Financial Other

On or around 1 December 2025, Danish energy news outlet EnergiWatch reported a ~668 million DKK (~EUR 90M) budget increase and a delivery delay to June 2028 on the 132 kV Lolland og Sydsjælland fase 3+4 programme, which includes the ORH-VONØ cable link as one of its subprojects. The reported overrun is programme-level (spanning cables, substation upgrades at ORH and VONØ, civil works, and contingency) rather than a single-contract overrun — context: the ORH-VONØ cable procurement alone (Zhongtian cable supply at EUR 20.06M ≈ 150m DKK + JD Contractor offshore works at EUR 10.90M ≈ 81m DKK, total ~230m DKK) is about one-third of the 668m DKK reported increase. The same EnergiWatch article also reports that GE Vernova has invoked termination rights on certain agreements affecting the programme; the specific scope is not disclosed in the available extract and has not been independently verified, so no separate event has been created for that item. Sourced from secondary trade press (EnergiWatch, paywalled); the underlying Energinet announcement and budget documentation have not been independently verified. Recorded as financial_other because it represents a material change to the financial envelope of an already-financed programme rather than a new FID or capital support award. Flag for follow-up via Energinet annual report / LUP25.