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By Oliver Griffin
SSE PLC (SSE.LN) said Friday that it has completed the construction, commissioning and energization of the new Caithness-Moray electricity transmission link in Scotland, its largest-ever single investment.
The energy company said the total spend on the project is expected to be 970 million pounds ($1.24 billion), within an initial budget of GBP1.06 billion.
SSE said the transmission link was completed on time and within Ofgem's requirements.
The Caithness-Moray link provides up to 1.2 gigawatts of capacity to transmit power from the increasing sources of renewable energy from across the far north of Scotland, SSE said.
Write to Oliver Griffin at email@example.com; @OliGGriffin
(END) Dow Jones Newswires
January 11, 2019 06:49 ET (11:49 GMT)
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