Energy Firms To Create Strategy For European Power Super-Grid
March 08 2010 - 10:03AM
Dow Jones News
Ten leading European companies gathered Monday to announce the
launch of a new group that will help European lawmakers set the
framework for the construction of a European electricity super-grid
in the North Sea.
The first phase of the super-grid would cost about EUR34 billion
and would connect England, Scotland, Germany and Norway through
5,000 kilometers of transmission cables, said Eddie O'Connor in an
interview with Dow Jones Newswires. O'Connor was speaking on behalf
of the new group, Friends of the Supergrid, and is chief executive
of Ireland's Mainstream Renewable Power Company which is a member
of the group.
He said construction could start as early as 2015 and would
likely take two years to build.
The super-grid, which is still in a conceptual phase, would be
able to transmit large volumes of off-shore wind power in the North
Sea to areas of high energy consumption, cheaply and efficiently,
he said.
The group is composed of companies such as Siemens AG (SI) and
Hochtief AG (HOT.XE) of Germany, France's Areva (CEI.FR), and
Prysmian SpA (PRY.MI)of Italy. The remaining members include Visser
& Smit Marine Contracting, DEME Group, Belgium's transmission
operator Elia System Operator SA (ELI.BT), Mainstream Renewable
Power and renewable energy research firm 3E.
The Friends of the Supergrid will be based in Brussels and will
limit membership to 20 companies, O'Connor said.
Company Web Site: http://www.friendsofthesupergrid.eu/
-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328;
alex.macdonald@dowjones.com
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