REG - Gwynt y Mor OFTO PLC - Gwynt y Mor OFTO - fault on export circuit SSEC3

RWE AGAnnouncement

21/10/2020 12:20

RNS Number : 7978C
  
Gwynt y Mor OFTO plc
  
21 October 2020
  
 

21 October 2020
 
 
GWYNT Y MOR OFTO PLC GBP 339,215,000 2.778 PER CENT. SECURED BONDS DUE FEB 2034
ISIN XS1175846580
Please find below an update regarding Gwynt y Mor OFTO plc:
Gwynt y Mor OFTO export circuit SSEC3 tripped at 16:54 on Thursday 15 October 2020. Testing undertaken on the evening of Friday 16 October 2020 from the offshore substation has indicated that the trip was caused by a single fault on SSEC3 located approximately 11km from shore. Further investigations will be required to determine the exact nature and cause of the fault.
SSEC3 provides 25% of the OFTO's transmission capacity.  The 3 other subsea export cables are unaffected and remain fully available/operational.
The OFTO is working with its framework repair contractors and with RWE (windfarm owner/operator) to implement a plan to repair the cable as soon as possible.  The OFTO has also informed its insurers and Ofgem.
Further updates will be provided as and when information becomes available.
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
ISEPPGCGUUPUGUG