Imera Power picks ABB for subsea power cables

ZURICH, March 7 Wed Mar 7, 2007 2:36pm GMT

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ZURICH, March 7 (Reuters) - Ireland's Imera Power has selected Swiss engineering group ABB (ABBN.VX) to build two undersea electricity cables in a potential order worth more than 300 million euros ($394 million).

The electricity group has selected ABB for laying two cables between Ireland and Wales and will grant a final order if it secures regulatory approval for certain exemptions on third-party access to the facility.

Imera said it expected the approval by mid-May.

ABB said it was awaiting the outcome of the discussion with the authorities before a final announcement.