Brief: Nkt Confirms Capacity Reservation From SSEN Transmission For Scottish Power Cable Projects

NKT A/S

28/08/2023 13:40

Aug 28 (Reuters) - Nkt A/S  NKT.CO :
    * REG-NKT CONFIRMS CAPACITY RESERVATION FROM SSEN
TRANSMISSION FOR
SCOTTISH POWER CABLE PROJECTS
    * FOLLOWING ANNOUNCED STATUS AS PREFERRED BIDDER, NKT HAS
NOW
RESERVED PRODUCTION AND OFFSHORE INSTALLATION CAPACITY FOR SSEN
TRANSMISSION FOR POWER CABLES
    * FOR NKT, TWO TURNKEY PROJECTS WILL COMPRISE DESIGN,
PRODUCTION
AND INSTALLATION OF BOTH ON- AND OFFSHORE CABLE SYSTEMS
    * COMBINED VALUE OF TWO PROJECTS IS NOT YET FIRMLY FIXED,
HOWEVER,
NKT ESTIMATE IT TO BE OVER EUR 1BN UPON CLARIFICATION OF FINAL
SCOPE
    * BOTH PROJECTS ARE SCHEDULED FOR COMPLETION IN 2030

Source text for Eikon:  ID:nGNE5X08S 
Further company coverage:  NKT.CO 

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