UAE’s, The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) received the bidders proposals for joint tender, subsea power transmission network.
The Project is known to be a first of its kind , in the Middle East & North Africa (MENA region).
Following bidders submitted the proposals:
- Elia Grid International SA, Belgium
- Kansai Electric Power Company, Japan
- Korea Electric Power Corporation,South Korea
- State Grid Corporation of China, China
- Southern Power Grid
- Terna, Italy
The tender was issued during April 2020 by ADNOC & AD Power (read more)
The joint tender sets out to develop and operate the region’s first high-voltage, direct current (HVDC), sub-sea transmission system, that will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid using state-of-the-art technology.
The transmission system will comprise two independent sub-sea HVDC transmission links and converter stations that will connect to ADPower’s onshore electricity grid operated by its subsidiary, Abu Dhabi Transmission and Dispatch Company, TRANSCO and provide a total installed capacity of 3,200 megawatts. Commercial operation is expected in 2025.
This significant capital project will be funded through a special purpose vehicle jointly owned by ADNOC (30 percent stake), ADPower (30 percent stake) and the selected developers and investors (40 percent stake).
The project is to be executed on a build, own, operate and transfer (BOOT) basis. The successful bidders, alongside ADNOC and ADPower, will develop and operate the transmission system, with the full project being returned to ADNOC at the end of the transmission agreement.
The project is expected to reduce the carbon footprint of ADNOC’s offshore facilities by up to 30 percent through ADPower’s efficient onshore power production. It also offers power supply cost optimisation potential for ADNOC’s offshore facilities and will drive operational efficiency and system reliability by replacing the existing offshore localised gas turbine generators with diverse, more efficient and environmentally sustainable sources of energy, including renewable and nuclear power.
***
In order to receive email notifications regarding our updates, please subscribe us.
