Reference
Summary of the Subsea DC Transmission Project in UAE and Project Financing
○しろまる Summary of the Subsea DC Transmission Project in UAE
Shareholders  Domestic Investor: Abu Dhabi National Oil Company PJSC
(ADNOC), Abu Dhabi National Energy Company PJSC (TAQA)
 Overseas Investor: Kyuden Group (Kyuden International
Corporation, Kyushu Electric Power Transmission and
Distribution Company), Korea Electric Power Corporation,
Électricité de France
Main Contract  Transmission Agreement
Business Purpose  The purpose of business is to develop high voltage DC
transmission facilities (subsea cables and converter stations),
which will enable to provide electricity sourced by more
sustainable power generated onshore to two of ADNOC’s
offshore production facilities, and ensure cleaner energy
supply for 35 years in accordance with the Transmission
Agreement.
 The project will contribute to a significant reduction in CO2
emissions from ADNOC’s offshore production operations.
Commercial
Operation Date
 In 2025
○しろまる Summary of the Project Financing
The loan agreement on the project financing for over US$ 3 billion was reached with Export Credit
Agencies and Commercial Banks.
Export Credit
Agencies
 Japan Bank for International Cooperation
 Export-Import Bank of Korea
Commercial Banks  Mizuho Bank
 Sumitomo Mitsui Banking Corporation
 BNP Paribas Fortis
 Standard Chartered Bank