EIB LOAN FOR BRITNED INTERCONNECTOR.
| Position | European Investment Bank - Brief article |
The European Investment Bank has agreed to provide 300 million for the construction of the BritNed Interconnector, a new electricity transmission cable between the United Kingdom and the Netherlands. The BritNed cable is a fifty-fifty joint venture between National Grid and TenneT, which operate the grids. It will have a capacity of 1,000 MW and make a significant contribution to the security and diversity of electricity supplies in both the UK and the Netherlands. The interconnector will also...
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