Plans for a new power cable between Norway and Germany
December 1, 2006. Kristiansand/Oldenburg. The two Norwegian groups Agder Energi and Lyse, the Swiss energy trading company EGL, and the German energy company EWE have agreed to develop a project to build a 570 km sub-sea power cable between Norway and Germany (NorGer).
By increasing the import capacity for electricity to Norway, the NorGer cable will make a significant contribution towards reduction of the present Norwegian electricity shortage in dry years. Moreover, NorGer will increase overall system stability and has considerable environmental benefits due to its potential to even out variations in the German wind-power system with Norwegian hydroelectricity instead of CO2-rich German coal and gas fuelled power generators.
The consortium has founded NorGer AS, a project company based in Kristiansand. In a first step NorGer will initiate preliminary technical and commercial preparations and obtain the necessary permits in Norway and Germany. Reliable energy supply and the reduction of CO2-emissions go in line with the strategic focus of the project partners.
Planned landing site in Norway is Feda (near Kristiansand), which is also the landing site of the cable under construction to the Netherlands. The Wilhelmshaven region is a possible landing site in Germany. The earliest possible start-up of operations for NorGer is 2011
Total investments for a 700 MW cable are estimated at approximately EUR 500 million.
For further information please contact:
Agder Energi AS: Edvard Lauen, Vorsitzender NorGer AS, +47 90580707
EGL: Harald von Heyden, Geschäftsführer EGL Nordic +47 92288103
EWE: Cora Zillich, Leiterin Unternehmenskommunikation, 0441 803-1800
Lyse: Ole Gabrielsen, Vorsitzender Lyse Handel AS, +47 934 88301
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Agder Energi is a leading Norwegian supplier of environmentally friendly energy. Average annual production is 7.4 TWh, mainly from own operations. The company is located in Kristiansand in the southernmost area of Norway. Agder is the third largest energy group in Norway with respect to hydroelectric production. The company also developes alternative energy sources, like wind power, thermal energy, district heating and liquified natural gas and has an extended trading activity. Agder Energi also has extensive business within engineering and contracting. The company has a strong position in the end-user market for electricity.
EGL is a European energy trading company with its own assets. It trades in energy, natural gas and energy-related financial products and its activities focus predominantly on wholesale and bulk customers. EGL is accredited to trade on all the important energy exchanges and has 15 subsidiaries throughout Europe. The company is headquartered in Dietikon (near Zurich, Switzerland) and listed on the SWX Swiss Exchange.
EWE ranks among Germany’s largest energy services companies and is
headquartered in Oldenburg in the federal state of Lower Saxony. The group’s business activities comprise electricity, natural gas and water supply, environmental technology as well as gas transmission and trade, telecommunication and information technology.
In addition to its activities in its home region between the Ems, Weser, and Elbe rivers, EWE continues to expand its operations in Eastern Germany and diverse European countries. Today, EWE employs around 5,200 people. In 2005, the EWE Group recorded sales of €7.4 billion.
Lyse is an energy and communication company situated at the south-west coast of Norway. Its average annual hydro-power production is 5.6 TWh with an installed capacity of 1400 MW and a reservoir capacity of 5 TWh. Main products are electricity, gas, district heating and cooling, energy portefolio management, broadband, mobile phones- and internet services.
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