Frontier Power Consulting
The highly experienced and senior team that Frontier Power can deploy has the capability to undertake studies across following areas:
Transmission 'PPP' style bidding
Power sector strategy and policy development
Electricity market developments – where value can be obtained
Technical evaluation of transmission network or generation opportunities
What makes Frontier Power Consulting different is that all of the team have been responsible for major power sector businesses on a global scale. Our consultants have delivered as line managers and directors from within the power industry. More traditional consultancies therefore often seek to partner with us to bring a compelling and economic mix of deep sector experience and process skills.
As an example of our advisory services, Frontier Power worked with the UK Crown Estate, Marine Estates management team to develop a ten-year business strategy to respond to the significant challenges and opportunities facing the Crown Estate from the increasing volume of offshore renewable energy and the likely increase in demand for use of the seabed for storage of carbon dioxide and natural gas. The strategy being implemented by the UK Crown Estate for the economic exploitation of the UK’s marine renewable energy resources has so far secured commitments from offshore wind farm developers for around 10GW of projects to be implemented by 2020. The Crown Estate’s strategy involves awarding leases/concessions on the seabed for the wind farms together with active participation by the Crown Estate in the early stages of the development of the projects in order to demonstrate the UK government’s commitment to ensuring that the projects proceed with urgency.
During 2013 and 2014 we undertook a major advisory assignment in Canada - and a ‘first’ for the sector. The 500km Fort McMurray West Transmission Line in Alberta, Canada was procured under a ‘PPP’ type process by the Alberta System Operator. The line will reinforce the onshore grid and enable more power to be transmitted to and from the Fort McMurray area to support its long term role as a centre of economic activity for Western Canada. Given our considerable understanding of both PPP type transactions and our knowledge of competitive transmission, Frontier Power was engaged by ATCO, who were keen to bid for and win this asset.
A lead advisor supported by FP management was deployed at the client offices in Alberta for the 18 month pre-qualification and subsequent bid phases. Group strategy support, value creation analysis, consortium formation advice, advisor selections, commercial advice, structuring, project financing input, bid tactics, bid management and executive and main board support were all provided. Against considerable international competition, the consortium of ATCO and Quanta (Alberta Powerline) was awarded the ~40-year concession at the end of 2014 and are now in the process of finalising plans ahead of construction start-up. The HVAC line is on-track to commence operational service mid-2019. Please see www.albertapowerline.com for more information about this commercially and technically exciting project.