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A significant investment in New Zealand’s energy future
Prysmian, a world leader in the energy and telecommunications cables and systems sector, recently announced a capacity reserve agreement worth around 250 million euros with Transpower New Zealand.
This agreement represents a fundamental step towards the construction of a new subsea electrical interconnection project that will connect the North and South islands of Aotearoa across the Cook Strait.
Project details and expected benefits
The new link will have a total capacity of 1400 MW, replacing an obsolete system that is no longer able to meet the country’s growing energy needs. This project will not only ensure a safer and cheaper supply of electricity, but it will also help support the growing demand for electricity in New Zealand, a crucial aspect in a context of transition to more sustainable energy sources
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Innovative solutions and delivery times
Prysmian is committed to providing a complete “turnkey” solution, integrating its innovative EOSS monitoring system, which is essential to ensure the safety and long-term durability of the connection. The contract is currently under negotiation and is expected to be finalized in the first quarter of 2026. The notice to proceed is scheduled for the first half of 2026, with the aim of putting the new system into operation by 2031
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Economic impact and sustainability
This project not only represents a significant investment for Prysmian and Transpower, but it will also have a positive impact on the local economy, creating jobs and stimulating innovation in the energy sector. New Zealand, with its growing demand for energy, is in an ideal position to benefit from this type of investment, which promote sustainability and energy efficiency
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