We hereby report to you on the status of the launch of the CWE price coupling combined with the CWE-Nordic Interim Tight Volume Coupling (ITVC).
On behalf of the project partners, we would like to report the following:
1. The combined CWE-ITVC launch is targeted on November 9 2010;
2. We have agreed that a last testing is needed. Subject to successful five days end to end final testing from Sunday October 31 to Thursday November 4, a final go / no-go decision will be taken on Nov 5,
3. In case of a no-go decision next Friday, the parties have already agreed to the fall-back launch date of November 30 or December 7 2010 to be determined as early as possible, subject to regulatory acceptance.
The testing phases of step 2 including NorNed cable are impacted by this revised Step 1 planning. This is expected to have implication for the launch date of step 2 which now will be at the latest 18 January 2011, subject to satisfactory completion of testing.
We will come back to you with the status on 5 November 2010.
Lysaker, 29. October 17:25 CET
For more information, contact
Hans Randen, director trading, +47 67 10 91 70