Advisory Services on the Structuring and Financing Tender, USA - 107086193

Procurement Summary

Country : USA

Summary : Advisory Services on the Structuring and Financing

Deadline : 26 Sep 2024

Other Information

Notice Type : Tender

TOT Ref.No.: 107086193

Document Ref. No. : 0002011305

Financier : World Bank (WB)

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

The Black Sea Submarine Cable (BSSC) Project aimsto build an electricity and digital fiber-optic interconnection between theSouth Caucasus and the EU, with landing points in Georgia and Romania. The BSSCProject would include a high-voltage direct current (HVDC) line with anenvisaged capacity of up to 1, 300 MW along with a separate fiber-optic cable.The interconnection would stretch for an estimated 1, 200 km, of which about1, 100 km would be via a submarine cable system at a depth of up to 2, 200 m (oneof the longest and deepest submarine cable systems in the world). The BSSCwould cross the Exclusive Economic Zones (EEZ) of Georgia, Türkiye, Bulgaria, and Romania. According to the latest estimates, the Project cost would be inthe range of EUR3.2-3.6 billion for a 1, 300 MW power cable system and thefiber-optic cable (with the power cable representing about 97% of the cost).The World Bank is currently supporting Georgiain the preparation of the through a multiphase program called Enhancing EnergySecurity through Power Interconnection and Renewable Energy, or ESPIRE (theProgram Document can be found under this Link), approved on May 21, 2024. The EU has also taken a keen interest in the BSSCProject, and an agreement that expresses the intent to cooperate on a greenenergy corridor comprising, among others, the BSSC Project, was signed amongGeorgia, Azerbaijan, Romania, and Hungary (Link). Theagreement established intergovernmental institutions to advance common projectssuch as the BSSC Project in the form of a Steering Committee and a TechnicalWorking Group. Discussions are ongoing with additional countries who haveexpressed interest to participate in green energy corridor, including Armeniaand Bulgaria. In July 2023, theGovernments of the four countries signed an MoU on the future establishment ofa joint venture (JV) among representative companies of the countries for thepreparation of the green energy corridor projects, including the BSSC Project.Accordingly, on May 27, 20...

Documents

 Tender Notice