Following the company’ announcement in July, that NKT had received the award by Energinet and National Grid to supply a cable system of approximately 150 kilometres of 525 kV MI high-voltage DC onshore power cables for Viking Link interconnector project, which will connect the Danish and British power transmission grids.
NKT and the project owners have now signed the final contract documents for the project. With this step, the award of the Viking Link cable solution to NKT is confirmed.
As previously announced the order represents a contract value for NKT of approximately EUR 90 million (about DKK 670 million), corresponding to approx. EUR 75 million in standard metal prices (about DKK 560 million). Production of the power cables is expected to start in 2020.