Dutch-German transmission system operator, TenneT, has announced the partial termination of its contract with the Petrofac–Hitachi Energy consortium, covering Petrofac’s scope of work within its 2 GW Programme [involving 525 kV high voltage direct current (HVDC) systems]. The decision follows Petrofac’s continued financial restructuring and inability to meet contractual obligations. In March 2023, TenneT signed […]
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