Furukawa Electric Announces New Contract for One of the Largest OPGW Projects in Latin America

TOKYO

Suzhou Furukawa Power Optic Cable Co., Ltd. (Jiangsu Province, PRC, hereinafter, SFPOC), Furukawa Electric (TOKYO: 5801) (ISIN: JP3827200001) group, has been awarded a new contract by Proyecto Infraestructura Del Peru (PDI) which is a subsidiary of ISA Colombia for supply of Optical Ground Wire (OPGW)¹ and fittings for one of the largest power transmission projects in Peru.

Background

In recent years, power transmission infrastructure investment in emerging Asian, African and Latin American countries has steadily increased, and there has been stable demand for OPGW. Demand for renewable energy systems including wind, solar, hydro, and the like are expanding even in developed countries, primarily in the U.S., resulting in vigorous investment in power transmission lines.

Overview

SFPOC, a subsidiary of Furukawa Electric, has been awarded a new contract for supply of 980km of OPGW and associated hardware/fittings for one of the largest 500kV power transmission line projects in Peru owned by Proyectos De Infraestructura Del Peru (PDI), an extension in Peru of ISA Colombia that links Mantaro and Montalvo. The OPGW cable was custom designed to withstand harsh topographical and environmental conditions along the route of the transmission line, such as extremely long span, high wind and corrosive atmosphere.

SFPOC has completed the supply of 1,100km OPGW for NALCOR Energy in Newfoundland, Canada, last year, and another large project of 1,000km for INTERCHILE is yet to come this year.

“It is a great pride and privilege for us to work with ISA Colombia on these great projects”, says Hiroyuki Otake, Director, Vice president of Furukawa Electric. “We already have a strong base in Brazil in the form of Furukawa Industrial S.A. Produtos Electricos, a subsidiary of Furukawa Electric which caters to the southern part of Latin America. Winning this large contract proves Furukawa Electric’s presence and strength in serving the OPGW needs of entire South America with unique engineering technology and high capabilities to deliver.”

View source version on businesswire.com: http://www.businesswire.com/news/home/20151007005489/en/

Furukawa Electric Co., Ltd.
Shin Katoh
Investor and Public Relations Department
katoh.shin@furukawa.co.jp