Getlink: Technical Interruption to ElecLink Operations – Update Following Investigations
2024年10月7日 - 4:30AM
ビジネスワイヤ(英語)
Regulatory News:
Getlink SE (Paris:GET):
As indicated in our communication on 26 September, a fault was
detected on the ElecLink electrical interconnector between the UK
and France, leading to a suspension of activity.
The investigations into the incident have enabled the
identification of the fault, linked to the deterioration of the
structure which supports the cable, outside the Tunnel in France.
The detailed plan for necessary repair works is currently being
developed.
The current estimated duration of the works is 6 weeks, bringing
the date for re-entry into service to 16 November. This date will
be confirmed as soon as the repair plan has been finalised.
The suspension of activity up to 16 November will have a
commercial impact estimated at approximately €46 million
euros1.
About Getlink
Getlink SE (Euronext Paris: GET), through its subsidiary
Eurotunnel, is the concession holder until 2086 for the Channel
Tunnel infrastructure and operates Truck Shuttles and Passenger
Shuttles (cars and coaches) between Folkestone (UK) and Calais
(France). Since 31 December 2020 Eurotunnel has been developing the
smart border to ensure that the Tunnel remains the fastest, most
reliable, easiest and most environmentally friendly way to cross
the Channel. Since it opened in 1994, close to 500 million people
and more than 102 million vehicles have travelled through the
Channel Tunnel. This unique land link, which carries a quarter of
trade between the Continent and the United Kingdom, has become a
vital link, reinforced by the ElecLink electricity interconnector
installed in the Tunnel, which helps to balance energy needs
between France and the United Kingdom. Getlink completes its
sustainable mobility services with its rail freight subsidiary
Europorte. Committed to "low-carbon" services that control their
impact on the environment (through its activities, the Group avoids
the equivalent of 1.9 million tonnes of CO2 per year), Getlink has
made the place of people, nature and territories a central
concern.
https://www.getlinkgroup.com
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1 Estimated commercial impact, composed of
the contracted revenues for the period going from 25 September to
15 November 2024, that will not be delivered representing 36
million euros, the short-term capacity auctions revenues that could
have, based on current market spreads, generated 2 million euros
and the costs and penalty risks (in particular related to capacity
markets rules) related to the suspension of the activity for 8
million euros. These elements do not take into account the
profit-sharing mechanism provision.
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version on businesswire.com: https://www.businesswire.com/news/home/20241006104257/en/
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