Friday, June 2 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of May 29
Week of May 22
Week of May 15
Week of May 08
Week of May 01
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Investment of 111 billion euros required for expansion of electricity grid operator

    March 15, 2023 - Financial Services Monitor Worldwide


      Dutch electricity transmission system operator TenneT will require investments of 111 billion euros over the next decade to expand and modernise its grid infrastructure in Germany and the Netherlands, business daily Handelsblatt reports. Chief financial officer Arina Freitag told the newspaper this was the task of the century and explained that about 60 percent of the costs would fall in Germany and about 40 across the border in the Netherlands. Having made a record investment of 4.5 billion euros in grid expansion in 2022, the grid operator wants to almost double this value and increase investment to at least 8 billion euros per year over the next decade. According to the TSO, total investments in Germany since 2011 stand at over 21 billion euros.

      The German government is currently in talks with the TSO to acquire a majority stake, or even all, of the German subsidiary for more than 20 billion euros. The country's power grid is in urgent need of comprehensive modernisation and expansion, especially to transmit wind power generated in the north to industrial centres in the south. However, many of the new lines are behind schedule because of long planning procedures. The German government is considering merging the country's four TSOs into a single German Grid Corporation.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.