Review of 2008: September

APX Group and Endex join forces

The electricity and gas exchanges APX Group and Endex signed a deal aimed at strengthening their positions in the wave of mergers taking place in the European wholesale energy market. This will result in new additional activities for the main shareholders in the APX Group, TenneT (70.06%) and Gasunie (26.1%), and will give the State of the Netherlands, shareholder in both TenneT and Gasunie, greater influence in the European energy trading sector.

Official opening of NorNed cable

On 11 September the NorNed cable was officially 'opened' simultaneously in the Netherlands and Norway. Minister of Economic Affairs Maria van der Hoeven officiated at the opening. We made the Guinness Book of World Records for the longest subsea electricity cable in the world.