HS2 highlights £12 billion worth of supply chain contracts
HS2, the company behind Britain’s new high-speed railway, is showcasing £12 billion worth of contracts that are up for grabs in 'Meet the Contractor' online events running until November 27.
Company executives will receive insights into the estimated 400,000 supply chain opportunities and more than 2,000 businesses are registered (78 percent being SMEs), securing in excess of 21,000 'virtual' seats.
The four-day programme is being delivered in partnership with HS2’s four main works construction partners (Balfour Beatty VINCI (BBV)); Eiffage, Kier, Ferrovial, BAM Nutall (EKFB)); Align and Skanska Costain STRABAG (SCS)) and two stations contractors (Balfour Beatty/VINCI/SYSTRA and Mace/Dragados), who between them will unlock thousands of individual work packages which range in size and value between £5,000 and £200 million.
The agenda for the first three days consists of 24 opt-in webinars, delivered by over 60 presenters, which allow delegates to learn about the HS2 scheme, HS2 Ltd’s procurement processes and the programme of works its contractors are undertaking. Monday’s session begins with an introduction from HS2 Minister, Andrew Stephenson MP. Registration is now closed but webinars will be shared afterwards.
The final day presents the opportunity for over 1,000 potential suppliers to meet one-to-one with HS2’s construction partners, who are looking for new entrants into their supply chain to deliver their 2021/22 work packages.
“HS2 is at the heart of our plans to build back better from COVID-19 by firing up economic growth and creating tens of thousands of skilled jobs right across the country," said Stephenson. “This marks a very important moment for this project as it opens up £12 billion worth of supply chain contracts, creating immediate opportunities and providing certainty for British businesses when they need it most."
Masdar, PT PLN begin work on floating PV solar project
UAE-based renewable energy company Masdar, in partnership with PT PLN, an organisation specialising in electrical power and owned by the Indonesian government, has announced today it has started work on a floating photovoltaic (PV) solar project in West Java. The company says the 145MW plant is the first of its kind in the country. The project, which will be constructed on the Cirata reservoir in West Java, was financed by the Sumitomo Mitsui Banking Corporation, Societe Generale, and Standard Chartered Bank.
Developing the project is PT Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), a joint venture between Masdar and PT PLN subsidiary PT PJBI. Bahlil Lahadalia, Minister of Investment for the Republic of Indonesia and chairman of the Indonesia Investment Coordinating Board, said: “This is a flagship project of the UAE’s investment in Indonesia, and most importantly, it is in line with the Indonesian Government’s target to increase renewable energy by 23% by 2025.”
Ladhadalia added: “The Ministry of Investment fully supports the investment realisation of the Cirata Floating Solar Project by PT PJBI and Masdar.” The plant is said to be the largest in south-east Asia, and one of the biggest in the world. Around 800 jobs will be created during its construction phase.
During the project’s development, Masdar has conducted several social initiatives to raise awareness of sustainability and strengthen the engagement of the local community. Talking about the partnership with Masdar, Amir Faisal, president director of PJBI, said: “We see tremendous potential for similar projects in Indonesia and we look forward to continuing our fruitful collaboration with Masdar to work on more renewable energy projects and help our nation achieve its clean energy objectives.
“This floating power project is a first for Indonesia and is also a significant step in PJBI’s renewable energy journey,” he added.
Facts about solar energy
- Solar power is the most abundant energy source on earth: There’s enough solar energy reaching the earth every hour to meet all of humanity’s power needs for a whole year.
- The cost of solar panels has fallen by 99% since 1977: The price per watt for a single solar cell in 1977 was US$77. Today that same cell costs Us$0.21 per watt US$0.39 per watt for an assembled module, according to the Solar Energy Industries Association.
- China is the global leader in solar energy: Whilst solar power is increasing in popularity in the US, China is currently the country with the biggest uptake. Research conducted by GTM in 2017 predicted that the US would install 12.4GW of solar power during that year. China, on the other hand, installed 24.4GW of power in the first half of 2017 alone.