Pirelli wins RI project

Tue, 05 Aug 1997 | Source: REUTERS

MILAN (Reuter): Pirelli's cables division announced yesterday that it had won a contract as part of a consortium to build a new submarine power system linking the islands of Java and Bali in Indonesia worth in total $40 million.

Pirelli Cables and Systems is in a consortium led by PT Dwipangga Sakti Prima and also GT Kabel Indonesia of the Gajah Tunggal Group. GT Kabel is already Pirelli's partner in a joint venture established in 1995 to produce cables near Jakarta.

The contract was awarded by PLM, Indonesia's national public electricity board, and the new system is expected to be operational by January 1998.

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