Jul 2, 2008 - Thomson Financial PARIS (Thomson Financial) - French grid operator RTE and its British counterpart, National Grid, said they will spend 70 million euros upgrading the high-voltage power line between France and the UK. As part of the maintenance, the grid operators said they have awarded a contract to Areva (other-otc: ARVCF.PK - news - people ) to replace the valves that convert the different currents used in the two countries. During the maintenance work, scheduled for April-May 2010 and April-May 2011, the power line will run on 50 percent capacity for a total of seven weeks, the companies said. RTE is a division of French state-owned electricity group EDF. tfn.paris@thomsonreuters.com gt/wj Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. |
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