(Reuters) -Britain’s power transmission owners SP Transmission and National Grid Electricity Transmission have selected Italy’s Prysmian as the preferred bidder for a proposed link between England and Scotland, the Italian group said on Tuesday.
The 2 billion euros ($2.35 billion) value of the contract is an estimate as negotiations are not complete, Prysmian, the world’s largest cablemaker by sales, said in a statement.
The Eastern Green Link 4 will connect a high voltage direct current cable from Fife in eastern Scotland to Norfolk on the east coast of England via the North Sea.
Prysmian is already involved in the projects Eastern Green Link 1 and 2, also aimed at improving the electrical interconnection of England and Scotland along Britain’s east coast.
($1 = 0.8514 euros)
(Reporting by Philippe Leroy Beaulieu in Gdansk; editing by Barbara Lewis)
