Nicola Medalova
Nicola Medalova
Managing director, National Grid Interconnectors
National Grid

Nicola started her career in local government, managing contaminated land remediation and industrial regeneration projects. After a time she moved on to regulating such projects in a senior role within a local authority planning department. Later she became involved in health and safety regulation and she remains a chartered health and safety enforcement officer.

Nicola joined National Grid in 2007 and led its Commercial Property Business. This involved delivering large capital projects to return former gasworks and gasholder sites to beneficial use, as well as the creation of joint ventures with housebuilders and other developers to maximise returns. She has also led Gas and Electricity Transmission Customer Connections and Electricity Market Change.

In addition to shaping the commercial and technical frameworks that govern the electricity industry, the latter role saw her commence a comprehensive review of how transmission and distribution companies in the UK recover revenues and how the cost is apportioned between system users. 

Between 2017 and 2021, Nicola led National Grid’s Electricity Construction team, delivering some of the nation’s most important major infrastructure projects to maintain the electricity transmission system and connect new generation that will deliver the UK’s net zero targets.  Nicola was responsible for a portfolio of c.£15bn of complex major projects, in addition to c.£0.5bn annually of smaller projects. 

Nicola is now the Managing Director of National Grid Interconnectors, responsible for business development, construction and operation of a fleet of subsea electricity cables connecting the GB electricity grid to the grids in mainland Europe. The 6.4 GW of operational Interconnectors is currently being expanded to 7.8GW as Viking Link is completed between GB and Denmark, the longest subsea Interconnector in the world.

Outside of work, Nicola is a passionate advocate of social mobility and works hard to create opportunities for young people from socially or economically disconnected backgrounds to realise their potential.  She is also relentlessly passionate about wellbeing and suicide prevention in Construction, leading a forum of principal contractors working together to provide support for construction workers and improve working environments.