Italy’s Prysmian has penned a capacity reservation agreement with Marinus Link, a subsidiary of the Australian transmission system operator TasNetworks, for a new power interconnector between Tasmania and Victoria, Australia.
The deal includes the Commonwealth Government underwriting a capacity reservation fee of up to €90m and Prysmian’s continued capacity availability until the execution of the final contract expected in July 2024.
With an overall capacity of 750 MW, the power link will facilitate the flow of electricity between the two states, enabling the transfer of power from the areas where renewable energy is generated to those where it is needed, and will help Australia meet its emissions reduction targets by saving up to 70m tonnes of CO2 equivalent by 2050.
Prysmian has reserved the capacity to design, test, supply and install a cable system, consisting of 320 kV single-core cables with XLPE insulation and single-wire armouring, covering both submarine and land sections. The submarine connection will be approximately 255 km long, from Northwest Tasmania to Waratah Bay, Victoria. The link will include a stand-alone submarine fibre optic cable of 255 km. The capacity for the installation operations has been reserved with Prysmian’s cable-laying vessel Leonardo da Vinci.
