NKT signs final cable supply contract for Viking Link

Danish group NKT A/S (CPH:NKT) said today it has signed the final contract for the supply of a cable system for the 1,400-MW Viking Link interconnector between Denmark and the UK.

As announced a month ago, the developers and owners of the project, Danish transmission system operator (TSO) Energinet and National Grid plc (LON:NG), awarded a EUR-90-million (USD 99.6m) contract to NKT to deliver a 150-km cable system of 525-kV MI high-voltage direct current (DC) onshore power cables for the interconnector. The parties have now inked the final contract documents to confirm the order, NKT said in a statement.

The Danish group added it expects to begin production of the cables next year.

The 760-km Viking Link represents the first submarine cable connection between the UK and Denmark, transmitting power through UK, Dutch, German and Danish waters. The goal of the project is to increase access to renewable and sustainable energy sources to more than 1.4 million households.

(EUR 1.0 = USD 1.107)

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