UAE-based NMDC Energy has secured a landmark engineering, procurement, and construction (EPC) contract valued at over $1.1 billion for a subsea gas pipeline project off the coast of Taiwan. The contract, awarded by the Taiwan Power Company, involves a critical infrastructure component for the second stage of the Tung-Hsiao renewable power plant. Spanning 111 kilometers, the subsea pipeline will be constructed at depths ranging from 10 to 55 meters between Taichung and Tung-Hsiao, located along Taiwan’s west coast.

The project is a significant part of Taiwan’s broader push to modernize its energy infrastructure and improve energy security. As part of the contract, NMDC Energy will be responsible for designing, constructing, and installing the pipeline, which will play a vital role in supporting the renewable power plant’s expansion. In addition to the subsea pipeline, the contract includes shore approach works and dredging operations, with the removal of approximately 6 million cubic meters of material. These activities will be handled by NMDC Dredging & Marine, a key division of the company known for its expertise in large-scale dredging and marine projects.

For NMDC Energy, this deal represents a major step in solidifying its presence in Taiwan, a market that is seen as strategically important due to its ongoing efforts to diversify its energy sources and enhance sustainability. Taiwan has been actively transitioning to renewable energy, and the subsea gas pipeline is designed to complement this shift by improving the reliability and efficiency of the country’s energy supply. The project aligns with Taiwan’s energy security goals and is expected to have a long-term impact on the nation’s energy landscape.

Yasser Zaghloul, CEO of NMDC Group, emphasized the company’s commitment to supporting sustainable energy initiatives. “Our work in Taiwan is not merely about infrastructure. It represents a commitment to creating sustainable pathways for energy resilience in a region of strategic importance,” Zaghloul stated. This philosophy underscores NMDC Energy’s broader vision of contributing to global energy transitions and supporting the development of more resilient, efficient energy systems.

The deal also marks a pivotal moment in NMDC Energy’s global expansion. Following its rebranding from the National Petroleum Construction Company, the company has been rapidly increasing its international footprint. In September 2024, NMDC Energy was listed on the Abu Dhabi Stock Exchange after an IPO that was oversubscribed by 31.3 times, raising $880 million. This success has provided the company with the financial strength and visibility to take on large-scale, high-impact projects like the subsea pipeline in Taiwan.

With this project, NMDC Energy not only strengthens its portfolio in the energy infrastructure sector but also solidifies its position as a key player in the growing renewable energy market. The subsea pipeline project is poised to deliver significant benefits, helping Taiwan achieve its energy goals while contributing to NMDC Energy's long-term growth trajectory.