Published by Global Banking and Finance Review
Posted on May 19, 2025
(Reuters) -The electrical interconnector between France and Britain, ElecLink, will be suspended for two weeks until June 2 due to a slight misalignment of the cable, Channel tunnel operator Getlink said on Monday.
The issue was detected in a limited area outside the tunnel in Britain, Getlink said in a statement, estimating the commercial impact of the suspension would be around 20 million euros ($22.4 million).
Operations at ElecLink, an underwater cable ensuring 1 gigawatt of electric capacity through the tunnel since 2022, had already been shut down last year after a fault was found in September.
The interconnector was brought back into service in February.
The current suspension has been implemented as a "precautionary measure" to carry out all necessary inspections and tests, Getlink said.
It had signalled a 69% year-on-year drop in quarterly revenue for ElecLink in April, owing to the five-month suspension of activity and the normalisation of energy markets.
($1 = 0.8945 euros)
(Reporting by Gianluca Lo Nostro in Gdansk; Editing by Milla Nissi-Prussak)
Explore more articles in the Finance category
