General information on TAQA JLEC Power Plant

Transcription

1 General information on TAQA JLEC Power Plant

2 Agenda Visit Dutch Delegation on March 19 th h30 Arrival to the plant 14h45 TAQA/JLEC Power Plant presentation 15h30 Visit to the Coal Yard and to the Port 16h15 Units 14 and 5&6 Visit 16h30 Departure 2

3 A DYNAMIC GROWING SECTOR Power Sector Strategy Additional capacity breakdown MW (2020) Energy mix of the installed capacity Total installed capacity to expand at an AAGR of 10.4% between 2012 and 2020 To address its growing demand for energy for the next 20 years, Morocco has set up an ambitious plan to develop and diversify its production capacity Short term : National Priority Action Plan to ensure a balance between supply and demand for electricity by increasing the capacity of power generation Medium term : Energy mix based on strong and efficient technologies (coal, development of renewable energy, natural gas) Long term : Rise of renewable energy expected to account for 42% of the total installed capacity in Capacity 2012 Of which 700 MW from JLEC 5& Hydro Coal Coal & Gas (1) 472 Other thermal Wind Solar Capacity 2020 Electricity consumption forecast TWh ( ) Base case High case % 27% 19% 14% 4% 12% 42% from 5% renewable 14% energy 29% 21% 14% 11% 29% 35% 8% 21% 27% Coal Gas Hydro Solar Wind Fuel The socioeconomic development of Morocco and the ongoing major projects initiated across all sectors of the economy, particularly the General Rural Electrification Program (PERG) have considerably increased the national demand for energy. The national context : Since 2002, the installed capacity grew at an AAGR of 4.4% between 2002 and 2012 Morocco s demand for primary energy is expected to double by 2020 and triple in 2030 Morocco s demand in electricity is projected to double by 2020 and quadruple in 2030 (1) Starting from 2018 Sources : ONEE Statistical brochures 2007 & 2012 and annual report 2002 ; Moroccan Ministry of Energy, Mines, Water and Environment, January 2013 ; La nouvelle Stratégie Energétique Nationale, January

4 OUR CONTRIBUTION TO MOROCCO Largest Independent Power Producer of Morocco Installed capacity MW (2012) Energy production GWh (2012) 13% 7% 4% 18% 38% 3% 1% 6% 1% 18% 20% 51% 20% Thermal JLEC Hydro Gas Combined STEP Wind Local electricity demand coverage - GWh (2012) Comments Hydro STEP Thermal JLEC Wind Auto-producers 9% 5% 2%1% 33% 20% of the Moroccan installed capacity with 1,356 MW in % of the national production, i.e.10,191 GWh in % 32% of the national demand of electricity 32% Thermal JLEC Import EET Hydro Wind Others Sources : ONEE statistics publications 2007 and 2012 and 2002 annual report: Ministry of Energy, Mines, Water and the Environment, (January 2013); La nouvelle Stratégie Energétique Nationale 4

5 Ownership in 17 IPP/IWPPs* in 7 countries TAQA IS A LEADING GLOBAL IPP COMPANY >16 GW (gross) power assets in operation/under expansion UNITED STATES 50% ownership in MW wind farm 85% ownership of 764 MW CCGT toll INDIA Neyveli: 100% ownership of 250 MW lignite fired plant Himachal Pradesh: 100% ownership in a 100 MW hydro plant MOROCCO Jorf Lasfar: 85,8% ownership of 2056 MW coal fired plant (700 MW under construction) GHANA Takoradi: 90% ownership of 342 MW plant (CCGT expansion) SAUDI ARABIA Jubail: 25% ownership in 250 MW open cycle plant OMAN 40% of Sohar aluminium smelter + 1,000 MW CCGT plant UAE 54% ownership of (9 IWPP) 14,094MW and 887 MIGD * IWPP: Independent Water and Power Project

6 ONE VISION The general policy led by the Company revolves around the following main axes: Perform its contracts over the remaining concession period ( ) while complying with its obligations Monitor the financial and economic balance of the Plant Ensure the ongoing operation of the delegated service provision Strike the right balance between economic development, a high service level, the protection of the environment and social equity, in a spirit of transparency Be a socially responsible company, driven by an ethical behavior and keen to act in furtherance of the ongoing development of the delegated service Strengthen the sharing of a common culture, a strong social policy and the staff skills development Ensure performance of the development projects 6

7 JLEC OVERVIEW A constant evolution JLEC key dates JLEC s structure and production capacity Incorporation of JLEC by ABB and CMS PPA with ONE to operate two existing units (1 & 2) and to build and operate two new units (3 & 4) Incorporation of TAQA Unit 1 Unit MW 330 MW 2007 Acquisition of JLEC by TAQA 100% (indirect) Unit MW Signature of a strategic partnership between TAQA, JLEC and ONE to extend the capacity of JLEC by two new units (5 & 6) JLEC secured multi-currency debt loan totaling approximately US $1.4 billion 34% (indirect) 66% Unit 4 Unit 5 Unit MW 350 MW 350 MW 2014 Launching unit 5 operations in the first quarter of 2014 Launching unit 6 operations in the second quarter of 2014 JLEC 5&6 Total 2,056 MW 2027 Expiry of the first PPA (units 1 to 4) 2044 Expiry of the second PPA (units 5 & 6) 7

8 A STRATEGIC LOCATION Rabat Casablanca El Jadida Jorf Lasfar Energy Company (JLEC) At 20 km of El Jadida Close to the Port of Jorf Lasfar At 130 km from Casablanca The Company was created in 1997 by the CMS Generation and ABB consortium, the successful bidder of the international call for tenders initiated by ONE in 1994, to open up the national electric production to private investors. This call for tender involved the operation and the transfer of the Plant located on the Atlantic Coast, some 127 km southwest of Casablanca. The site extends over a surface area of 60 hectares and can accommodate up to six coal fired power plants with a unit capacity close to 350 MW. The opportunities offered by the Port of Jorf Lasfar in terms of coal imports in optimal technical and economic conditions, the needs in electrical energy related to the industrial development of the region and the promotion of the existing infrastructures have all contributed to the selection of the geographic location of the Plant. 8

9 JLEC SUMMARY A company owned by 100% at Abu Dhabi National Energy Company PJSC TAQA since May 2007, a global leader in the energy sector Four units with a total capacity of MW The Moroccan leading independent electricity producer The main supplier of the Office National de l'electricité (ONE) 340 employees An availability level reaching over 90% placing it among the best Thermal Power Plants in World Improving preventive maintenance program for better reliability and performance Adhering to the highest safety & environmental standards A human resources policy designed for JLEC employee s development A know how and technical expertise A company that promotes job creation A social player role through Health, Education, Culture & Environment Developing a business with the extension of the plant with two new production units JLEC 5 & 6 (700 MW for a total capacity of 2056 MW) 9

10 A STRATEGY The strategy of JLEC lies in the production of the most reliable, efficient and environment friendly KWh, with: A rigorous maintenance program Efficient managerial practices Compliance with strict environmental standards Continued improvement The implemented preventive maintenance program has improved the reliability and allowed the Plant to have an optimal performance. Each maintenance cycle is performed by more than 750 additional contractors, working on a 24h/7 d basis. JLEC purchases «clean coal», thereby minimizing the effects on the environment: 3.6 million tons per year sourced from the world market 35 days of safety stock 10,000 tons consumed by day 10

11 GOOD SAFETY PERFORMANCE 11

12 MANAGEMENT & PROTECTION OF THE ENVIRONMENT JLEC aims to make the protection of environment a key component of its operations. Storage and recycling of coal ash Solid waste management Air quality control Monitoring occupational air quality Water quality monitoring JLEC is certified ISO and OHSAS

13 HIGH-PERFORMANCE FACILITIES The Plant is currently sized to produce close to 10,000 GWh/year. Located at Jorf Lasfar, the production site extends over approximately 60 ha. The Site has been designed around the main following components: Four production units Units 1 & 2 have an installed power of 330 MW each, built on the initiative of ONE and commissioned in 1994 and then transferred to the Company as part of the Ownership Transfer Contract in Units 3 & 4, with a slightly higher installed power, of 348 MW each, built by ABB subsidiaries on account of the Company and commissioned on 09/06/2000 and 02/02/2001 respectively The four units are steam coal fired. The annual coal consumption of the Plant borders on 3.6 million tons sourced using maritime transport and unloaded at Jorf Lasfar Port, close to the production site. 13

14 HIGH-PERFORMANCE FACILITIES A coal terminal dedicated to the Company, located at the Jorf Lasfar Port With a quay length of 180 ml, availing of a draught of 12.5 m accommodating for ships with a capacity of up to 75 k tons. This quay is fitted with two grabbing transporters of 33 t, with a capacity of 1,200 t/h each and a coal conveyor of a capacity of 2,400 t/h. The Company has set a laboratory for the analysis of coal on the quay, thereby controlling the quality of coal before its transfer to the coal yard. This analysis laboratory is fitted with the best technological facilities. It was granted the ISO standard by COFRAC and participates monthly to inter laboratory analyses. The parameters thus analyzed are: carbon, nitrogen, hydrogen, humidity, sulfur, etc. A coal storage yard of a capacity of 1,000,000 tons The storage site of JLEC makes it possible to meet the consumption needs of the four units for a period of three and a half months. This site has a stacker of 2,400 t/h and two scrapers of 750 t/h each. The stacker and the scrapers travel on tracks throughout the site so as to cover the whole site. Two heavy fuel oil storage of a unit capacity of 50,000 cubic meters each. 14

15 JORF LASFAR PLANT SITE OVERVIEW 15

16 OUR PERFORMANCES A solid track record 1 Over 91% average annual plant availability 2 Over 94,92% completion rate for JLEC 5&6 as of 24 th December million tons/year of coal terminal capacity and an uploading rate up to 30,000 tons per day Performances 4 A strict policy regarding Hygiene, Health, Safety and Environment in line with the World Bank guidelines 5 Top quartile independent power plant in the world 6 ISO environmental management certification OSHAS health and safety management certification ISO 9001 certification by Lloyds for Coal Terminal Operation Quality Management ( 2008 version) 16

17 A HOLISTIC VIEW OF JLEC (units 1 to 4) 3.6 million tons per year coming from the global market 10,000 tons of coal consumed per day 340 employees working on a 24 h/7 d basis Four units with a total installed capacity of MW 38% of the demand of Morocco in electricity in 2012 A 35 day safety stock 17

18 JLEC 5&6, AN AMBITIOUS PROJECT FOR MOROCCO Overall Investment: 1.6 billion USD/13 billion MAD Jobs generation : Construction phase 3,000 direct jobs 2,000 indirect jobs Operating phase 135 direct jobs 1,000 indirect jobs Mitsui & Daewoo is the EPC Contractor and its main sub contractors, include: IHI (Ishikawa Heavy Industry) Boiler MHI (Mitsubishi Heavy Industry) STG STX Heavy Industry FGD, HHI (Hyundai Heavy Industry) for Main Transformer BYMARO (Bouygues Maroc) and SGTM (Société Générale des Travaux du Maroc) for major civil works BUZICHELLI and SENAD for mechanical erection lots. 18

19 PROJECT BACKGROUND - JLEC5&6 On 12 May 2009, a Memorandum of Understanding relating to the extension project of the Jorf Lasfar Thermal Power Plant was concluded between TAQA/JLEC and ONE, in the presence of His Majesty King Mohammed VI and His Highness the Crown Prince of Abu Dhabi: Strong political support from the two countries Close cooperation between TAQA/JLEC and ONE, for the development of the project Additional capacity of 2x350 MW, bringing the total capacity of the Jorf Lasfar Thermal Power Plant to 2,056 MW; Units 5&6 is being built on the land parcels adjacent to the current units 1&4: Synergies between the two projects: Common auxiliary equipment Common operator Common human capital 19

20 JORF LASFAR 5&6 PLANT SITE OVERVIEW 20

21 UNITS 5&6 CONSTRUCTION PROGRESS 21

22 DEVELOPMENT CAPACITY JLEC 5&6: A major investment for the Kingdom MW of additional capacity for a total power plant capacity of 2,056 MW 2 USD 1.6 billion expected project costs 3 USD 1.4 billion in multi-currency project financing (the most significant international project financing over the last 10 years in Morocco) Performances 4 "2012 African Power Project Finance Deal of the Year award by Project Finance Magazine and Best partnership Award 2012 in the World Investment Conference North Africa 5 Job creation : Construction phase : 3,000 direct and 2,000 indirect jobs Operation phase : 135 direct and 1,000 indirect jobs 6 Units 5&6 EPC Contract with a consortium of Mitsui & Co (Japan) and Daewoo Engineering & Construction (Korea) 7 Expansion and improvement of the coal terminal facilities for an unloading capacity of over 10 million tons of coal per year 22

23 EXTENSION PORT AND STOCKYARD PROJECT 23

24 CORPORATE SOCIAL RESPONSIBILITY A sustainable and responsible company EDUCATION HEALTH CULTURE ENVIRONMENT Providing school supplies to children Renovations of schools Improving the reduction of school dropout rates Donations to multiple NGOs Medical support to the local communities in the vicinity of the plant, Distribution of medical equipment for the disabled. Mawazine International Festival International Festival of Jawhara El Jadida Moulay Abdellah Moussem (folk festival) Clean Beaches Operation in Sidi Abed and Sidi Bouzid The Environmental week of El Jadida 24