NKT Holding A/S
NKT Cables awarded offshore order worth DKK 595m

NKT Holding A/S 

16.12.2014 12:06

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
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Nasdaq Copenhagen
Nikolaj Plads 6
DK-1007 Copenhagen K

16 December 2014
Announcement No. 18

NKT Cables has been awarded the order for delivery of export cable systems to
the Race Bank Offshore Wind farm by DONG Energy. 

The order is NKT Cables' 11th large offshore wind farm project since 2010 where
the company first started production of submarine cables. 

For NKT Cables, the order will have a contract value of approximately DKK 595m
(approx. EUR 80m) in standard metal prices (approx. DKK 640m in market prices)
and comprises supply of more than 150 kilometers of 220 kV high voltage
submarine cables. The cables are to be manufactured in Cologne, Germany, with
the first phase delivered ready for installation in 2016. The second and last
phase is to be delivered ready for installation in 2017. The order is
conditional upon DONG Energy making a final investment decision for the
offshore wind farm. 

- The award of the Race Bank project underlines that our technology, expertise
and state of the art facilities in Cologne and Rotterdam is well acknowledged
by the utilities. The order is a recognition of our position as a highly
reliable cable manufacturer and partner for large offshore projects, says
Michael Hedegaard Lyng. 

The Race Bank Project is a large offshore wind farm to be placed in the
southern North Sea, 27 km north of Blakeney Point off the coast of Norfolk. The
offshore wind farm will have a capacity of up to 580 MW. 

Please address questions regarding the above to the undersigned on telephone
+45 4348 2000. 

Yours sincerely

NKT Holding A/S
Michael Hedegaard Lyng
Group Executive Director & CFO
News Source: NASDAQ OMX



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Language:     English
Company:      NKT Holding A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010287663
WKN:          
 
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