Nexans Delays Completion Schedule for Cyprus-Crete Interconnection Project
January 7, 2026
Nexans has publicly acknowledged that there is a rescheduling of the project for the interconnection between Cyprus and Crete, which will delay its completion originally planned for 2029 or 2030. The statement confirms earlier reports regarding the cancellation of tenders and changes in the project planning. Despite the delay, Nexans assures that its financial forecasts for 2028 will not be affected, as it has a strong backlog of orders. CEO Julien Hueber emphasizes the company's commitment to the project's execution and the stability of its financial outlook. The long-term prospects for the PWR sector remain strong.