on GETLINK (EPA:GET)
Temporary interruption of ElecLink operations
Getlink has announced an update on the ElecLink electricity interconnector, linking France and Great Britain. Initially suspended due to a malfunction, activity will resume on 2 December. Repair work is progressing well, but an additional two weeks of shutdown has been decided to finalise repairs and carry out tests. This extended suspension will have an estimated commercial impact of €13 million.
Despite this disruption, Getlink maintains its EBITDA target for 2024. The ElecLink interconnector, installed in the Channel Tunnel, plays a crucial role in balancing energy needs between the two countries. The group remains focused on managing this event in order to minimise the financial consequences.
R. P.
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