On acquiring a contract in the Republic of Indonesia to lay a 150kV high-voltage, optical fiber composite submarine cable
VISCAS Corporation (hereinafter “VISCAS”) received an order in the Republic of Indonesia from the nation's national power company PT. PLN (hereinafter “PLN”) regarding a project involving three local companies to run a 150kV high-voltage, optical fiber composite submarine cable between Batam and Bintan islands. The contract is worth 3.5 billion yen and the project is due to be completed in May 2014.
The aim of the project is to deliver surplus power generated in Batam, located within the Riau Islands of northern Indonesia, to Bintan, an island known as a resort destination that is also undergoing industrialization. VISCAS will assume a full turnkey project to supply and lay the high voltage submarine power cable that connects the two islands. The submarine cable that VISCAS will manufacture and deliver for this project is a 150kV triplex, cross-linked polyethylene (XLPE) insulated cable that includes an optical fiber cable.
VISCAS has already contributed to developing power supply networks with submarine cables within the nation, and we believe that this latest contract is the result of the high acclaim achieved through VISCAS' experience in supplying high-voltage submarine power cables and its ability to execute projects.
The Republic of Indonesia is currently sustaining economic growth at an annual rate of over 6%, and is enhancing its power facilities owing to vigorous demand for power. As one of the world's largest island nations, Indonesia also has multiple plans to connect its islands with submarine cables. ASEAN nations are also planning a project to run power supply lines throughout their member states with the aim of achieving mutual power collaboration, which includes within its vision the construction of a power line between Batam and Singapore using submarine power cables. Our company views this latest contract as an opportunity to strengthen our efforts to acquire similar contracts within Indonesia while expanding our submarine cable business globally.
Profile of VISCAS Corporation
|Location of Headquarters||4-12-2 Higashi Shinagawa, Shinagawa-ku, Tokyo|
|Company Profile||Established as a joint corporation of the power business divisions of Furukawa Electric Co., Ltd. and Fujikura Ltd. Manufactures and distributes underground power cables, overhead power supply lines and power distribution cables for domestic and overseas use.|