scatec solar: kalkbuilt project nersa ipp public hearing ... · scatec solar – a brief overview...
TRANSCRIPT
July 2011 – page 1
copyright: Scatec Solar
www.scatecsolar.com
Scatec Solar: Kalkbuilt Project
Nersa IPP Public Hearing
Kimberly
5 March 2012
July 2011 – page 2
copyright: Scatec Solar
www.scatecsolar.com
Scatec Solar – a brief overview
Established: 2007, HQ in Oslo
Employees: 80
Main shareholders: Scatec* 62,5 %, Itochu 37.5 %
Unique vertically integrated, scalable and flexible business model
• All required competences in-house to ensure a successful project
Excellent track record across multiple markets in different roles and applications
• Track record of 180 MW installed, 60 MW under O&M, 50 MW sales of project rights
• Ownership of 22 MW of assets in Czech Republic, Italy and US
Healthy and diversified international project pipeline
• Gross pipeline of 2.3 GW across Europe, Africa, US and Japan
Strong network of local and international partners
• Local developers and land owners
• Suppliers and sub-contractors
• Banks and financing institutions
• International government agencies
Sulkov, Czech R 2010, 10 MWp
Milano, Italy 2010, 7.2 MWp
* Includes Scatec controlled shares
July 2011 – page 3
copyright: Scatec Solar
www.scatecsolar.com
Solutions: In house EPC and O&M capabilities
In-house capabilities
• Engineering
• Design
• Supply chain
management
• Project management
• Operation and
Maintenance
Track record of around 180 MW in Germany, Czech Republic, Italy and France
World’s first triple certified solar
system integrator for
• Quality (ISO 9001)
• Environment (ISO 14001)
• Occupational Health and Safety
(OHSAS 18001)
Ground mounted PV Roof top PV PV Carports
Sulkov, Czech R. 2010, 10
MWp
DHL roof, Italy, 2010, 7.2 MWp Quinciuex, France, 2011,
8MWp
Sample projects: MW sized power plants
Triple ISO certified
Solutions
July 2011 – page 4
copyright: Scatec Solar
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- Mature, Proven and Bankable
Technology
- Predictable
- Reliable
- Power delivered for 30 yrs
Energy security: A large driver of PV installations
July 2011 – page 5
copyright: Scatec Solar
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- PV is, per MW installed, the
most effective and efficient job
creator of all energy sources*
- Unskilled & semi-skilled
laborers can be sourced from
the local area for the
construction phase
- Manufacturing of the majority of
components and equiptment
can take place locally
Job Creation & Local Economic Development
*Source: ”Solar Generation V – 2008” by Greenpeace & European Photovoltaic Industry Association
July 2011 – page 7
copyright: Scatec Solar
www.scatecsolar.com
Summary of Environmental Process :
Kalkbuilt
July 2011 – page 8
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• No Negative environmental
Impacts!
• 16 Comments - none negative
• Zero Objections
• 8 comments of Support (including
NC Environment & Conservation)
• Creating 450 jobs
Interested & Affected Parties: A Summary
July 2011 – page 9
copyright: Scatec Solar
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Seamless integration with farming operation
Livestock kept safe :
Provides protection from predators & stock thieves (currently big issues)
Panels to provide shade from a scorching sun
Sharp edges are protected and cables hidden
July 2011 – page 10
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Site Selection Criteria, Solar Irradiation &
Grid connection
July 2011 – page 11
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Site selection
July 2011 – page 12
copyright: Scatec Solar
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No major issue foreseen to reach final close as planned 2011
Item Activity 44 45 46 47 48 49 50 51 52 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Selected for beeing prefered bidder
Finalise shareholders agreements
Recruit/appoint top mangement
Rezoning
Building permit/approval
Finalise land lease : Execute option, sign agreements and notarization
Submit application Nersa licencse - Pending input from Jed
Review Nersa generation license + sign
Submit application ESKOM budget quote
Eskom cost estimate received
Conclusion and acceptance of buget quotes
Finalise detailed design + approval
Prepare detailed contracts - EPCI, O&M, Management
Prepare sub-EPCI & O&M contract
Prepare equipment purchase contracts (modules, Inverters, HV equipment)
Detailed execution planning and design
Conclude all contracts
Setup rural development
Concept development HR/Training facilities with communities
Searching/defining accomodation facilities
Conditional rural HR-process (de Aar/Hanover)
Setup training facilities
Start training activities
Final legal, technical and insurance due diligence first draft ready
Final conlusions - legal technical and insurance Due Diligence
Prepare financial documents and agreements
Finalise /update financial model
Finacial model Audit
Final Credit Commetie Approval
Final financing documents and agreements & signing/Commercial close
CP satisfaction process
Financial close
Equity financing process with DBSA for BEE holding
Purchase and registration of shares of all shareholders
Final investment committee approvals
Satisfaction of equity CPs
Finalise PPA, IM, Distribution agreement - incl all annexes
Signing and final close
2012
June July
Final Close
MayMarch AprilFebruaryJanuary
Senior debt - project financing
EQUITY
DecemberNovember
Project company establishment & staffing
Project development - land, permits and licences and grid
EPCI & O&M delivery and contracts
July 2011 – page 13
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Broad Based Execution Methodology
• Corporate Social Responsibilities
• Local Economic Development
• Skills Development
• Job Creation
Wednesday 20th October 2010
July 2011 – page 14
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Broad Based Projects
Scatec Working with Communities before RFP!
– Scatec Solar has a long term LED and CSR outlook
Hays Primary School (Rural School near Kalkbuilt & Phillips town)
• Procurement of illustrated dictionaries for learners
• School Bags
• Calculators, CD Players & Stationary
• Assisting primary school up to grade 7
• Sprinkler System for Sports field
Mamelani Project
• Youth Health care education
• Developing subsistence skills
• HIV training programs
• Living Skills Program
July 2011 – page 15
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Skills Development Facilities
Facilities On Previous Projects
15
Welding Workshop Trainees at work
Welder on-site
Training facility – Boiler making and pipe fitting
July 2011 – page 16
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History of Success
Examples of training on previous projects
16
Medupi – Lecture Room
Chamdor Training Facility
July 2011 – page 17
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Kalkbuilt Job Creation Matrix
Job Classification Construction Operations
RSA Citizens 80% 80%
Black Citizens 50% 51%
Black skilled citizens 23% 33%
Skilled jobs 18% 20%
Citizens from Local Communities 21% 23%
Employment People-Months 2972 3068
Total Jobs Created* 450 12
July 2011 – page 18
copyright: Scatec Solar
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Long Term Commitment
• Phase 1 – 75Mw
• Phase 2 – submitting 180Mw
• Phase 3 – Submitting 175Mw
• Outcomes:
• 2480 jobs created over 5
years
• 96 jobs over a 25 year period
• Over 2500 people taking skills
into a new national industry!
Submission of Mw’s per Phase Jobs Created Per Phase
Construction
• Phase 1 - 450
• Phase 2 – 1020
• Phase 3 – 1010
• Total 2480
• Operation & Maintenance
• Phase 1 - 18
• Phase 2 – 40
• Phase 3 – 38
• Total 96
Long Term Job Creation Potential
July 2011 – page 19
copyright: Scatec Solar
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The Kalkbuilt Project will meet or exceed the threshold levels in all the required Economic Development areas
• Target levels are achieved for a number of Economic Development
Elements such as;
• Job Creation categories,
• Local Ownership,
• Management Control and Adjusted Socio-Economic Development
• In Addition value for money is created by;
– The Bid price submitted below the cap
– Substantial job creation
– Innovative and effective LED strategy
• Scatec’s LED score increases per phase while the Price comes down to achieve sustainable value for money
July 2011 – page 20
copyright: Scatec Solar
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Scatec Solar: Kalkbuilt Project
Power Production
July 2011 – page 21
copyright: Scatec Solar
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Power Production Year Max MW Total MWh Export MWh
1 72.5 (75 MWp)
137 273 135 900
2 72.5 (75 MWp) 136 858
135 489
3 72.5 (75 MWp) 136 303
134 940
4 72.5 (75 MWp) 135 748
134 391
5 72.5 (75 MWp) 135 194 133 842
July 2011 – page 22
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Corporate Structure
July 2011 – page 23
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BEE & Broad Based
Simacel Kalkbult Holding (Pty) Ltd is: • Level 4 B-BBEE Contributor • 65% black owned • 10.5% black women owned through a community trust • 12.5% owned by local communities as defined in the RFP
July 2011 – page 24
copyright: Scatec Solar
www.scatecsolar.com
Old Mutual Investment
Group South Africa
(pty) LTD
Scatec Solar AS
20%
12.5%
Equity
Investor
Project
Company
Simacel Kalkbult
Holding (pty) LTD
Standard Bank of
South Africa (pty) LTD
Kalkbult Project
Company (pty) LTD
10% 10%
60%
40 % South African Participation
Members of the Bidder
Kalkbult Local
Community Trust*
Black Women
Community Trust*
July 2011 – page 25
copyright: Scatec Solar
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For the great opportunity to build a sustainable industry & create much needed jobs for South Africa
Thank you!
Pfennighof, 1.7 MWp, Germany
Built by Scatec Solar in 2007