Presented by Ouidad HAMROUR KEROUANI POWERING AFRICA SUMMIT WASHINGTON 9-10 MARCH 2017

Transcription

1 Presented by Ouidad HAMROUR KEROUANI 1

2 CONTEXT CONSISTENCY OF TENDER PROJECT TO INVESTORS CONDITIONS FOR PARTICIPATION IN THE CALL FOR TENDERS ENERGY PROJECT APPROCH CREATION OF PROJECT COMPANIES PARTICIPATION OF PRIVATE ALGERIAN COMPANIES POWER PLANTS CONSTRUCTION REMOVAL OF PRODUCED POWER OPERATING AND MAINTENANCE OF POWER PLANTS POWER PURCHASE AGREEMENT PROJECT FINANCING VOLUME AGREEMENT INDUSTRY PROJECT APPROCH CONSISTENCY OF THE PROJECT CREATION OF JOINT STOCKS PROJECT FINANCING VOLUME AGREEMENT 2

3 Algeria Overview 3

4 ALGERIA OVERVIEW Area 2,381,741 km2 Population 40 millions Algeria Algerian Power Sector (*) Installed capacity 18 GW Peak demand 12.4 GW Peak demand growth 6.10% Capacity under construction 13 GW 4

5 ALGERIA OVERVIEW Global irradiation Annual sunshine The south of Algeria is located in the northwest of the Sahara desert, rich in solar resource with an important sunshine and global irradiation. It s direct normal radiation is 2,700 kwh/m2/year which is amongst the highest in the world, enabling Algeria to develop some large scale solar projects. 5

6 RENEWABLE ENERGIES IN ALGERIA Since the launch of the renewable energy development program, adopted in February 2011 by the Algerian Government, renewable energy production has continued to increase in Algeria. Indeed, the updated renewable energy program consists of installing a renewable power of about 22 GW by 2030 for the national market, with as a strategic objective and If market conditions permit, the possibility to export power. 6

7 RENEWABLE ENERGIES IN ALGERIA HYBRID POWER PLANT The first hybrid power plant solar / gas in Algeria SPP1 (Hassi -R'mel ) with a capacity of 150 MW composed of a combined cycle Multi-Shaft (2TG + 1TV) with a solar contribution (cylindro-parabolic mirrors) equivalent to 25 MWe. 7

8 RENEWABLE ENERGIES IN ALGERIA WIND POWER PLANT The first wind power plant in Algeria (Adrar) of 10,2 MW composed of 12 wind turbines 850 kw each. 8

9 RENEWABLE ENERGIES IN ALGERIA 345 MWp PHOTOVOLTAIC POWER PROJECT Several photovoltaic power plants of capacity of 345 MWp. 9

10 Call for tenders to investors 10

11 CONTEXT Within the national energy policy framework of renewable energies development, the Algerian Ministry of Energy is planning to launch a call for Tenders to Investors for the implementation of a multiannual program of photovoltaic solar power plants with a total capacity of about 4050 MWp. This tender to investors will be backed by the construction of a minimum two or several factories acting in the field of photovoltaic solar power plants equipment and components manufacturing. For this end, "CEEG" Electricity and Gas Engineering Company (SONELGAZ subsidiary, Spa) had been charged by the Minister of Energy to prepare & manage this call for tenders to Investors. For the launching of this call for tenders to investors, an executive decree is finalized, it defines the necessary legislative and regulatory conditions and process. At the present stage, the decree is under publication. 11

12 CONSISTENCY OF THE TENDER PROJECT TO INVESTORS The call for tenders to Investors is based on two (02) components : ENERGY Creation in partnership of a joint-stock company to ensure : Financing, EPC, Commissioning and Operation, maintenance of Photovoltaic Power Plants distributed by batch of 1,350 MWp to be carried out by annual parts to reach a total power of 4050 MWp. the commercialization of the produced electricity, in accordance with the Algerian laws & regulations. INDUSTRY Creation in partnership of joint-stock companies in charge of : Financing, realization EPC, Operating & Maintenance of manufacturing factories of cells & photovoltaic modules, inverters,... Commercialization of the manufactured products; and all necessary activity for its development within the frame of the photovoltaic sector value chain. 12

13 Who can participate in this Call for tenders to investors? 13

14 THE PARTICIPATION IN THE INVITATION TO TENDER INVESTORS Open to any natural or legal person, alone or in a consortium, who wishes to invest capital for the realization of solar photovoltaic power plants. Conditioned by The submission of an offer for the realization of an "Industrial Project" intending to create two or more joint stocks responsible for the construction, operation, & maintenance of manufacturing factories as well as the marketing of Industrial Products. The investor, if he is not himself a manufacturer, must be accompanied by at least a manufacturer of photovoltaic cells and modules and a by a manufacturer of inverters, & eventually by a manufacturer of other equipments and services, part of the photovoltaic production line expected on his Industrial Project. 14

15 ENERGY PROJECT APPROACH 15

16 ENERGY PROJECT Energy Project 4050 MWp Batch 1 : 1350 MWp Batch 2 : 1350 MWp Batch 3 : 1350 MWp Project Company 1 Project Company 2 Project Company 3 16

17 ENERGY PROJECT For each Batch Breakdown of share capital SONATRACH and SONELGAZ will be associated with the Retained Investors, each of those investors will take a stake in the share capital of the project company; Either alone or in association with public and / or private companies. The Solar Power Plants will be carried out by these Project Companies. 40% 11% 49% Investor Sonatrach The Energy Project will be Build - Own - Operate "BOO. Sonelgaz & Public or private companies 17

18 ENERGY PROJECT PARTICIPATION OF ALGERIEAN PRIVATE COMPANIES The Algerian private companies are also invited to take part in this call for tenders to investors. These companies have to advance foreign bidders, so their application in each of the two components: the energy one and the industry one, will be allowed. However, It is specified that for the Energy Component, the maximum participation rate in the capital of each of the Project Companies is limited to 6% for Algerian private companies. For the Industrial Component, the participation rate of Algerian private companies will be determined in coordination with the Ministry of Industry and Mining. It has to be mentioned that the foreign partner's participation will be limited to 49%. 18

19 ENERGY PROJECT POWER PLANTS CONSTRUCTION Construction of the Solar Power Plants could be carried out by the Project Companies or by other contractors (subcontractors). The EPC could be an Individual Contractor or a Consortium. Each EPC proposed by the Bidder, must have references in Power Plant Projects execution particularly photovoltaic ones. The Bidder should comply with good industrial practices and international standards for the construction of Photovoltaic Solar Power Plants and demonstrate that Construction Contracts comply with international standards of Photovoltaic Power Plants execution. 19

20 ENERGY PROJECT REMOVAL OF PRODUCED POWER The project companies (through an agreement with power transmission GRTE) would be also responsible for financing and construction of the evacuation and the connection to electricity grids. 20

21 ENERGY PROJECT POWER PLANT OPERATING & MAINTENANCE Operation and maintenance of the solar power plants should be ensured, preferably by the Project Companies. If not, by another O&M who may be an Individual Contractor or a Consortium. POWER PURCHASE AGREEMENT A Power Purchase Agreement (PPA) for the commercialization of the generated power; for over a 20-years operating period for each Power Plant of each batch; will be settled up between each Project company and the Purchaser (System Operator "OS. Spa" and SONATRACH spa). The total power generated from power plants will be taken and paid by the Purchaser. 21

22 ENERGY PROJECT PROJECT FINANCING The Energy Project's indebtedness needs must be met by "non-recourse" financing, based on the unique profitability of the Project. The investment will be financed as follows: Financing Dept Capital Financed by the shareholders according to the level of participation in the capital of the Project Company 30% 70% Financed by bank loan 22

23 ENERGY PROJECT PROJECT FINANCING Each Engaged Energy Investor is required to mobilize the necessary financing to : The realization of power plants subjects of the Energey Project batch for which it was retained; and The realization of evacuation and connection facilities of these power plants to the GRTE transmission network. 23

24 ENERGY PROJECT VOLUME AGREEMENT Each Energy Project Company should conclude with each of industry joint stock a Volume Agreements which will guarantee the purchase of the products manufactured by the Industrial Project factories. Those Volume Agreements should specify the delivery schedules of the Industrial Products, the prices and their revision, terms of payment, the penalties, etc. 24

25 INDUSTRY PROJECT APPROACH 25

26 INDUSTRY PROJECT The Industry Project consists on the creation of several joint-stocks responsible for financing, realization, operation and maintenance of cells and photovoltaic modules and inverters manufacturing factories and may be other Manufacturing factories for other equipments. Those joint-stocks will also be responsible for supplying services within the photovoltaic power generation "Industrial Products" as well as the marketing of the manufactured products, which are primarily used to equip the Power plant s three (03) batches of the Energy Project. 26

27 INDUSTRY PROJECT For the manufacture of photovoltaic cells and modules, the National Company of Electronic Industries "ENIE", a subsidiary of ELEC EL DJAZAIR Public Group and SONELGAZ holding company, will be associated either alone or with public and / or private companies and the engaged Industrial Investor, through capital s shares acquisition of the joint stock which will be responsible for construction of the plant. PV Social share capital Breakdown 51% 49% Investor ENIE / Sonelgaz / public and / or private companies 27

28 INDUSTRY PROJECT For the manufacturing of inverters and all other products selected for the Industry Project, the Ministry of Industry and Mines will define partners to associate with SONELGAZ holding company, public or private companies, and each of the Industrials Investors engaged for these Products. PV Social share capital Breakdown Investor 51% 49% Partner / Sonelgaz / public or private companies 28

29 INDUSTRY PROJECT PROJECT FINANCING Each Engaged Industrial Investor is required to mobilize the necessary financing of the Industrial Project factories completion in order to manufacture the Product for which the Investor will be retained. The investment will be financed as follows : Financing Dept Capital Financed by shareholders according to the level of participation in the capital of the Project Company 30% 70% Financed by bank loan 29

30 INDUSTRY PROJECT VOLUME AGREEMENT The marketing of products manufactured by the industrial project factories will be guaranteed by Volume Agreements that will be signed between each Energy Project Company and each of industry joint stock for the purchase of the Industrial Products. Those Volume Agreements will define mechanism and modalities of the industrial products guarantee like delivery schedules, terms of payment, penalties, etc. 30

31 Thanks for paying attention شكرا الهتمامكم 31