GE Vernova announced on Tuesday that it had won a £1 billion (approx. €1.15 billion) contract to supply a submarine cable to the UK's National Grid, a subsidiary of SP Energy Networks.

The contract, won as part of a consortium with Greek industrial conglomerate Mytilineos, calls for the laying of a high-voltage direct current (HVDC) cable to provide the electrical interconnection between the Torness nuclear power plant in Scotland and the Hawthorn Pit substation in north-east England.

The design phase is due to start in January 2024, with construction scheduled for 2025, GE Vernova states in a press release.

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