UK power firm SSE to invest up to $1.28 billion for Scottish subsea cable upgrade
17/02/2026 15:39
Feb 17 (Reuters) - British power firm SSE SSE.L said on Tuesday its electricity distribution unit has selected five contract partners for an investment up to 950 million pounds ($1.28 billion) to upgrade subsea electricity network connecting Scotland's island communities. SSEN Distribution said the agreements with Briggs Marine, DOF Subsea UK, N-Sea, Enshore Subsea and Jan De Nul will run for an initial five-year period, with an option to extend for three more years. ($1 = 0.7398 pounds) (Reporting by Ankita Bora in Bengaluru; Editing by Shailesh Kuber) ((Ankita.Bora@thomsonreuters.com))