Oslo. SACE and SIMEST (Cassa Depositi e Prestiti group) and BNP Paribas Corporate & Institutional Banking (CIB) announced the finalisation of an export financing of $ 519 million in favour of National Grid North America, a subsidiary of National Grid PLC, the principal provider of electricity and gas grids in the UK, in support of the work and supplies commissioned by Prysmian as part of the international project North Sea Link (“NSN Link”). The project, worth a total of € 2 billion, involves the construction of submarine 1,400 MW capacity electrical interconnections between the UK and Norway. Once completed, its 730 kilometres will represent the longest infrastructure of this kind in the world. (9Colonne)
