The Interconnector Project is a 441mln euro project aimed at constructing a private high-tension underground HVDC power line between Italy and France for a total length of 190 km and a capacity of 600 MW. It will be the longest direct current underground power line in the world, and it will cross the Alps through the Frejus tunnel. The line is designed to be completely invisible and fit in with its surrounding environment. It is the first European power interconnector project to be privately financed and it is expected to be operating by the end of 2019.
We participated in the Italy – France Power Interconnector Project as technical due diligence adviser. Our corporate technical due diligence manager for the Energy Sector, Michele Nicora, received the Legalcommunity Energy award for his work on the project on 30 January 2018, and the project itself received the PFI award 2017 as power deal of the year on February 7.
We contributed as Independent Engineers with the task of performing a Technical Due Diligence in the interest of the Lenders.
This included technical due diligence services related to the engineering, construction and procurement of the project as well as technical assistance in the review of project contracts. We are also currently monitoring the procurement, the construction, and the power line’s commissioning and our involvement will continue once the power line is operational, as we are tasked with monitoring its performances and maintenance activities.