- The project, spearheaded by Transmission Investment, is set to be privately financed.
- The interconnector will provide up to 700MW of additional capacity.
A transmission licence application has been made in Northern Ireland for a proposed new electricity interconnector, which aims to connect Northern Ireland and Scotland around the end of the decade.
The project, spearheaded by Transmission Investment, is set to be privately financed.
The interconnector is expected to enhance access to other electricity markets, reducing the likelihood of power outages.
Known as LirIC, the interconnector will provide up to 700MW of additional capacity between the Irish Integrated Single Energy Market and the GB wholesale electricity market. The project is estimated to cost £700 million.
LirIC Project Director, Transmission Investment, Keith Morrison, said: “This interconnector will help balance out the system so that power can be imported or exported according to market requirements.”
Martin Doherty of the Centre for Advanced Sustainable Energy stated: “This development is a key step on the path to providing Northern Ireland with the clean power to transform our economy over the next decades.”