Thursday, 3 February 2011

Vattenfall and partners to build UK-Norway interconnector

Vattenfall has signed a co-operation agreement with four energy companies to plan and build an electrical interconnector between the UK and Norway.

Vattenfall and its partners, Agder Energi, E-CO, Lyse, and Scottish and Southern Energy, agreed to establish Northconnect, a jointly owned interconnector-development company.

‘Northconnect will make an important contribution towards developing the European market for electricity, with increased competition in regional markets, a secure supply of electricity and more stable energy prices for consumers,’ said Harald von Heyden, head of Vattenfall Asset Optimisation and Trading.

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