September 18, 2014 / 10:17 AM / 3 years ago

BRIEF-International Public Partnerships notes Ofgem's notice on Lincs OFTO project

Sept 18 (Reuters) - International Public Partnerships Ltd :

* Ofgem announcement on Lincs offshore transmission cable investment

* Investment is now expected to be made in November 2014 and would be company's fifth OFTO project

* Will take no exposure to electricity production or price risk

* Will be paid via a pre-agreed, availability-based revenue stream over 20 years which is fully linked to UK inflation (rpi)

* Transmission capital partners expects to invest approximately 170 million stg in project which links 270MW Lincolnshire wind farm to national grid via 100km of subsea cables

* Details of project will be announced at time of investment being made Source text for Eikon: Further company coverage:

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