Siemens Gets Contract for High-Voltage Direct Current Converter Stations
February 01 2016 - 2:57AM
Dow Jones News
By Monica Houston-Waesch
FRANKFURT--Siemens AG (SIE.XE) has received an order to supply
high-voltage direct current converter stations to link the Dutch
and Danish power grids, the company said Monday.
Siemens' portion of the order comes to about 170 million euros
($185.47 million), it said. The cable is being supplied by Italy's
Prysmian SpA (PRY.MI). The power link will have transmission
capacity of 700 megawatts and is set to begin operation in
2019.
Siemens said it will supply the converters to Denmark's
Energienet.dk and its Dutch counterpart TenneT TSO.
"The HVDC link between Denmark and Holland has been designated
as one of the European Commission's projects of common interest to
help create an integrated European Union energy market," Siemens
said.
-Write to Monica Houston-Waesch at nikki.houston@wsj.com
(END) Dow Jones Newswires
February 01, 2016 02:42 ET (07:42 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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