PARIS (Agefi-Dow Jones) – EDF announced on Thursday that it had won an electricity transmission contract in the United Arab Emirates in partnership with KEPCO and Kyushu Electric Power.
The consortium, which will hold a combined 40% stake in the project, will develop and operate the 3.2 gigawatt transmission system over a 35-year period alongside ADNOC, the Abu Dhabi oil company, and the ‘TAQA electrician.
Together, they will develop an underwater high voltage direct current transmission system (HVDC-VSC) to connect ADNOC’s offshore oil production activities to the onshore power grid and reduce its carbon footprint.
The start of work is scheduled for 2022, and commercial operation in 2025. The amount of this contract is set at 3.6 billion dollars (about 3.2 billion euros), said EDF.
-François Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: JXM
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December 23, 2021 04:40 ET (09:40 GMT)