wiredInUSA June 2020

Trading partnership

HVDC first for Abu Dhabi

Image courtesy of Cimteq

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) have issued a joint tender to develop and operate the Middle East and North Africa (MENA) region’s first HVDC subsea transmission system. The system would connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid, and reduce the carbon footprint of ADNOC’s offshore facilities by up to 30%. The transmission system will comprise two independent subsea HVDC links and converter stations, operated by ADPower’s Transco unit, to provide a total installed capacity of 3,200MW. The project offers the potential for ADNOC to utilize its rich gas, currently used to power the offshore facilities, and the partners are seeking international companies with experience in similar infrastructure projects. The project funding will go through a special purpose vehicle, jointly owned by ADNOC (30%), ADPower (30%) and selected developers and investors (40%). The successful bidders, alongside ADNOC and ADPower, will develop and operate the transmission system. Commercial operation is scheduled to begin in 2025.

Software developer Cimteq and Toho International Inc have entered into a strategic partnership to launch Cimteq’s CableBuilder into the Japanese market. Toho International is a trading company that specializes in importing advanced technologies from global suppliers to Japanese wire and cable manufacturers. Koji Yamashita, deputy division director at Toho International, commented: “We [soon] recognized the value that CableBuilder provides. Through its accurate design and costing, integration with ERP, quick quotations, automated datasheets, and 2D and 3D drawings, it can have a massive impact on businesses in Japan. We are delighted to add this technology to our portfolio.” Mike Braddock, CEO at Cimteq, added: “We identified Toho International as a complementary partner for us, which would enable us to deliver substantial benefits to customers in Japan. We are utilizing Toho’s strengths and close links in the market, combined with our software expertise.”

wiredInUSA - June 2020

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