French, Irish Back Celtic Undersea Power Cable

May 6, 2019

French energy regulator CRE and its Irish counterpart CRU said on Monday they are backing a bid by the Celtic Interconnector undersea power cable project to get at least 60 percent of its 930 million euros investment from European Union grants.

The 700 megawatts high-voltage power cable project, led by French power grid operator RTE and Ireland's EirGrid, will be the first interconnector linking Ireland to France.

The regulators said that in the context of Britain's exit from the European Union, the project will establish a direct power link between Ireland and the European internal energy market. It would also improve Ireland's security of supply.

The Celtic Interconnector, set to run from the southern Irish coast to Brittany in France from 2026, was declared a common interest project by the European Union's executive arm, making it eligible for grants from the bloc.

The regulators said they have agreed that 65 percent of the project's estimated investment costs will be allocated to Ireland and 35 percent to France.

(Reuters, Reporting by Bate Felix Editing by Geert De Clercq)



Current News

BP to Shut West Chirag Platform for Maintenance

BP to Shut West Chirag Platform for Maintenance

Exxon Appoints Bank to Sell Malaysia Assets

Exxon Appoints Bank to Sell Malaysia Assets

Oxy Books Supertanker for a Record $13.25 Mln

Oxy Books Supertanker for a Record $13.25 Mln

Sinopec Resumes Production at Sichuan Gas Processing Unit

Interra Resources Spuds First Well in Kuala Pambuang Block

Interra Resources Spuds First Well in Kuala Pambuang Block

Saipem Wins BP Azerbaijan Job

Saipem Wins BP Azerbaijan Job

Rosneft Makes Discovery Offshore Sakhalin

Rosneft Makes Discovery Offshore Sakhalin

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week