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Nexans, the worldwide leader in the cable industry, has been awarded a 104 million Euro contract by Statnett, Norway's national main grid owner and operator, to design, manufacture and install the new Oslofjord II submarine high-voltage power link thus replacing the existing cables installed over 30 years ago which have reached the end of their service-life. The new Nexans cables, which transmission capacity will reach 3,000 MVA, will ensure a high level of continuity and reliability for a power link that plays a vital role both in Norway's transmission grid and in facilitating the transmission of power between Norway and Sweden.