Release date: 15 September 2011
Promoter – Financial Intermediary
STATNETT SF
Location
Description
Implementation of a monopolar High Voltage Direct Current link interconnecting Norway and Denmark across the Skagerrak strait including two terminal converter stations located in Kristiansand (Norway) and Tjele (Denmark), 140 km of undersea cable and 102 km of land cable.
Objectives
The purpose is to increase the transmission capacity between Denmark and Norway to allow more electricity trade between the Norwegian and the European continental markets – essentially the markets in Denmark and Germany.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million
Total cost (Approximate amount)
Up to EUR 400 million
Environmental aspects
The project received all the necessary environmental approvals by the competent authorities in both Norway and Denmark. No significant long-term impacts are expected to result from project construction and operation.
Procurement
In line with the requirements of the EU Directive 2004/17/EC, the procurement of the project has followed negotiated procedures with prior publication of calls for qualification in the OJEU.
Status
Signed - 21/12/2011
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).