Nexans renegotiates Greece-Cyprus grid link delivery schedule

Nexans SA

06/01/2026 06:19

Jan 6 - French cable maker Nexans NEXS.PA said on Tuesday it is renegotiating the delivery schedule for the Great Sea Interconnector project, acknowledging delays to the 1.4-billion- euros ($1.64 billion) contract to link Greece's and Cyprus' power grids.

The company said the changes will push back the project delivery date but reaffirmed its 2028 financial targets.

($1 = 0.8527 euros)

 (Reporting by Leo Marchandon in Gdansk; Editing by Christian Schmollinger)

 ((leo.marchandon@thomsonreuters.com))