View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Comment
July 10, 2020updated 16 Jul 2020 9:51am

Offers submitted for Abu Dhabi power project

By MEED   

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company (TAQA) have received at least six non-binding offers (NBOs) for the contract to develop and maintain a high-voltage, direct current (HVDC) subsea transmission system power project.

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

Firms that are understood to have submitted an offer on 2 July include:

  • Kansai Power (Japan)
  • State Grid Corporation of China (China)
  • Vision Invest (Saudi Arabia) / Elia (Belgium)
  • China Southern Power Grid (China)
  • Kepco (South Korea) / EDF (France) / Kyuden International (KIC) (Japan)
  • Terna Plus (Italy)

The binding offers are expected to be submitted on 30 September.

The transmission system will connect Adnoc’s offshore production facilities to TAQA’s onshore electricity grid.

It will provide a total installed capacity of 3,200MW and will be executed on a build, own, operate and transfer (BOOT) basis. Commercial operation is expected in 2025.

Region’s first

The planned project is understood to be the first sub-sea power transmission network in the Middle East.

The transmission system will comprise two independent sub-sea HVDC transmission links and converter stations that will connect to TAQA’s onshore electricity grid with its subsidiary, Abu Dhabi Transmission & Despatch Company (Transco).

The project will be funded through a special purpose vehicle jointly owned by Adnoc (30 per cent), TAQA (30 per cent), and the selected developers and investors (40 per cent).

The successful bidders, alongside Adnoc and TAQA, will develop and operate the transmission system, with the full project being transferred to Adnoc at the end of the transmission agreement.

MEED understands UK-based Mott Macdonald is providing technical consultancy services for the project.

Carbon footprint reduction

The project is expected to reduce the carbon footprint of Adnoc’s offshore facilities by up to 30 per cent through TAQA’s onshore power production, a joint statement issued in April said.

It offers “power supply cost optimisation potential for Adnoc’s offshore facilities by replacing the existing offshore localised gas turbine generators with diverse, more sustainable sources of energy, including renewable and nuclear power”.

The project also offers the potential for Adnoc to more effectively utilise its gas – currently used to power the offshore facilities – for higher-value purposes, allowing it to generate additional revenue for Adnoc and Abu Dhabi, the statement pointed out.

This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here.

Related Companies

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology