February 12, 2015 / 11:23 AM / 3 years ago

Nexans, ABB win NordLink power cable contracts

OSLO, Feb 12 (Reuters) - French cable maker Nexans and Swiss engineering group ABB have won contracts to supply and install the NordLink power cable, the first interconnection between Norway and Germany, Norway’s grid operator Statnett said on Thursday.

Statnett repeated that the overall investment costs for the project are estimated at 1.5-2 billion euros, although it did not say how much of this would go to Nexans and ABB.

The 1,400 megawatt interconnection is expected to be built by the end of 2019. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

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