Procurement of the Development Agreement Related to a Low Carbon Heat Network in the Square Mile
Buyer: The Mayor and Commonalty and Citizens of the City of London
- Published
- 16 December 2025
- Submission deadline
- 26 January 2026
- Estimated value
- £4,342,000,000
- Place of performance
- UKI31
- Procedure
- Open procedure
- Lots
- 1
- Documents
- 1
- Notice number
- 083343-2025
- Reference
- ocds-h6vhtk-05453f
- Official source
- Official source
CPV codes
- 45211360Urban development construction work
- 45232140District-heating mains construction work
- 45232141Heating works
- 71314000Energy and related services
Description
City of London Corporation (“CoLC”) is seeking via this Procurement to select a Heat Network Development Partner to develop the Network and, subject to receipt of the necessary approvals, deliver the Network. It is intended that, as a result of this Procurement, CoLC will enter into a development agreement under which the Heat Network Development Partner (via the special purpose vehicle (the “SPV”) established for development and delivery of the Network) is required to design and develop the Network up until the point at which it is ready to be built, at which point, it will present the project for approval by CoLC. Provided that the project passes this “Approvals Gateway”, CoLC and the Heat Network Development Partner will be required to enter into the Shareholders’ Agreement which will govern the management of the SPV and impose obligations on delivery and operation of the Network. CoLC invests no capital in the SPV and derives no economic benefit as a Shareholder but, holds a “special” or “golden” share in the SPV which allows it certain rights as set out in more detail in the Contractual Documentation. The geographical area for the development and delivery of the Network is b…
Official publications
- FTS · 083343-2025 · 16 December 2025
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 26 January 2026. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £4,342,000,000.
- Who is the buyer of this tender?
- The contracting authority is The Mayor and Commonalty and Citizens of the City of London (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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