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 through ADNOC & AD Power (read more)
The joint tender installs to develop and operate the region’s first high-voltage, direct current (HVDC), sub-sea transmission system, that will link to ADNOC’s offshore production facilities to ADPower’s onshore electricity grid using state-of-the-art technology.
The transmission system will include two independent sub-sea HVDC transmission links and converter stations that will connect to ADPower’s onshore electricity grid operated through its subsidiary, Abu Dhabi Transmission and Dispatch Company, TRANSCO and supply a total installed efficiency 3,200 megawatts. Commercial operation is guessed in 2025. This value of the capital project will be funded by a special purpose vehicle jointly owned through ADNOC (30 percent shares), ADPower (30 percent shares), and the selected developers and investors (40 percent shares).
The project is to be performed on a build, own, operate, and transfer (BOOT) basis. The successful bidders, alongside ADNOC and ADPower, will construct and operate the transmission system, with the full project being delivered to ADNOC at the end of the transmission agreement.
The project is hoped to reduce the carbon footprint of ADNOC’s offshore facilities by up to 30 percent through ADPower’s capacity onshore power production. It also offers power supply cost optimization potential for ADNOC’s offshore facilities and will drive operational efficiency and system stability by replacing the existing offshore localized gas turbine generators with different, more efficient, and environmentally sustainable sources of energy, including renewable and nuclear power.