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Scottish Hydro-Electric

Scottish Hydro-Electric and National Grid have unveiled proposals for a £700m subsea electricity link between Peterhead and County Durham by 2018, in order to distribute energy from a number of wind and tidal projects.

Scottish Hydro-Electric is to recruit up to 200 staff in Aberdeen, Inverness, Perth and Dundee, following the launch of a new contracting company to carry out street work contracts.

Scottish Hydro-Electric is to merge with Southern Electric, to create a £4.8bn group based in Perth called Scottish & Southern Energy.