Fifth OFTO reaches financial close

10 July 2012 Transmission Capital Partners has reached financial close on the Ormonde offshore Transmission Owner (OFTO) project.
International Public Partnerships (INPP) will invest all of the capital required for the investment, totalling £115m.

“INPP is delighted to be investing in this further offshore transmission asset and deploying further capital in the OFTO sector which we see as an appealing addition to our portfolio,” said INPP chairman Keith Dorrian.

It is the fifth OFTO scheme to reach financial close and the fourth to be closed by the consortium, which is comprised of INPP, Amber Infrastructure and Transmission Capital.

Transmission Capital Partners is also preferred bidder on the Lincs OFTO scheme, which is scheduled to close in the final quarter of this year, while it has been shortlisted on a further two projects.

For more information on the Ormonde scheme, click here.

This page was last updated on:
14 October 2016.


Pressure cooker

The Chancellor looks increasingly likely to move away from the big projects of recent years in his upcoming Autumn Statement, but will he release the valve on the pent-up demand?

Taking the Leeds

Paul Jarvis talks to Tom Riordan, chief executive of Leeds City Council, about what the Northern Powerhouse means to the city


Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...