Samsung C&T Wins 3.5 Trillion KRW UAE Ultra High Voltage Direct Current Transmission Project

Samsung C&T Overseas Orders Exceed 7 Trillion Won This Year
Total Orders Reach 12.5 Trillion Won... Surpassing Target

UAE Ultra High Voltage Direct Current (HVDC) Submarine Transmission Network Location Map (Photo by Samsung C&T)

Samsung C&T has secured a large-scale project worth 3.5 trillion KRW in the United Arab Emirates (UAE).

On the 23rd, Samsung C&T’s construction division announced that it had signed an EPC (Engineering, Procurement, and Construction) contract for the construction of an ultra-high voltage direct current (HVDC) transmission network connecting offshore oil production facilities in the UAE with the onshore power grid in Abu Dhabi.

This project involves building power conversion stations (AC/DC conversion facilities) at two onshore locations near Abu Dhabi and two offshore islands with marine oil field facilities, along with the construction of submarine transmission networks with capacities of approximately 1000MW and 600MW. The transmission lines extend 137 km and 122 km from the shore, respectively.

Samsung C&T will form a consortium with the Belgian construction company Jan De Nul to carry out the EPC work. The total contract value is 3 billion USD (3.5 trillion KRW), of which Samsung C&T’s portion amounts to 2.27 billion USD (2.7 trillion KRW).

Commissioned by Abu Dhabi National Oil Company (ADNOC), this project is the UAE’s first HVDC project, where a private sector entity holds a 40% stake and establishes a special purpose vehicle to advance the project.

The project model involves the operator owning and operating the facility for a certain period before transferring ownership back to ADNOC. A consortium led by Korea Electric Power Corporation (KEPCO), including Kyushu Electric Power (Japan) and EDF (France), participated in the bidding and was finally selected as the private sector operator.

Samsung C&T succeeded in winning this project through a competitive bid proposal based on its experience in various power generation projects, including nuclear power plants, and substation construction in the UAE.

The company was highly evaluated for its extensive network with local UAE clients and its deep understanding of the unique characteristics of the UAE power grid.

A Samsung C&T official said, "Through this contract, we have expanded our business scope to include ultra-high voltage direct current transmission networks (HVDC) linked with power plant and substation construction. We plan to further expand participation in transmission projects connected to renewable energy generation and inter-country power grid connections."

This year, Samsung C&T has secured overseas orders exceeding 7 trillion KRW, including a 1.85 trillion KRW LNG export terminal in Qatar, the third terminal construction at Taiwan Airport (1.24 trillion KRW), and a Singapore subway construction project (500 billion KRW). The cumulative order amount for this year reached 12.5 trillion KRW, surpassing the annual order target of 10.6 trillion KRW.

This content was produced with the assistance of AI translation services.