Vinci Gets EUR300 Million France-Spain Power-Exchange Contract

   By Joshua Kirby 
 

Vinci said Thursday that a consortium including two of its businesses won a contract for an electrical interconnection between France and Spain that will bring them some 300 million euros ($325.1 million.)

The contract to build two electrical energy converter stations was won by a consortium comprising Vinci Energies, Vinci Construction and Hitachi Energy, the French conglomerate said.

The stations will transform alternative current into direct current, and will be connected via an undersea cable between the two countries, enabling energy exchange between them, Vinci said.

The two Vinci businesses will be paid around EUR300 million for the design and construction of the stations, which should be delivered in 2028, the company said. The contract was awarded by Electricity Interconnection France-Spain, a joint venture bringing together the two countries' respective electricity-network operators.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

June 15, 2023 03:16 ET (07:16 GMT)

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