Vattenfall Tuesday said it has signed a cooperation
agreement with four North European energy companies to plan and build an
electrical interconnector between the
U.K.
and
Norway
.
MAIN FACTS:
-Vattenfall
and its partners, Agder Energi, E-CO, Lyse, Scottish and Southern Energy, will
establish NorthConnect, a jointly owned interconnector development company.
-After establishing the development company, the project partners will over the
next three to four years examine the technical and economic viability of
developing, building and operating the electricity interconnector.
-The HVDC (High Voltage Direct Current) interconnector will have a capacity
between 1,200 and 2,000 MW.
-The ambition is to have NorthConnect in operation before '20.