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OSLO, Dec 19 (Reuters) - NorthConnect, owned by three Norwegian power firms and Sweden's Vattenfall, will seek permission to build a power link from Norway to Britain costing up to 2 billion euros ($2.09 billion), its chairman Odd Oeygarden told Reuters.
Britain faces an energy supply crunch by the early 2020s as coal-fired power stations close and its oil and gas production declines, and building interconnectors could help fill the expected gap.
With a capacity of 1.4 gigawatt (GW), NorthConnect's 650-kilometre subsea cable could meet about a quarter of Scotland's peak demand with power from Norwegian hydroelectric dams and wind turbines. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik and Louise Heavens)