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Monday, November 4, 2013

Iceland, United Kingdom:

Iceland-U.K. Subsea Power Cable Sees ‘Strong’ Investor Interest (Bloomberg)

A plan for an undersea power cable to connect the British and Icelandic grids is attracting “strong” investor interest, Charles Hendry, a U.K. lawmaker and former energy minister who promoted the project, said November 1 in London.

“There’s no doubt in my mind that in Britain the political will is there, so if there is a political will in Iceland, we want to work together,” he told an Iceland energy conference.

The project offers low-risk, predictable returns attractive to institutional investors including pension funds and the U.K. is preparing to change policies needed for the cable, he said.

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