Advertisement
UK markets open in 6 hours 4 minutes
  • NIKKEI 225

    38,260.95
    +708.79 (+1.89%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • CRUDE OIL

    83.46
    +0.10 (+0.12%)
     
  • GOLD FUTURES

    2,335.70
    -6.40 (-0.27%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • Bitcoin GBP

    53,573.31
    -214.09 (-0.40%)
     
  • CMC Crypto 200

    1,433.87
    +19.11 (+1.35%)
     
  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

UK regulator shortlists five bidders for Dong Energy wind link tender

LONDON, Sept 13 (Reuters) - Britain's energy regulator Ofgem on Tuesday announced a shortlist of five bidders for a 230 million pound ($305 million) tender to own and operate the transmission link for Dong Energy (LSE: 0RHE.L - news) 's Burbo Bank wind farm extension in the Irish Sea.

The winner will receive a guaranteed revenue stream for 20 years under the terms of their licence, Ofgem said.

The five shortlisted bidders are:

* Balfour Beatty Equitix Consortium (a consortium comprising Balfour Beatty Investments Ltd and Equitix Ltd)

* Dalmore Capital Limited (acting in its capacity as manager of the PPP Equity PIP LP)

ADVERTISEMENT

* Diamond Transmission Partners (consortium comprising Mitsubishi Corporation (LSE: 0Q0J.L - news) and HICL Infrastructure Company Ltd)

* Mari Energy Transmission (consortium comprising Macquarie Corporate Holdings Pty Ltd and Frontier Power Ltd)

* Transmission Capital Partners (consortium comprising International Public Partnerships Ltd and Transmission Capital Partners Ltd Partnership)

Ofgem said it expects to announce details of the preferred bidder in April 2017.

Dong Energy began installing the first of the world's largest wind turbines, which are taller and wider than the London Eye, at its Burbo Bank extension this month.

Combined, the 32 turbines will create enough electricity to power around 230,000 homes.

The extension to the existing Burbo Bank wind farm, which comprises of 25 smaller 3.6 MW turbines, will likely be completed by the first half of 2017.

($1 = 0.7540 pounds)

(Reporting by Susanna Twidale; editing by Jason Neely)