French firm Nexans wins contract for EuroAsia Interconnector

NICOSIA, July 19 (Xinhua) -- French cabling specialist Nexans has won a contract worth 1.43 billion euros (1.6 billion U.S. dollars) to build the section of the EuroAsia Interconnector, a submarine electricity cable, that connects Greece and Cyprus, the company said on Wednesday.

Once completed, the 2,000-megawatt (MW) project will connect Cyprus and Greece with Israel.

Nexans said the contract involves "