Alpha News

New Schedule for GSI Project, Delivery Date to Change Says Nexans

Published January 7, 2026, 10:37

Nexans announced that a new schedule is being developed for the Great Sea Interconnector (GSI) project, which will affect its delivery date. The company is working closely with its client to revise the timeline, while assuring that it continues to execute the project according to its contractual obligations and milestones set since 2023. Despite the change in the delivery date, Nexans estimates that its financial forecasts for 2028 will not be affected, due to the large volume of unexecuted projects it has and the proactive measures it has taken since 2026 to mitigate potential impacts. Nexans CEO, Julien Hueber, stated that the GSI project remains ongoing and the company is fully committed to supporting its client in completing this critical infrastructure. He also emphasized the importance of discipline in project execution. The company will announce its 2026 forecasts along with the 2025 full-year results on February 19, 2026. Nexans appears to be managing the situation carefully, while remaining optimistic about achieving its financial goals.