Nexans has been selected by Red Eléctrica as the preferred supplier for the Mallorca-Menorca 3 interconnection project, aimed at enhancing the electricity network's security and resilience in the Balearic Islands. The project includes a six-month engineering phase to prepare for a contract and construction starting mid-2027. This new high-voltage AC link will reduce Minorca's reliance on fossil fuels and improve regional grid stability. Nexans will handle engineering studies and installation, emphasizing environmental care due to the sensitive ecological area.
Nexans' selection for the Mallorca-Menorca interconnection project offers context for readers interested in industrial infrastructure. For readers following Industrials, here is Pluang's market snapshot as of Oct 22, 2026 12:11 WIB: out of 135 priced Industrials-sector US stocks, 61 rose and 72 fell. Fluor Corporation (FLR) gained 3.03% to USD 46.55 with a typical hold time of 13 days, contrasting with Forgent Power Solutions (FPS) which dropped 2.99% to USD 30.81 and saw 85% buy orders despite a short 2-day hold time. Otis Worldwide (OTIS) declined 2.98% to USD 69.92, held typically for 67 days.
Nexans has been selected by Red Eléctrica as the preferred supplier for the Mallorca-Menorca 3 interconnection project, a key infrastructure initiative aimed at strengthening the electricity network's security and resilience in the Balearic Islands. ...
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