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UTE Porto de Sergipe IProject Overview
The Norwegian Brazilian Chamber of CommerceRio de Janeiro, May 23 2017
Edson RealBusiness Development DirectorGolar Power Latam
Agenda
1.Shareholding Structure
2.Project Overview
3.Timeline & Key Milestones
Shareholding Structure
3
Founded in 2008, one of the largest independent power
producers in Brazil. Currently own stakes in 4 TPPs
amounting to 700MW installed Capacity
Strong power generation operational expertise and
successful project implementation track record
Golar Power is a 50/50 Joint venture between Golar LNG and
the private equity firm Stonepeak Infrastructure Partners
Currently owns a fleet of 26 vessels, including 16 LNGC, 7
FSRUs, 3 FLNGV (1 under construction, 2 candidates for
conversion)
50% 50%
50% 50%
Project Contractual Structure
4
FSRU
LNG Supplier
Pipeline & Mooring
CCGT
Power Plant
O&M
TransmissionLine
UTE Porto de Sergipe I
PPA Offtakers
21st New Energy Auction (A-5/2015)
Auction Date: April/2015
Contracted Capacity: 1.516,64 MW
COD: 01/01/2020
Physical Guarantee: 867,00 MWm
Offtakers: 26 power distribution companies
Fixed Capacity Payment: R$1,25bi/year (base
date:2015)
PPA Tenor: 25 years from 01/01/2020 a
31/12/2044
Dispatch Notice: 60 days
5
Project Location
6
Aracaju Metropolitan Area
Project Overview
7
CCGT Porto de Sergipe I
Installed Capacity: 1,516MW Config: 3x1 Combined Cycle Major Equipment:
3 GE 7HA.02 Gas Turbines 1 GE condensing Steam Turbine 32 km Transmission Line (500KV)
Connection Point: SS Jardim (CHESF)
FSRU & Mooring Solution Storage capacity: 170,000m3 of LNG Side-by-side LNG Transfer Submerged Soft Yoke Mooring Dedicated 8km pipeline (6km offshore)
Total Investment
R$5,0billion
UTE Porto de Sergipe I
8
Project Overview (Aerial View May/2017)
9
Total: 1120 piles completed
UNIT 10Piling started
UNIT 11Piling completedUNIT 12
Piling completed
UNIT 13Cage for Pile
Preparation for Pile cutting
Project Overview (Aerial View May/2017)
10
FSRU - Golar Nanook
• Newbuild vessel with storage capacity of 170,000m3 of LNG, being capable to supply the TPP Porto de Sergipe I for 17 days at full load (24hs/day)
• Send-out properties: up to 21M m3/day• Dimensions: 293m length, 43m breadth• Draught: 12m• Yard: Samsung Heavy Industries (SHI) • Delivery Date: Dec/2017
11
FSRU - Golar Nanook
12
Expected delivery on Dec/2017
Vessel launched on February 13, 2017
13
Mooring System – NOV SSY
Expected delivery onJuly 2018
Concluded FSRU Operability, Approach and departure operations, HAZID and Max environmental conditions simulations.
Transmission Lines
500 kV Transmission Line
• Extension: 33 km
• Connection Point: Jardim Substation (owned by CHESF) located in Nossa Senhora do Socorro
14
Operations and Maintenance
Long term contracts (25yrs) were executed in
Dec/2016 with GE General Electric
International Inc.
Operations and Maintenance (O&M)
Agreement
The O&M Contractor will provide O&M
staff after the beginning of Commercial
Operation
Contractual Service Agreement (CSA)
The CSA provides long term maintenance
services and parts for the three GE 7HA.02
combustion turbine-generators and one GE
steam turbine-generator (Covered Units)15
LNG Supply Agreement
16
SPA executed in November, 2016
Long Term Contract with the required level of flexibility under the contracted PPA
QP and Exxon account for a relevant part of the LNG export Market worldwide and have at their disposal a number of facilities that can provide LNG to the Porto de Sergipe Project
70% 30%
Timeline
17
Atividades 4T/16 1T/17 2T/17 3T/17 4T/17 1T/18 2T/18 3T/18 4T/18 1T/19 2T/19 3T/19 4T/19 1T/20
Earthmoving
Pilling & Foundations
Civil Works
Mechanical & Assembly
Commissioning
Mooring Solution
FSRU
Fuel Gas TP0112/02
TAC30/09
Geração Comercial
01/01
DeliveySamsung
22/12
FIM