---
title: "LirIC HVDC Interconnector - Financial Advisory Service"
ocid: "ocds-h6vhtk-0586b7"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0586b7"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0586b7.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0586b7.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "TI LIRIC LIMITED"
published: "2026-01-23"
---

# LirIC HVDC Interconnector - Financial Advisory Service

Buyer: TI LIRIC LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-0586b7

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## Summary

The procurement process for the LirIC HVDC Interconnector Financial Advisory Service, led by TI LirIC Limited, has reached the award stage. This project is focused on providing financial advisory services for the development of a 700MW High Voltage Direct Current electricity interconnector between Scotland and Northern Ireland. The process, categorized under the utilities industry, employs a competitive flexible procedure with an open procurement method. Key dates include the award announcement on 23 January 2026 and a contract period from 6 February 2026 to 30 September 2027. The main locations involved are London, with key activities split into two lots: debt raising and equity sell-down or capital raise services.

This tender presents significant opportunities for business growth particularly for companies specializing in financial consultancy services. With an estimated value of GBP 6.8 million, the project offers potential collaborations in financial modelling, regulatory liaison, investor relations, and more. Ideal businesses to engage in this procurement are large-scale firms with capabilities in financial consultancy and experience working within high-capacity infrastructure projects. Macquarie Capital (Europe) Limited, identified as the supplier, underscores the scale and expertise required. This project not only promises financial returns but also strengthens commercial presence within the growing field of energy interconnections, elevating participating firms' profiles within the sector.

## Notice

. Previous publications: UK4: Tender notice. Notice identifier: 2025/S 000-048267. TI 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). Scope is split into two lots: Lot A. Debt Raising (Core). Scope for the debt raising process is tabled below: 1.Financing Prep & Bankability Review 2.Regulatory Liaison 3.Financial Model Update & Sensitivities 4.Funding Plan (Cap & Floor Scenarios) 5.Lender Search, Screening & Adviser Appointment 6.Appointment of Lenders Advisers 7.ECA Financing Strategy 8.Debt Marketing Materials 9.Data-Room Management 10.Competitive Process & Mandate 11.Investment-Committee Materials 12.Documentation & Financial Close 13.Post-Close Handover: Pack & Training 14.Project Management, Governance & Reporting Lot B. Equity Sell-Down or Capital Raise (Optional by election of TI). If an equity sell-down or capital raise is pursued, scope is tabled below. 1. Project Diligence and Equity Risk Review 2. Financial Model Coordination and Case Development 3. Investor Search and Screening 4. Valuation and Discount Rate Calibration 5. Marketing Material 6. Data-Room Management 7. Competitive Process and Bid Evaluation 8. Investment-Committee Materials 9. Negotiation Support 10. Completion and Post-Close Handover The LirIC HVDC Interconnector Project: TI 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/). The project will link grid connection points in the GB and Northern Irish transmission grids. The 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. The link shall be bi-directional and shall have a rated power (receiving end) of 700 MW For 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. . To view this notice, please click here: https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=1006878164

### Lot Information

Debt Raising (Core Requirement)

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. 1.Financing Prep & Bankability Review 2.Regulatory Liaison 3.Financial Model Update & Sensitivities 4.Funding Plan (Cap & Floor Scenarios) 5.Lender Search, Screening & Adviser Appointment 6.Appointment of Lenders' Advisers 7.ECA Financing Strategy 8.Debt Marketing Materials 9.Data-Room Management 10.Competitive Process & Mandate 11.Investment-Committee Materials 12.Documentation & Financial Close 13.Post-Close Handover: Pack & Training 14.Project Management, Governance & Reporting

Equity Sell-Down or Capital Raise (Optional by election of TI)

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. The 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. Please note that no conditions may be attached to the minimum requirements in a bidder's final offer. 1. Project Diligence and Equity Risk Review 2. Financial Model Coordination and Case Development 3. Investor Search and Screening 4. Valuation and Discount Rate Calibration 5. Marketing Material 6. Data-Room Management 7. Competitive Process and Bid Evaluation 8. Investment-Committee Materials 9. Negotiation Support 10. Completion and Post-Close Handover

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/006141-2026 |
| Notice type | UK6 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Competitive flexible procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Jan 2026 |
| Submission deadline | 27 Aug 2025 |
| Future notice date | Not specified |
| Award date | 21 Jan 2026 |
| Contract period | 6 Feb 2026 - 30 Sep 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £6,000,000 |
| Lots value | £6,000,000 |
| Awards value | £6,800,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Pending |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | TI LIRIC LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2V 7DA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI31 Camden and City of London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MACQUARIE CAPITAL (EUROPE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 23 Jan 2026 at 12:05 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/006141-2026
- 13 Aug 2025 at 09:05 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/048267-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/006141-2026
  23rd January 2026 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/048267-2025
  13th August 2025 - Tender notice on Find a Tender

## Notice URLs

- https://tinv.com/intercon-projects/liric/
- https://www.delta-esourcing.com/
- https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=1006878164
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0586b7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0586b7.json.