LirIC HVDC Interconnector - Financial Advisory Service

{
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  "date": "2026-01-23T12:05:11Z",
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    "name": "TI LirIC Limited"
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      "date": "2026-01-21T00:00:00+00:00",
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      "title": "LirIC HVDC Interconnector - Financial Advisory Services",
      "value": {
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        "amountGross": 6800000
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  "tender": {
    "id": "TI-ITT00010 - LirIC - FA",
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    "title": "LirIC HVDC Interconnector - Financial Advisory Service",
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    "description": ".\nPrevious publications: UK4: Tender notice. Notice identifier: 2025/S 000-048267.\nTI LirIC Limited is awarding a contract under competitive flexible procedure for the Financial Advisory Services in relation to the LirIC HVDC Interconnector Project located between Scotland and Northern Ireland (NI).\nScope is split into two lots:\nLot A. Debt Raising (Core).\nScope for the debt raising process is tabled below:\n1.Financing Prep & Bankability Review\n2.Regulatory Liaison\n3.Financial Model Update & Sensitivities\n4.Funding Plan (Cap & Floor Scenarios)\n5.Lender Search, Screening & Adviser Appointment\n6.Appointment of Lenders Advisers\n7.ECA Financing Strategy\n8.Debt Marketing Materials\n9.Data-Room Management\n10.Competitive Process & Mandate\n11.Investment-Committee Materials\n12.Documentation & Financial Close\n13.Post-Close Handover: Pack & Training\n14.Project Management, Governance & Reporting\nLot B. Equity Sell-Down or Capital Raise (Optional by election of TI).\nIf an equity sell-down or capital raise is pursued, scope is tabled below.\n1. Project Diligence and Equity Risk Review\n2. Financial Model Coordination and Case Development\n3. Investor Search and Screening\n4. Valuation and Discount Rate Calibration\n5. Marketing Material\n6. Data-Room Management\n7. Competitive Process and Bid Evaluation\n8. Investment-Committee Materials\n9. Negotiation Support\n10. Completion and Post-Close Handover\nThe LirIC HVDC Interconnector Project:\nTI LirIC Limited is engaged in the development of a 700MW High Voltage Direct Current (HVDC) electricity interconnector project that will connect the Great Britain (GB) and Irish (I-SEM) transmission networks. This project is called the LirIC Project (https://tinv.com/intercon-projects/liric/).\nThe project will link grid connection points in the GB and Northern Irish transmission grids.\nThe LirIC interconnector shall utilise Voltage Source Converter (VSC) technology and the configuration shall be a Symmetrical Monopole. The rated DC voltage shall be +/-320 kV.\nThe link shall be bi-directional and shall have a rated power (receiving end) of 700 MW\nFor the avoidance of doubt, TI LirIC Limited does not consider itself to be bound by the Procurement Act 2023 or any associated procurement legislation (together, UK procurement legislation). Accordingly, the procurement for the award of Converter Stations and Civil & Building Works as further described in this notice and any associated documents (the Procurement) is not, nor does it purport to be, subject to UK procurement legislation. For the avoidance of doubt, interested suppliers are put on notice that the publication of this document and any other document that relates to this Procurement is published voluntarily and nothing in this document, or any other document that TI LirIC Limited publishes in relation to this Procurement should be construed as purporting to give rise to rights or obligations under UK procurement legislation.\n.\nTo view this notice, please click here: \nhttps://www.delta-esourcing.com/delta/viewNotice.html?noticeId=1006878164",
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      "name": "TI LirIC Limited",
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{
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  "date": "2025-08-13T10:05:09+01:00",
  "ocid": "ocds-h6vhtk-0586b7",
  "buyer": {
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    "name": "TI LirIC Limited"
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        },
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        "description": "Description: The minimum scope requirements for the debt raising process is tabled below.  Please expand on and confirm your acceptance of each of these requirements by explicitly stating so within your response.  \n1.Financing Prep & Bankability Review \n2.Regulatory Liaison \n3.Financial Model Update & Sensitivities \n4.Funding Plan (Cap & Floor Scenarios) \n5.Lender Search, Screening & Adviser Appointment \n6.Appointment of Lenders’ Advisers \n7.ECA Financing Strategy \n8.Debt Marketing Materials \n9.Data-Room Management \n10.Competitive Process & Mandate \n11.Investment-Committee Materials \n12.Documentation & Financial Close \n13.Post-Close Handover: Pack & Training\n14.Project Management, Governance & Reporting",
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        "description": "If an equity sell-down or capital raise is pursued, it may be conducted at the level of the Client or an affiliated entity designated to hold the relevant shareholding in the project company. Bidders should confirm that their proposed scope remains applicable across either structure.\nThe minimum scope requirements for the equity sell down process or capital raise is tabled below.  Please expand on and confirm your acceptance of each of these requirements by explicitly stating so within your proposal. \nPlease note that no conditions may be attached to the minimum requirements in a bidder’s final offer.\n1. Project Diligence and Equity Risk Review\n2. Financial Model Coordination and Case Development\n3. Investor Search and Screening\n4. Valuation and Discount Rate Calibration\n5. Marketing Material\n6. Data-Room Management\n7. Competitive Process and Bid Evaluation\n8. Investment-Committee Materials\n9. Negotiation Support\n10. Completion and Post-Close Handover",
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    "title": "LirIC HVDC Interconnector - Financial Advisory Service",
    "value": {
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    "description": "This Tender Notice coincides with the launch of the procurement process for the Financial Advisory requirements in relation to the LirIC HVDC Interconnector located between Scotland and Northern Ireland (NI).\nThis Tender Notice is linked to a Request to Participate (RTP) event in the Delta eSourcing platform where potential bidders are asked to provide certain information in order to proceed to the later ITT stage.\nPrevious publications: None\nThe LirIC Project:\nTI LirIC Limited is engaged in the development of a 700MW High Voltage Direct Current (HVDC) electricity interconnector project that will connect the Great Britain (GB) and Irish (I-SEM) transmission networks. This project is called the \"LirIC\" Project (https://tinv.com/intercon-projects/liric/).\nThe project will link grid connection points in the GB and Northern Irish transmission grids.\nThe LirIC interconnector shall utilise Voltage Source Converter (VSC) technology and the configuration shall be a Symmetrical Monopole. The rated DC voltage shall be +/-320 kV.\nThe link shall be bi-directional and shall have a rated power (receiving end) of 700 MW\nThe LirlC Project components:\nThe main components of the LirIC Project will comprise:\n• HVDC to HVAC VSC Converter Stations in both Scotland and Northern Ireland with associated civil and building works; and\n• Two 320kV HVDC Cables onshore and offshore between Scotland and Northern Ireland over a route of approximately 140km, plus\n• One 400kV HVAC Cable connection from the Scottish converter station to the Scottish grid over a route of approximately 1km.\nThe Project has been awarded an 'in principle' cap and floor arrangement in Great Britain by Ofgem and a transmission licence in Northern Ireland. The Project is targeting a Financial Close in September 2027.\nPreliminary Market Engagement:\nTI LirIC Limited has conducted some preliminary market engagement prior to the publication of this Tender Notice and will allow additional time for engagement during the RTP stage up to the questions for clarification deadline currently set as 27th August 2025. Any requests for a 30 min engagement call should be addressed to TI LIrIC Procurement: dan.chepa@tinv.com and brian.dunn@tinv.com\nRequest to Participate (RTP):\nRespondents wishing to participate are requested to register in Delta eSourcing (via the link https://www.delta-esourcing.com).[Access Code 6ZRZ4495U9]\nThe Link to the Request to Participate event can also be found in this Tender Notice.\nAny questions relating to the RTP must be sent through the Delta message center.\nInformation relating to the scope and each Lot can be found below in this Tender Notice.\nBidders will only be allowed to choose one Lot or both Lots.\nFor the avoidance of doubt, TI LirIC Limited does not consider itself to be bound by the Procurement Act 2023 or any associated procurement legislation (together, \"UK procurement legislation\"). Accordingly, the procurement for the award of Converter Stations and Civil & Building Works as further described in this notice and any associated documents (the \"Procurement\") is not, nor does it purport to be, subject to UK procurement legislation. For the avoidance of doubt, interested suppliers are put on notice that the publication of this document and any other document that relates to this Procurement is published voluntarily and nothing in this document, or any other document that TI LirIC Limited publishes in relation to this Procurement should be construed as purporting to give rise to rights or obligations under UK procurement legislation.\nFor more information about this opportunity, please visit the Delta eSourcing portal at: \nhttps://www.delta-esourcing.com/tenders/UK-UK-London:-Financial-consultancy-services./6ZRZ4495U9\nTo respond to this opportunity, please click here: \nhttps://www.delta-esourcing.com/respond/6ZRZ4495U9",
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