The U.K. Office of the Gas and Electricity Markets, or Ofgem, said Wednesday that 13 bidders have been selected for sale of GBP1.15 billion of offshore electricity links.

MAIN FACTS:

-Selected firms will now take part in a competitive tender to operate high-voltage transmission links with offshore windfarms

-In total over GBP15 billion will need to be invested in transmission links for offshore windfarms

-Final offshore transmission links will be able to connect enough wind generated electricity to power more than 10 million homes

-Tender will grant licences for the nine projects, which have the potential to connect up to 2,000 megawatts of renewable electricity.

-Tender round will run until March/April 2010 when the successful firms will be announced.

-Second round for assets that are built, under construction, or at an advanced pre construction stage, will be held in summer 2010.

-Companies which are successful in both of these tender rounds will take ownership of the transmission link once it is constructed. They will then run it and in return will receive a stable, regulated income for 20 years.

-The bidders that have qualified to proceed to the qualification to tender stage are: ABN Amro Infrastructure Capital Management Ltd; Balfour Beatty Capital Limited; DONG Energy Sales and Distribution A/S; Equitix (a consortium of Equitix and AMP); ESB International Limited; Frontier Power Consortium (a consortium of Frontier Power Limited and Infracapital Partners LP); Imera Limited; Macquarie Capital Group Limited; National Grid Offshore Limited; RWE Npower plc; SSE Offshore Transmission Limited; A consortium of Stakraft U.K. Limited and StatoilHydro U.K. Holdings Limited; and Transmission Capital Partners (a consortium of International Public Partnerships Limited, Transmission Capital Limited and Amber Infrastructure Limited)

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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