Higher steel prices increase project costs in DESFA’s development plan

Gas grid operator DESFA’s latest development plan, covering 2022 to 2030, includes project cost increases as a result of higher steel prices in international markets, sources have informed.

The plan, carrying national-grid upgrade, reinforcement and expansion projects, is expected to be forwarded to RAE, the Regulatory Authority for Energy, within October.

It will then undergo two rounds of public consultation procedures, the objective being for RAE to have approved the development plan by the end of the year.