Nexans secures significant contract for Malta-Sicily second interconnector

Core Insights - Nexans has been awarded a significant contract by Interconnect Malta (ICM) to deliver the second Malta-Sicily interconnector, enhancing Malta's electricity system and energy independence [2][8] - The new interconnector will consist of a 225 MW subsea cable operating at 220 kV, linking Maghtab, Malta, and Ragusa, Sicily, and will be installed alongside the existing interconnector delivered by Nexans in 2015 [3][4] - This project aligns with Malta's national energy strategy, aiming to increase security of supply, integrate renewable energy sources, and support the country's 2030 climate and energy targets [4][5] Company Overview - Nexans is a global leader in cable systems and services, with a commitment to electrifying the future and achieving Net-Zero emissions by 2050 [6] - The company generated €7.1 billion in standard sales in 2024 and operates in four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect, and Industry & Solutions [6] - Nexans has a workforce of approximately 28,500 people across 41 countries, emphasizing its role in sustainable energy initiatives and access to energy for disadvantaged communities [6]