Germany's 50Hertz signs 4.6 bln eur contract for submarine and land cable expansion

Elia SA

29/09/2023 09:52

BERLIN, Sept 29 (Reuters) - German power grid operator
50Hertz on Friday said it had signed a 4.6 billion euro ($4.88
billion) deal with NKT and Prysmian Group to build submarine and
land cables as the company expands high-capacity power lines for
Germany's renewables switch.
    The contracts are for cables covering at least 3,500
kilometres and include 525-kV cable systems with a capacity of 2
gigawatt per system for line construction, the company added.

($1 = 0.9428 euros)

 (Reporting by Riham Alkousaa
Editing by Miranda Murray)
 ((Riham.Alkousaa@thomsonreuters.com; Twitter: @RihamKousa;))