Russia's United Power to file new application for Russia-Finland undersea cable |
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Published
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Fri, 02 Mar 2007 08:54
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HELSINKI (AFX) - Russia's United Power is preparing to lodge a fresh application for an undersea electricity cable between Russia and Finland after having an earlier proposal rejected, business daily Kauppalehti reported citing the company.The company, controlled by Russian state-owned nuclear power group Rosenergoatom, may ask the government for permission to lay an undersea cable with a capacity of up to 450 MW.An application for a 1,000 MW cable was turned down by Finland late last year on the grounds that it would undermine the country's plans to become more energy self-sufficient.'An approximate 250-450 MW cable from Russia to Finland would, as far as I understand, fit within the requirements that the ministry has proposed,' Kauppalehti quoted United Power head Andras Szep as saying.United Power is also mulling an alternative plan for a land electricity cable that would run between Vyborg and Lappeenranta, the paper said.james.etheridge@afxnews.comje/lamCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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