Grid operator TenneT signs high-tension wire deals worth 1.5 bln euros

LS Eco Energy

10/08/2023 08:17

AMSTERDAM, Aug 10 (Reuters) - TenneT, the largest
electric grid operator in the Netherlands and Germany, on
Thursday said it had awarded contracts worth 1.5 billion euros
($1.65 billion) to companies building high-tension wires.
    TenneT, which intends to spend as much as 100 billion euros
in the coming decade to build out electric grids onshore and
offshore as electricity from renewable sources increasingly
replaces fossil fuels, said the multi-year contracts were
awarded to eight companies.
    The companies were Brugg Kabel of Switzerland, LS Cable &
System and Taihan of South Korea, NKT GmbH & Co KG and Suedkabel
GmhH of Germany, Prysmian and TKF of the Netherlands, and TBEA
Shandong Luneng Taishan Cable Co., Ltd. of China.
    ($1 = 0.9085 euros)

 (Reporting by Toby Sterling; editing by Jason Neely)
 ((toby.sterling@thomsonreuters.com;))