Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have announced the financial closing of their 3.2 GW Offshore Transmission Network in the MENA region, UAE.
The project involves the development of a transmission network that comprises two independent sub-sea high-voltage direct current (HVDC) links and converter stations. The system is being developed by a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Électricité de France (EDF) on a build, own, operate and transfer (BOOT) model. The KEPCO-led Consortium collectively holds a 40% stake in the project whereas ADNOC and TAQA each own a 30% stake.
The project received a combined investment of US$3.8 billion from KEPCO-led Consortium, commercial lenders and Export Credit Agencies.
The development is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30%, replacing existing offshore gas turbine generators with more sustainable power sources. The commercial operation of the project is anticipated in 2025.
The Emirates Water and Electricity Company (EWEC) has launched an Expression of Interest (EOI) for the development of the Reverse Osmosis (RO) Independent Water Project (IWP) in Abu Dhabi Islands, UAE.
Read moreThe Emirates Water and Electricity Company (EWEC) and Abu Dhabi Waste Management Center (Tadweer) in the UAE have launched an RFP to pre-qualified companies for the development of a greenfield Waste-to-Energy (WtE) Independent Power Project (IPP).
Read moreThe Emirates Central Cooling Systems Corporation (Empower) has signed an agreement to acquire the district cooling systems of Dubai International Airport.
Read moreThe Abu Dhabi Investment Office (ADIO), in collaboration with the Department of Municipal and Transport (DMT), has announced a list of pre-qualified nine companies for the Road Lighting LED Phase 2 PPP project in the United Arab Emirates.
BESIX has achieved Financial Close on the Dubai Waste-to-Energy project, a USD 1.2 billion public-private partnership.
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