NKT secures its biggest ever single cable contract

March 4 (Reuters) - March 4 (Reuters) - ​Danish provider of ⁠turnkey AC/DC cable ​solutions NKT has signed its biggest ever contract for a ​single ‌cable project.

The contract is for NKT to ⁠deliver the high-voltage direct current (HVDC) power ⁠cable system for ​Eastern Green Link 3, a planned electricity transmission link designed to move large amounts of power between ​northeast ‌Scotland and eastern England.

* The contract is with a joint venture between National Grid Electricity Transmission and SSEN Transmission

* Value of ​contract is "more than" EUR 2.2 billion ($2.55 billion)

* NKT ‌will design, manufacture, and install a 525 kV HVDC cable system, including ‌onshore and offshore sections.

* The route is about 680 km long

* EGL3 is described as ​the UK's largest investment of its kind in electricity transmission, ‌aimed at boosting grid resilience and efficiency

* The 525 kV HVDC connection is intended to move ⁠renewable power ⁠efficiently from the North of ‌Scotland to demand centres in the South

* The project is ​expected ​to help provide more affordable, reliable, ‌low-carbon electricity for up to around 2 million UK homes and businesses ($1 = 0.8615 euros) (Reporting by Agnieszka Olenska; Editing by Matt Scuffham)

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