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ScottishPower to invest £3 billion

ScottishPower has submitted proposals to the energy regulator Ofgem for a £3 billion investment in its electricity network in Scotland over the next 10 years.

Projects are set to include the connection of up to 5GW of renewable energy, helping Scotland to achieve its 2020 carbon reduction targets, and extensive upgrades to the electricity grid links between England and Scotland.

These projects could create around 1,500 new jobs over the next decade, the company said.

Frank Mitchell, CEO of ScottishPower Energy Networks, said: “We will be sitting down with contractors and suppliers to outline what we will need over the next decade to deliver this work, and to encourage them to invest in a new generation of workers as well.”

Scotland’s first minister Alex Salmond said: “These plans will create hundreds of new jobs and underline the company’s commitment to Scotland, as we work together to pursue a low carbon future for these islands and Europe.”

In order to support Scotland’s ambition to generate the equivalent of 100 per cent of its own electricity demand from renewable resources by 2020, ScottishPower has proposed to invest significantly in the power lines and cables that are needed to support their connection to the grid.

 

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