Samsung C&T’s Development Division introduced on Dec. 23 that it has signed an engineering, procurement, and development (EPC) contract for a high-voltage direct present (HVDC) community development challenge within the United Arab Emirates (UAE).
The community connects the UAE’s offshore oil manufacturing amenities and Abu Dhabi’s land energy community.
The challenge includes constructing energy changing stations (AC/DC conversion amenities) in two land areas close to Abu Dhabi and on two islands with marine oil-producing amenities, together with 1,000 MW and 600 MW submarine transmission networks. The transmission networks are 137-km and 122-km lengthy, respectively, from the land.
Samsung C&T will kind a consortium with Belgian development firm Jan De Nul to hold out the EPC work. The entire development price range is US$3 billion (3.5 trillion received), with Samsung C&T’s stake being US$2.27 billion (2.7 trillion received).
The challenge, awarded by Abu Dhabi Nationwide Oil Corp. (ADNOC), is the UAE’s first HVDC challenge. A consortium shaped by KEPCO of Korea, Kyushu Electrical Energy of Japan and EDF of France participates within the challenge with a 40 p.c stake.
Samsung C&T has expertise in varied energy era tasks similar to nuclear energy era amenities and the development of substations within the UAE. In reality, beginning with the Al Shuweihat S2 Mixed Thermal Energy Challenge within the UAE, the Korean contractor participated in a complete of 4 energy era facility tasks, together with the Barakah Nuclear Energy Plant, the 2nd part of Emal Mixed Thermal Energy Plant and Fujairah F3 Mixed Thermal Energy Plant. Particularly, it earned a excessive rating from the shopper with its large community with native UAE shoppers and understanding of the specificity of the UAE energy grid.
In the meantime, Samsung C&T introduced on the identical day that its cumulative order consumption within the development sector reached 12.5 trillion received in 2021, exceeding its annual order goal of 10.6 trillion received by almost 17 p.c. Abroad orders amounted to 7.3 trillion received, taking over 58 p.c of the whole.