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Northern Ireland Electricity is planning to build a £38m converter station and associated buildings in Ballantrae. 16-Mar-2000 Northern Ireland Electricity has signed a £100m contract with Alcatel Kabel of Norway to lay a new interconnector between Northern Ireland and Scotland, involving 55km of underwater cable between Auchencrosh in Ayrshire and Islandmagee. 20-Dec-1999 Northern Ireland Electricity has invited tenders for the £150m construction project contract for the undersea electricity interconnector between Northern Ireland and Scotland, and work is due to start in the summer. 01-Apr-1999 Northern Ireland Electricity has won approval from the industry regulator for the £150m 35-mile undersea interconnector from Scotland, and construction contracts are expected to awarded by the middle of this year. 20-Jan-1999 Viridian, the holding company for Northern Ireland Electricity, is said to be planning a move into the Irish Republic through a joint venture with CRH, which will involve the construction of a new power station north of Dublin. 01-Sep-1998 Northern Ireland Electricity is setting up a new holding company called Viridian Group, which will be used to serve the whole of the Irish market and enable it to generate new earnings streams outside the control of the electricity regulator. 19-Nov-1997 Northern Ireland Electricity and United Utilities' Vertex Data Science subsidiary have failed to agree terms on the creation of a joint venture which was intended to offer billing, data management and training services in Ireland. 17-Oct-1997 ShopElectric, Northern Ireland Electricity's retail chain, is undergoing a management buy-in, in which a consortium led by 3i will pay £1m and then invest a further £9m in the business. 10-Sep-1997 Northern Ireland Electricity is linking up with Vertex Data Science to form an outsourcing company called Vertex (Ireland) which will offer data management and other services to NIE and other organisations. 30-Apr-1997 Northern Ireland Electricity is to cut domestic electricity prices by at least 8% from April 1st, while commercial customers will get reductions of up to 3%. 14-Mar-1997 Northern Ireland Electricity has reached an agreement with Nigen, the power generator, which will result in a 3% fall in domestic electricity prices, following criticism from Ofreg about the high prices in Northern Ireland. 06-Nov-1996 Northern Ireland Electricity is to get a £16m government subsidy to cut prices by 3%, as Northern Ireland prices are 23% higher than the UK average. 13-Mar-1996
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