Statnett To Build Power Cables From Norway To Germany And UK

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The Norwegian oil and energy department Thursday announced that Statnett, the country’s electricity grid owner and operator, has been approved to build a power cable between the Nordic country and Germany, as well as one to the U.K.

Norway’s Minister of Petroleum and Energy Ola Borten Moe and Germany’s Federal Minister of Economics and Technology Philipp Rosler met today and said they expect that Statnett’s plans for a power cable between Norway and Germany can be realized in 2018.

Statnett, German system operator TenneT, and German national bank KfW are working together on the 1,400MW project, with Statnett owning 50% of the project, KfW at least 25% and TenneT the remaining portion.

Read more: http://www.foxbusiness.com/news/2012/06/21/statnett-to-build-power-cables-fro…

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