ENTSOG TYNDP 2017 - Main Report
4.5.7 INVESTMENT COSTS
Investment costs are for project promoters in many cases commercially sensitive information and might have the potential to negatively affect the competitive position of project promoters vis-à-vis contractors. However, as part of the transparency process adopted, ENTSOG has collected information from promoters on indicative investment costs for the submitted projects. Given the sensitivity of the data, in this report this information is displayed only in an aggregated way. Cost information is available for more than 90% of projects with FID or Advanced status. Figure 4.14 shows the total cost (CAPEX) per project status. 1)
Costs are available for around 190 projects, for a total of around 86bn€. According to available information for FID and Advanced projects their total costs amount to approximately 45bn€. The distribution of the total expected CAPEX across different categories of projects is displayed in Figure 2.14. These sums include cost estimates derived by ENTSOG, where cost information was missing on the basis of provided project technical information 2) , and on ACER Report on Unit Investment Cost for Electricity and Gas 3) published in July 2015. Those figures are indicative. In the PS-CBA phase pro- ject costs will have to be specified in more detail for the financial and economic assessment. According to project promoters’ submission, invest- ments are highly concentrated in 2018–2020, with around 60% of the total expected cost to be experi- enced in those years.
bn €
45 40 35 30 25 20 15 10 5
0
Advanced Non-FID Less-Advanced Non-FID
FID
Figure 4.14: Overview of total cost by project status (Billion €)
bn €
30
25
20
15
10
5
0
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
from 2026
FID
Advanced non-FID
Less-Advanced non-FID
Figure 4.15: Overview of total cost by commissioning year (Billion €).
1) Promoters have provided a minimum and a maximum range for costs. The values reported in the TYNDP Report have been therfore calculated as average of those minimum and maximum values. 2) In cases where such information was not available costs could not be established. 3) http://www.acer.europa.eu/official_documents/acts_of_the_agency/publication/uic%20report%20-%20gas% 20infrastructure.pdf
Ten-Year Network Development Plan 2017 Main Report | 155
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