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Prysmian S p A: to develop a new submarine electrical link between the island of Elba and mainland Italy

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PRESS RELEASE

PRYSMIAN IS DEVELOPING A NEW SUBMARINE ELECTRICAL LINK BETWEEN ELBA ISLAND AND CONTINENTAL ITALY

TERNA REWARDS A WORTH-VALUE PROJECT € 68 MILLION

VSCAPABLE OF BEING PRODUCED IN PRYSMIANS CENTER OF EXCELLENCE IN NOTAPPLES

Milan, 23 November 2021 – Prysmian Group, world leader in the energy and telecom cable systems industry, has received the Award Letter for a project worth around 68 million euros for the new connection by submarine cable between the island of Elba and the Italian mainland (Piombino). The project was awarded by Terna Rete Italia SpA, a company 100% owned by Terna SpA, the Italian electricity grid operator (GRT).

The project includes marine and civil works for the design, supply, installation and commissioning of a 132 kV three-pole HVAC power cable with XLPE insulation and single-wire armor between the power plants located on the island of ‘Elbe and Piombino, along a 34 km submarine and 3 km of land route.

The submarine cables will be manufactured at the Arco Felice plant (Naples), one of the Group’s centers of technological and industrial excellence. Land cables will be produced at the Pignataro plant. The cables will be laid by the Prysmian Leonardo da Vinci ship, with delivery and commissioning expected by 2023.

This project is the third of its kind for Terna, after Capri-Torre Annunziata and Capri-Sorrento.

“This award further consolidates our leadership in the submarine cable industry in Europe and our strong relationship with Terna,” said Hakan Ozmen, SVP Projects Business at Prysmian Group. “We are proud to be a partner of Terna, which invests to develop and modernize the Italian energy network, making it more sustainable and smarter.

The new cable will double the island’s energy supply, ensuring a more secure flow of energy, especially during the peak tourist season of the summer months.

Prysmian Group has carried out a number of important infrastructure projects in the Mediterranean basin. In detail, she has developed several submarine links for Terna in recent years, connecting the Italian mainland with Sardinia (SA.PE.I.) and Sicily (Sorgente Rizziconi), in addition to the aforementioned links with the islands from the Campania region. To date, a Prysmian cable with innovative shielding technology has been installed at a depth of 1000 meters in two interconnectors in Greece.

Prysmian group

Prysmian Group is the global leader in the power and telecommunications cable systems industry. With nearly 140 years of experience, a turnover of more than 10 billion euros, around 30,096 employees in more than 50 countries and 104 factories, the Group is strongly positioned in high technology markets and offers the widest possible range of products, services, technologies and know-how. How? ‘Or’ What. It operates in the fields of underground and submarine cables and systems for power transmission and distribution, special cables for applications in many different industries and medium and low voltage cables for the construction sectors. and infrastructure. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a full range of optical fibers, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.

Media relations

Investor Relations

Lorenzo Caruso

Cristina Bifulco

VP Communication & Public Affairs

Chief Sustainability Officer and Group Investor Relations Director

Phone. 0039 02 6449.1

Phone. 0039 02 6449.1

[email protected]

[email protected]

This press release is available on the company’s website at www.prysmiangroup.comand in the centralized storage mechanism for regulated information provided by Spafid Connect SpA to www.emarketstorage.com.


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