Spie: contract in Germany

(CercleFinance.com) - The French engineering group Spie announced on Thursday that it had been awarded the turnkey installation of a transformer station for TransnetBW, an electricity transmission network operator.


This new 380/110 kV infrastructure is intended to stabilise the power supply to the municipality of Kehl, a town close to Strasbourg.

It is one of six stations to be modernised, expanded or newly built as part of a major program to increase the transmission capacity of the network in the state of Baden-Württemberg along the Rhine.

Construction is scheduled to begin in January 2022, with commissioning planned in the first quarter of 2024.

Spie shares are currently down slightly (-0.3%) in Paris.



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