From Nasdaq: 2024-12-18 02:41:24

National Grid plc announced its RIIO-T3 business plan for National Grid Electricity Transmission, with a record investment of up to 35 billion pounds from April 2026 to March 2031. Over 11 billion pounds will go towards maintaining and upgrading existing networks and building three approved Accelerated Strategic Transmission Investment projects. Another 24 billion pounds will be used to increase network capacity, including 14 confirmed ASTI projects. The plan aims to support the UK’s investment goals and create 55,000 new jobs by 2030. National Grid will engage with stakeholders before Ofgem’s draft determinations in 2025.



Read more at Nasdaq: National Grid Announces GBP 35 Bln Investment In RIIO-T3 Plan