Is there anything unsafe that should stop me from converting the above cable into figure-of-eight terminated power cords for my active speakers which consumes a maximum of less than 200W each speaker? Thanks!
Buy power cables, they have the certified insulation (if it is a reputable manufacturer at least). There should not be any crack or opening in the certified insulation (certified for the voltage and the conductors must be certified for the amperage). The outer jacket should completely hide the inner insulation and wires. You are not allowed to come in contact with the inner wires when they are charged with high voltage, it is really to protect your life.
It's not clear to me what you mean by figure of eight. I would be interested in reading an explanation. The wattage of the speakers is not really important, because the AC outlet delivers lethal high voltage. So the voltage is high enough to penetrate the skin, and that means the amperage/wattage is usually enough to be deadly or at least very dangerous. Yeah, that's the price we pay for the mad scientists like Tesla and Edison who gave us the technology that made AC outlets possible!
In Europe the voltage is 230 volt and in America it's only about half that, so Ohm's law comes into play. Americans sometimes need about twice as much amperage for their electrical appliances, it's actually about twice as dangerous in a way. Keep in mind that solid core conductors are only certified for fixed installations, inside the walls or under the ground. Stranded wires are flexible and certified for normal power cables that can be moved around and plugged into AC outlets. Very important, because the solid conductors could break very quickly if you use them for a purpose that is not certified. In Denmark, it's 18 AWG = 10 amperes, 16 AWG = 13 amperes and 14 AWG = 16 amperes. But we just name it after the cross-sectional area in square millimeters, not American Wire Gauge.
Edit: That is 18.5 AWG ≈ 10 amperes, 15.5 AWG ≈ 13 amperes and 13.5 AWG ≈ 16 amperes.