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. The project involves a new 132 kV HVAC cable link between Mallorca and Menorca, expected to reduce Menorca's reliance on fossil fuels and support the region's energy transition. A six-month engineering phase will precede the final contract and project delivery, scheduled to start mid-2027. Nexans will leverage its expertise in subsea and land cable systems, emphasizing environmental care throughout the project.
Nexans' selection for the Mallorca-Menorca power cable project provides context for the Industrials sector's performance on Pluang. As of Oct 22, 2026, 12:11 WIB, out of 135 priced Industrials-sector US stocks, 61 rose and 72 fell. Notable movers include RKLB at USD 51.94 with a 3.20% decrease and a typical hold time of 31 days, KNX at USD 65.26 with a 3.18% increase and a 13-day hold time, and FLR at USD 46.55 with a 3.03% increase and a 13-day hold time.
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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 eng...
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