Recent Oman IPP Project Summary and Ibri & Sohar site IPP Project Projection

DOWNLOAD: Recent Oman IPP Project Summary and Ibri & Sohar site IPP Project Projection in PDF

2,600 MW IPP project is under development at Ibri and Sohar in Oman by OPWP.
ENGIE, Mitsui and Marubeni are competing for the project.
Recent Oman IPP proejcts are analyzed in this blog since its' data availability from IPO.
Above is the projection for the 2,600MW IPP based on the Oman IPP project analysis in this blog.

Oman to float biggest IPP tender this month

http://www.utilities-me.com/article-3352-oman-to-float-biggest-ipp-tender-this-month/

ENGIE, Marubeni and Mitsui vie for Oman plant

http://www.utilities-me.com/article-3742-engie-marubeni-and-mitsui-vie-for-oman-plant/

Japan, French power giants in race for Oman's mega power project

http://timesofoman.com/article/66687/Business/Energy/Two-Japanese-firms-that-are-leading-consortiums-are-Marubeni-and-Mitsui-while-French-firm-Engie-has-also-submitted-the-bid

Sembcorp Salalah IWPP Project Finance Modeling & Case Study Summary

DOWNLOAD: Sembcorp Salalah IWPP Project Finance Modeling Summary in PDF

DOWNLOAD: Sembcorp Salalah IWPP Project Finance Case Study Summary in PDF

DOWNLOAD: Sembcorp Salalah IWPP Project Finance Modeling in XLS

1) Location : Between the towns of Taqah and Mirbat, approximately 50 km from the regional town of Salalah.
2) Type : Gas-fired combined cycle power generation plant
3) Capacity : Contracted power capacity of Electricity : 445 MW
4) Major equipment :
 

5) Plant Efficiency (Heat Rate ) : 54%
6) COD : Since 25 May 2012

Source:  Sembcorp Salalah Power & Water Company SAOG IPO Prospectus

Oman Barka-3 IPP Project Finance Modeling & Case Study Summary

DOWNLOAD: Barka-3 IPP Project Finance Modeling Summary in PDF

DOWNLOAD: Barka-3 IPP Project Finance Case Study Summary in PDF

DOWNLOAD: Barka-3 IPP Project Finance Modeling in XLS

 

1) Location : Approximately 80km northwest of Muscat in Oman, in the immediate vicinity of the existing Barka-1 and Barka-2 IWPPs
2) Type : Gas-fired combined cycle power generation plant
3) Capacity : Contracted power capacity of 744 MW
                 13.3% of the MIS total currently contracted capacity of approximately 5,589 MW
4) Plant Efficiency (Heat Rate ) : 58%
5) COD : Since 4 April 2013

Source: Al Suwadi Power Company SAOG IPO Prospectus

Oman Sohar-2 IPP Project Finance Modeling & Case Study Summary

DOWNLOAD: Sohar-2 IPP Project Finance Modeling Summary in PDF

DOWNLOAD: Sohar-2 IPP Project Finance Case Study Summary in PDF

DOWNLOAD: Sohar-2 IPP Project Finance Modeling in XLS

1) Location : Approximately 200km northwest of Muscat in Oman, within the Sohar  industrial Port area
2) Type : Gas-fired combined cycle power generation plant
3) Capacity : Contracted power capacity of 744 MW
                 13.3% of the MIS total currently contracted capacity of approximately 5,589 MW
4) Plant Efficiency (Heat Rate ) : 58%
5) COD : Since 3 April 2013

Source: Al Batinah Power Company SAOG IPO Prospectus

Project Finance Checklist for Contracts & Agreement

DOWNLOAD: Project Finance Checklist for Contracts & Agreement in PDF

 Source : INTERNATIONAL PROJECT FINANCE, Law and Practice, Edited by John Dewar

Strategic Cost Management in IPP - Cross selling & Up selling

0. IPP 사업 관련 Strategy

1. Extension 및 추가 프로젝트를 수의 계약 형식으로 진행

여러 Strategy 및 marketing 개념을 EPC industry에 적용

Oman Sur IPP Project Finance Modeling & Case Study Summary

DOWNLOAD: Sur IPP Project Finance Modeling Summary in PDF

DOWNLOAD: Sur IPP Project Finance Case Study Summary in PDF

DOWNLOAD: Sur IPP Project Finance Modeling in XLS

1) Location : Approximately 175km south-east of Muscat in Oman
2) Type : Gas-fired combined cycle power generation plant
3) Capacity : Contracted power capacity of 2,000 MW
                 Comprises three blocks, (2 x 800 MW) and (1 x 400 MW)
                 27.8% of the MIS* total currently contracted capacity of approximately 7,197 MW
4) Plant Efficiency (Heat Rate ) : 56.4% (1.77)
5) Major equipment :

Equipment	Q'ty	Manufacturer
Gas turbine	5	Siemens
HRSG*	5	Nooter Eriksen
Steam turbines	3	Fuji Electric

6) COD : Since 11 December 2014

Source: Phoenix Power Company SAOG IPO Prospectus

Determination of the PPA Rate

A PPA is one of the main factor that determines a power project’s ‘bankability’.

PPA rate = Cf + Ef

Cf = Capacity fee = fixed costs + debt service + sponsor reimbursement

Ef = Energy fee = fuel + variable O&M costs

Source:
FIGURE 3-9 Determination of the PPA Rate
Project Finance in Theory and Practice
Designing, Structuring, and Financing Private and Public Projects
by Stefano Gatti

Project Development Time Table

Moroccan Safi IPP Project Finance Case Study Summary

DOWNLOAD: Moroccan Safi IPP Project Finance Case Study Summary in PDF

1) Location: Greenfield coastal location outside the port of Safi (200km south of Casablanca)
2) Capacity : 1,380MW (gross)
3) Type : Coal-fired power plant
4) Major equipment : Boilers from IHI and steam turbines from Hitachi

Source: http://www.pfie.com/ultra-supercritical-project-financing/21177365.fullarticle

Peru LNG Project Finance Case Study Summary

DOWNLOAD: Peru LNG Project Finance Case Study Summary in PDF

   Source: http://www.hydrocarbons-technology.com/projects/peru-lng/peru-lng2.html

1) Location: Along the Pacific ocean and 600km from the Amazon jungle
2) 600km - 200km existing, 408km, 34 inch to built
3) Construction due date: by 2010
4) Plant: 52ha at Pampa Mechorita, 167km south of Lima,
■ Near Pan American highway
■ Beneficial for shipment & NIMBY
■ Near Camisea gas field -> Easy access for natural gas supply
5) Practicalities
   ■ Panama canal expansion -> Easier access to Europe
   ■ Cut Mexican demand -> Lower prices for US consumers
6) Possibility to expansion of another train.
■ Repsol discovered more gas in Block 57.
■ Petrobras is drilling in Block 110.


Source: http://www.pfie.com/unshakable-peru-lng/21073480.fullarticle

Reliances RPL Project Finance Case Study Summary

DOWNLOAD: Reliance's RPL Project Finance Case Study Summary in PDF

                                                                           Source : http://www.ril.com/ 

1) RIL

   ■India based largest private sector company

   ■Market cap : US$36bn

   ■Revenue : 2.8% of the GDP

   ■Contribution to total export : 8.2%

   ■Contribution to Gov't tax revenues : 8%

   ■Weighting in Sensex : 11.5%

   ■Credit rating : Baa2 (Moody's) and BBB (S&P) 

     <- one and two notches above Indian's soverign rating.

   ■Business through whole hydrocarbon value chain, Refining 57%, 

   ■Third largest refinery -> Construction (Ahead of schedule, within budget) 

     and O&M (100% Utilisation, Complexity 11.3, GRMs US$2~$3 above Singapore

     benchmark) well done

2) RPL

   ■Location : Special Economic Zone

   ■Export-oriented refinery complexes

   ■Scale : Sixth largest globally

   ■Capacity to process (Supply) : 580,000 barrels per day of crude oil, 900,000 

     tonnes/annum polypropylene plant

   ■Output product: Light and middle distillates (mainly transportation fuels)

   ■License: UOP, EMRE, Foster Wheeler & Dow (Proven technology)

   ■Offtake : European market : jet fuel, kerosene & diesel / US & Asia : gasoline  / 

     Asia : polypropylene.

   ■Cost : US$6bn <- Equity US$2.5bn / Debt $3.5bn

   ■Equity -> IPO

Source : http://www.pfie.com/relying-on-reliances-rpl/392274.article

Kirikkale IPP Project Finance Case Study Summary

DOWNLOAD: Kirikkale IPP Project Finance Case Study Summary in PDF

1) Location : Near the city of Kirikkale, 50km east of Ankara
2) Combined-cycle power plant comprising two Alstom gas turbines and one steam turbine
3) Gross output capacity of up to 950MW
4) Financial close : December 2014 
5) In operation : around mid-2017


Source : http://www.pfie.com/singin-in-the-rain/21177837.fullarticle

How does a jet engine work?

0. The principles for jet airplane engines are same with power generation in natural gas power plants. 

Therefore, to understand jet engines will help us to understand power generation process.

1. How does a jet engine work?

4 stages : Suck -> Squeeze -> Bang -> Blow

2. Turbo jet

Compressed, high pressure, high temperature and high density air can push a turbine really fast and spins it.

3. Turbo fan

Turbo fan uses both fan air and exhaust.

Source : 

GE Masterclass with Baratunde Thurston - How Does a Jet Engine Work?

http://http://12charlie.com/

CCPP - Instrumentation, control and electrical systems (ICE)

Source
: ABB solutions for combined cycle power plants
http://www08.abb.com/global/scot/scot221.nsf/veritydisplay/8982e3f78e8d5653c125783b00379f2c/$file/combined%20cycle%20power.pdf

Integrated gasification combined cycle (IGCC)

IGCC :

Solution for traditional coal fired power plant limitations; polution (NOx, SOx) and climate change (CO2).
CO2 capturing : Underground storage facility -> dissolve to water over hundreds of years.

Source :
http://www.duke-energy.com/about-us/how-igcc-works.asp
https://www.youtube.com/watch?v=QbQAzIHZz5E

Combined Cycle Power Plant (CCPP)

Source :
1. http://www.zeroco2.no
2. http://brazosvalleyenergy.com/
3. https://www.youtube.com/watch?v=W1hSFLXADQ0