(Press release 12.02.2015) The final investment decision for the NordLink interconnector was made by partners Statnett, TenneT and KfW 10. February 2015. The tender process has been finalised and contractors have been informed about the outcome. There is a 10 days standstill/appeal period.

Nexans Norway has been awarded the contract for HVDC cable in the Norwegian sector and the Danish sector.

ABB AB has been awarded the contract for HVDC cable in the German sector.

ABB AB has been awarded the contract for the converter stations in Germany and Norway.

Lead insurer for the project will be Codan.

The interconnector consists of 516 km subsea cable route.  A 55 km DC land cable route will be built in Germany.

"We look forward to start the construction period together with the chosen contractors. Following a thorough tender process, we are now confident we have awarded the best contractors to deliver the NordLink HVDC interconnector", says Executive Vice President Håkon Borgen in Statnett.

The NordLink project is scheduled for commissioning and trial operation in Q4 2019, and after the trial period the interconnector will go into commercial operations in 2020.

The interconnector comprises a total investment volume of approximately EUR 1.5 - 2 billion Euro.

The NordLink project will be realised by the Norwegian TSO Statnett SF and DC Nordseekabel GmbH & Co. KG, each with 50% ownership. TenneT TSO, and German promotional bank KfW both have shares of 50% in DC Nordseekabel. DC Nordseekabel is responsible for the construction of the German part of the project, including permits. The HVDC interconnector will have a capacity of 1.400 megawatts (MW) and will be installed between Tonstad in Sirdal, Norway, and Wilster in Schleswig-Holstein, Germany.

About Statnett
Statnett is responsible for the development and operation of the Norwegian power grid, including interconnectors to several other European countries. Statnett employs more than 1,100 people and operates 11,000 kilometres of high voltages lines. In 2013 Statnett had a turnover of 4.6 billion NOK.


About KfW
KfW is one of the world’s leading promotional banks. With its decades of experience, KfW is committed to improving economic, social and ecological living conditions across the globe on behalf of the Federal Republic of Germany and the federal states. To do this, it provided funds totalling EUR 74,1 billion in 2014 alone; and of this, 36 % went into measures for protecting the environment and combating climate change. In Germany, the KfW Group is represented in Frankfurt, Berlin, Bonn and Cologne. Its network includes 80 offices and representations around the world.

About TenneT
TenneT is Europe’s first cross-border grid operator for electricity. With about 21,000 kilometres of (extra-) high voltage lines and 41 million end-users in the Netherlands and Germany, TenneT ranks among Europe’s top 5 grid operators in Europe. TenneT’s focus is to develop a North-west European energy market and to integrate renewable energy. Taking power further

Media contacts:

Statnett

Christer Gilje

Vice President Corporate Communications

Mobile: +4795237128

christer.gilje@statnett.no

www.statnett.no

KfW IPEX-Bank GmbH

Thomas Krick

Communication

Direct line: +49 69 7431 8454

thomas.krick@kfw.de

www.kfw-ipex-bank.de

TenneT

Mathias Fischer

Corporate Communications

Direct line: +49 5132 89 2038

Mobile: +49 151 27657832

mathias.fischer@tennet.eu

www.tennet.eu