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    OCEANTEAM signs LOI with ABB for BRITNED project

    News // May 23, 2007
    Oceanteam Power & Umbilical ASA has signed a Letter of Intent agreement with ABB for cable installation work on a high-voltage connection between the power grids of the UK and the Netherlands.
     
    The 244km BritNed Interconnector, which is due for installation in 2009 and 2010, will run from the Isle of Grain in north Kent to Maasvlakte in the Netherlands.
     
    The work will be carried out by Oceanteam in late 2009 and early 2010.
     
    The commercial terms between the parties remain confidential.
     
    The completed system will have a total capacity of 1,000MW and will be commissioned in 2010.
     
    Oceanteam Power & Umbilical ASA has a long-term agreement with power and automation technology group ABB, combining manufacturing and installation capabilities for high voltage submarine power cables.
     
    The joint capabilities enable the companies to tender for complete turn-key solution for subsea power cable installation across the world and Oceanteam and ABB have already jointly tendered various projects.
     

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