LirIC HVDC Interconnector - Financial Advisory Service

{
  "awards": [
    {
      "aboveThreshold": true,
      "assessmentSummariesDateSent": "2026-01-21T00:00:00+00:00",
      "contractPeriod": {
        "endDate": "2027-09-30T23:59:59+01:00",
        "startDate": "2026-02-06T00:00:00+00:00"
      },
      "date": "2026-01-21T00:00:00+00:00",
      "documents": [
        {
          "datePublished": "2026-01-23T12:05:11Z",
          "description": "Contract award notice on Find a Tender",
          "documentType": "awardNotice",
          "format": "text/html",
          "id": "006141-2026",
          "noticeType": "UK6",
          "url": "https://www.find-tender.service.gov.uk/Notice/006141-2026"
        }
      ],
      "id": "1",
      "items": [
        {
          "additionalClassifications": [
            {
              "description": "Financial consultancy services",
              "id": "66171000",
              "scheme": "CPV"
            }
          ],
          "deliveryAddresses": [
            {
              "country": "GB",
              "countryName": "United Kingdom",
              "region": "UKI31"
            }
          ],
          "id": "LOT A",
          "relatedLot": "LOT A"
        },
        {
          "additionalClassifications": [
            {
              "description": "Financial consultancy services",
              "id": "66171000",
              "scheme": "CPV"
            }
          ],
          "deliveryAddresses": [
            {
              "country": "GB",
              "countryName": "United Kingdom",
              "region": "UKI31"
            }
          ],
          "id": "Lot B",
          "relatedLot": "Lot B"
        }
      ],
      "mainProcurementCategory": "services",
      "milestones": [
        {
          "dueDate": "2026-02-05T23:59:59+00:00",
          "id": "1",
          "status": "scheduled",
          "type": "futureSignatureDate"
        }
      ],
      "relatedLots": [
        "LOT A",
        "Lot B"
      ],
      "standstillPeriod": {
        "endDate": "2026-02-03T23:59:59+00:00"
      },
      "status": "pending",
      "suppliers": [
        {
          "id": "GB-PPON-PHTZ-4736-RBJX",
          "name": "Macquarie Capital (Europe) Limited"
        }
      ],
      "title": "LirIC HVDC Interconnector - Financial Advisory Services",
      "value": {
        "amountGross": 6800000.0,
        "currency": "GBP"
      }
    }
  ],
  "buyer": {
    "id": "GB-PPON-PWJV-7322-MWTR",
    "name": "TI LirIC Limited"
  },
  "date": "2026-01-23T12:05:11Z",
  "id": "006141-2026",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-0586b7",
  "parties": [
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "EC2V 7DA",
        "region": "UKI31",
        "streetAddress": "17th Floor,, 88 Wood Street,"
      },
      "contactPoint": {
        "email": "dan.chepa@tinv.com",
        "name": "Dan Chepa",
        "telephone": "+447535477231"
      },
      "details": {
        "classifications": [
          {
            "description": "Private utility",
            "id": "privateUtility",
            "scheme": "UK_CA_TYPE"
          }
        ]
      },
      "id": "GB-PPON-PWJV-7322-MWTR",
      "identifier": {
        "id": "PWJV-7322-MWTR",
        "scheme": "GB-PPON"
      },
      "name": "TI LirIC Limited",
      "roles": [
        "buyer"
      ]
    },
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "EC2Y 9HD",
        "region": "UKI43",
        "streetAddress": "Ropemaker Place, 28 Ropemaker Street"
      },
      "contactPoint": {
        "email": "info@macquarie.com"
      },
      "details": {
        "publicServiceMissionOrganization": false,
        "scale": "large",
        "shelteredWorkshop": false,
        "vcse": false
      },
      "id": "GB-PPON-PHTZ-4736-RBJX",
      "identifier": {
        "id": "PHTZ-4736-RBJX",
        "scheme": "GB-PPON"
      },
      "name": "Macquarie Capital (Europe) Limited",
      "roles": [
        "supplier"
      ]
    }
  ],
  "tag": [
    "award",
    "contract"
  ],
  "tender": {
    "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 \u0026 Bankability Review\n2.Regulatory Liaison\n3.Financial Model Update \u0026 Sensitivities\n4.Funding Plan (Cap \u0026 Floor Scenarios)\n5.Lender Search, Screening \u0026 Adviser Appointment\n6.Appointment of Lenders Advisers\n7.ECA Financing Strategy\n8.Debt Marketing Materials\n9.Data-Room Management\n10.Competitive Process \u0026 Mandate\n11.Investment-Committee Materials\n12.Documentation \u0026 Financial Close\n13.Post-Close Handover: Pack \u0026 Training\n14.Project Management, Governance \u0026 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 \u0026 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",
    "id": "TI-ITT00010 - LirIC - FA",
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lots": [
      {
        "id": "LOT A",
        "status": "complete"
      },
      {
        "id": "Lot B",
        "status": "complete"
      }
    ],
    "procurementMethod": "open",
    "procurementMethodDetails": "Competitive flexible procedure",
    "specialRegime": [
      "utilities"
    ],
    "status": "complete",
    "title": "LirIC HVDC Interconnector - Financial Advisory Service"
  }
}