France, Spain to set up joint electricity grid
Jan 11, 2008 - MENAFN
France and Spain agreed to set up a
joint electricity grid company to share high-speed
voltage across the Pyrenees, AP reported.
French power-grid operator RTE, a unit
of Electricite de France, and Spain's Red Electrica
de Espana SA will each hold 50 percent of the venture,
French President Nicolas Sarkozy and Spanish Prime
Minister Jose Luis Zapatero announced after a summit
in Paris.
Spain has sought better access to France's
electricity grid for years. France enjoys a steadier
supply of electricity thanks to its extensive nuclear
plant network.
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