Prysmian Group has been awarded a contract for laying submarine cables for the already secured Project Lighting HVDC 320 kV interconnection project in the UAE (awarded to Prysmian under a limited notice to proceed last January 2022 by Samsung C&T as part of its EPC consortium with Jan De Nul Group, the initial contract was worth €220 million). Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) announced the successful financial closing of their strategic project to power and significantly decarbonise ADNOC’s offshore production operations on September 23, 2022.
The main purpose of this new HVDC link is to replace the ADNOC’s current offshore power with a green onshore power source, reducing its environmental impact and CO2 emissions, and supporting its objective to decarbonise its offshore production operations.
Offshore installation operations will be performed by the Group’s cutting-edge DP cable-laying vessel Leonardo da Vinci, with the shallow water activities being performed by the Group’s advanced cable-laying barge Ulisse. The state-of-the-art Leonardo da Vinci vessel will ensure time efficiency and CO2 emission reduction, further confirming the Company’s ability to execute complex and complete installation projects.
Under the ADNOC Lightning Project, Prysmian will design, supply, assemble and test a symmetrical monopole system consisting of four HVDC 320 kV single-core cables with XLPE insulation, along with fibre optic cable systems, that will connect the Al Mirfa onshore converter station to Al Ghallan, an artificial offshore island in the Arabian Gulf, located off the Abu Dhabi coast, in the United Arab Emirates. The project comprises a subsea route of approximately 134 km of submarine HVDC cables and onshore routes located at Al Mirfa and Al Ghallan Island totalling approximately 3.5 km of HVDC land cable route. The commissioning of the project is scheduled for 2025.
Image source: Courtesy of Prysmian Group
Driven by the increasing 5G adoption, Chinese service providers’ mobile service revenue and reported mobile (non-IoT) ARPU have all achieved year-on-year (YoY) growth in 2022. China Telecom reported an increase of 3.7% in its mobile service revenue; China Unicom’s mobile service revenue saw a YoY increase of 3.6%; while China Mobile’s mobile service revenue also increased by 2.5% YoY.
Owing to the digital transformation demand from various state-owned enterprises, cloud services are also considered a growing business for Chinese service providers.
“Omdia recommends that Chinese service providers innovate more applications through the integration of cloud and the 5G network. This will be vital to enable the digital transformation of various industries and the acquisition of new revenue streams,” concludes Zhao.