The extension of Shanghai’s state power grid will be supported by a new 500 kV XLPE (cross-linked polyethylene) cable system to be supplied by Nexans. The contract, worth 23 million Euros, was awarded by the Shanghai Municipality Electric Power Company (SMEPC) of State Grid Corporation of China (SGCC). Nexans will supply 45 km of state-of-the art XLPE cables and the accompanying accessories as part of the contract.
The new power link, between the Baoshan district and Yangpu district, will be the second 500 kV XLPE installation supplied by Nexans in Shanghai. Nexans will design, manufacture and install a 15 km circuit in an underground tunnel, connecting Yanghang station to Hongyang substation.
This will be Nexans’ fourth 500 kV project in China. In 2009, Nexans delivered 51 km of XLPE cable as part of the Shibo project operated by SMEPC, 9.4km XLPE cable for Guandi Hydro Power Project by ERTAN. The company also supplied a similar circuit (20 km) as part of the Haidian project in Beijing in 2014.
Philippe Gastineau, Executive Vice President of Nexans Land High Voltage said,“This new contract in Shanghai reinforces Nexans’ position as the leading solution provider for 500 kV inner city grid reinforcements. Having worked with SMEPC on the Sibo project, we are looking forward to continuing our relationship.”
The Hongyang project is expected to be completed towards the end of 2016.
Contact: Michel Gédéon - Investor Relations
P: +33(0)1 73 23 85 31 - E: michel.gedeon[.]nexans.com.
Nexans (nexans.com) brings energy to life through an extensive range of cables and cabling solutions that deliver increased performance for our customers worldwide. Nexans’ teams are committed to a partnership approach that supports customers in four main business areas: Power transmission and distribution (submarine and land), Energy resources (Oil & Gas, Mining and Renewables), Transportation (Road, Rail, Air, Sea) and Building (Commercial, Residential and Data Centers). Nexans’ strategy is founded on continuous innovation in products, solutions and services, employee development, customer training and the introduction of safe, low-environmental-impact industrial processes. In 2013, Nexans became the first cable player to create a Foundation to introduce sustained initiatives for access to energy for disadvantaged communities worldwide. We have an industrial presence in 40 countries and commercial activities worldwide, employing close to 26,000 people and generating sales in 2014 of 6.4 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A.