Bidding to start for £700m Irish sea interconnector work
Bidding to start for £700m Irish sea interconnector work
Firms have been put on alert for key work packages on the planned £700m sub-sea electricity interconnector between Northern Ireland and Scotland.
Invitations to bid for work on the LirlC Interconnector project are due out shortly for key awards in November.
The project being developed by Transmission Investment will provide up to 700 MW of capacity between the Irish Single Electricity Market and the British wholesale electricity market.
Main LirIC work packages
Lot A1: £353m
Two HVDC converter stations at Hunterston and Kilroot.
Lot A2: £100m
Converter Station civils and building works
LOT B1: £245m
Cables offshore and onshore (two sites)
This will include the subsea cable, landing and underground cables to the converter stations, route 140km. Design, supply, installation, testing and commissioning
Regulator Ofgem has recently awarded the project an ‘in principle’ cap and floor, which provides a guarantee of how much money the developer will make.
It gives the developers a minimum return (floor) and a limit on the potential upside (cap) for a 25-year period.
The project is targeting a financial close in autumn 2027.
Applications are due back in April. Contact name: Brian Dunn, Telephone: 07985244657 Email: brian.dunn@tinv.com
Ofgem has approved a total of five interconnection projects, expected to add between £2 to £5 a year on individual consumer electricity bills in Britain over the years 2030 to 2055.
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