The line will close the “Randsted 380” extra high voltage electricity transmission ring and will help connect offshore wind farms.
The European Investment Bank (EIB) is providing a EUR 450M (£387M) loan to Dutch electricity grid operators TenneT to construct a high voltage transmission line between the Hague and Rotterdam.
Completion of the high-voltage link will improve international electricity links between the Netherlands and France, Belgium, the United Kingdom and Germany and is essential for the proper functioning of both the electricity network and supply system.
The 83km 380kV line will cater for the predicted electricity demand around Amsterdam, Rotterdam, The Hague and Utrecht, the four largest Dutch cities and the surrounding Randstad region, one of the most populated parts of Europe.
“Security of electricity supply and effective use of renewable energy from future North Sea wind farms will be improved significantly through completion of TenneT’s Randstad 380 transmission loop,” said European Investment Bank vice president responsible for lending operation in the Netherlands Simon Brooks.
“This scheme is vital for ensuring future security of supply in the Randstad. The European Investment Bank’s support for the project reflects the benefits both for Dutch electricity consumers and electricity markets in north-western Europe.”
The Randstad 380 kV electricity transmission scheme will include construction of three substations and a 83km link between Wateringen, 7km southwest of The Hague, and Beverwijk, 20km northwest of Amsterdam.
The first part of this new link is expected to be ready for operation in early 2013.
Over the last five years the European Investment Bank, the European Union’s long-term lending institution, has lent over £5.85bn for projects in the Netherlands. This includes £1.72bn for energy schemes, notably support for renewable energy, electricity transmission, gas and biomass projects. In 2010 the European Investment Bank provided £1.38bn for projects in the country.
Development and expansion of Trans-European Networks (TENs) is one of Bank’s key objectives. TENs are trans-European energy, transport and telecommunications networks essential for social and economic integration of the European Union.