CEZ WIND PARK IN ROMANIA Fantanele & Cogealac ADRIAN BOROTEA CORPORATE AFFAIRS DIRECTOR - CEZ ROMANIA

Transcription

1 CEZ WIND PARK IN ROMANIA Fantanele & Cogealac ADRIAN BOROTEA CORPORATE AFFAIRS DIRECTOR - CEZ ROMANIA Conferinta Parteneriat Public-Privat Bucuresti 28 septembrie 2010

2 CEZ GROUP IS STABLE INTERNATIONAL UTILITY ACTIVE IN MORE THAN 10 COUNTRIES OF CSEE Date: Version: Presented 1

3 CEZ GROUP IN ROMANIA Sales and distribution services Sales services Satu Mare Baia Mare Suceava Botosani Fantanele & Cogealac wind farms Arad Timisoara Oradea Zalau Cluj-Napoca Alba lulia Deva Sibiu Bistrita Tîrgu Mures Miercurea Ciuc Brasov Piatra Neamt Sfîntu Gheorghe Bacau Focsani Iasi Vaslui Galati Fantanele and Cogealac Wind Park will be together the largest onshore wind park in Europe The total capacity: 600 megawatts Total investment of CEZ Group into the project will reach billion Resita Tîrgu Jiu Rîmnicu Vîlcea Pitesti Ploiesti Buzau Braila Tulcea Drobeta- Turnu Severin Tirgoviste Slobozia Craiova Slatina Alexandria Giurgiu Bucuresti Calarasi Constanta Date: Version: Presented 2

4 Renewable Energy Sources (RES) supporting scheme legislation mandatory quota for suppliers combined with a system of green certificates (GC) trading Eligible are producers generating energy from: Wind energy, Solar energy, Geothermal energy, Biomas, Waves energy, Hydro power plants less than 10 MW, commissioned or rehabilitated starting 2004 Each supplier has a given percentage (a mandatory quota) obligation for green certificates and can comply with its quota obligation by purchasing green certificates on the green certificates market (bilateral contracts at negotiated prices and/or monthly centralised market of green certificates). Electricity can be sold via bilateral contracts at regulated prices (only for producers less than 1 MW), or free at negotiated price The certificates are issued monthly by the TSO OPCOM administrates trading and certificates ownership at the end of the period The bids for GC are honoured once per month; the clearing price applies for all the participants. Date: Version: Presented 3

5 Law no.139/2010 It updates law 220/2008, incentivizing more such investments and notification answering to EC questions on Some clean producers receive for each 1 MWh produced more than 1 GC: 2 GCs for wind energy for the electricity generated until 2017 and 1 GC starting 2018, 3 GCs for new hydro, 2 GCs for rehabilitated hydro and 6 GCs for solar energy Supporting scheme applicable for units to be commissioned/rehabilitated until end of 2016: 15 yrs to new units, 10 yrs for rehabilitated hydro units below 10 MW, 7 yrs for second hand units and 3 yrs for nonrehabilitated hydro below 10 MW) GC may be traded within price limits: from 27 EURO/CV to 55 EURO/CV in 2010; starting 2011 (until 2025), limits will be inflated with EU27 inflation index; after 2025, minimum value cannot be lower than 2025 one If suppliers will not achieve mandatory quota at end year, they will pay 110 EURO/CV (inflated starting 2011 by EU27 index) to TSO who will allocate the amounts to residentials who will invest into renewable sources below 100 kw New quota values to be supported until 2020 are: ,26% 6,28% 8,30% 10% 12% 14% 15% 16% 17% 18% 19% 19,5% 20% Date: Version: Presented 4

6 FANTANELE WIND PARK MULTIPLIED INSTALLED WIND CAPACITY IN ROMANIA BY 25 TIMES Overview of the installed capacity and annual electricity production Installed capacity Annual Electricity Production MW/ Fuel 8, GWh 28, ,000 24,000 6,000 20,000 5,000 4,000 3,000 2,000 1, ,374 7,472 7,278 Coal 5, ,11 0 5,03 6 1,413 1,413 1,413 Nuclear 6,352 6,377 6,414 Water Wind 16,000 12,000 8,000 4, ,975 26,711 27,531 Coal 11,509 11,054 8,902 Hydrocarbons Hydrocarbons 7,708 5,616 17,10 05 Nuclear 27 18,3 15,916 17,10 05 Water Wind Source: CEZ research Date: Version: Presented

7 WIND FARMS PROJECT IN FANTANELE AND COGEALAC WILL BE THE LARGEST ON-SHORE WIND FARM BUILT IN EUROPE Basic information about wind farms CEZ project Both wind farms Two wind farms projects in Dobrogea county, between villages of Fantanele and Cogealac (north of Constanta, 17 km west of the Black Sea coast); Total projected size: 240 WTGs (1) of 2.5MW installed capacity of 600MW; The project will be the largest onshore wind farm in Europe; Once wind farms are operational, CEZ will have 10 % share on the Romanian market with renewable energy, including big hydro. Fantanele Project 1 st phase of the project 139 wind turbines; To be finished this autumn; Construction has started in October 2008 Currently, we have erected 131 WTGs, build 100 km of roads, laid more than 140 km of cables 33 kv and 110 kv 4 Transformer Substations 110 / 33 kv One Transformer Substation 400 / 110 kv, connected to Transmission Grid Cogealac Project 2 nd phase of the project 101 wind turbines; To be finished at second half of 2011; Signed contract for with GE for supply of 101 WTGs (same as for Fantanele project) more than 130 km of cables 33 kv and 110 kv 4 Transformer Substations 110 / 33 kv Note: (1) WTG Wind Turbine Generator Source: CEZ Date: Version: Presented 6

8 FANTANELE & COGEALAC PROJECT IS DESIGNED TO PROVIDE 600 MW CAPACITY OF THE ECOLOGICAL ENERGY Overview of the key technical parameters of Fantanele & Cogealac project Technical parameter Description Total generation capacity Wind turbine generators composition Energy transformation 600 MW 240 generators (generation capacity 2.5 MW each) 100m hub height, 99m rotor diameter Generators are connected to seven 33 kv/110kv substations, which deliver on 110kV level to the Main Transformer Station which connects the Fantanele wind farm on the 400kV grid line Constanta -Tulcea operated by Transelectrica. Selected technical information on Wind Turbine Generators (WTG) Producer: General Electric Maximum speed: 73.6 m/s Blades material: fiber glass epoxy resin/polyester Cut-in wind speed: 3 m/s Cut-out wind speed: 25 m/s Rated power output: 2.5 MW Tower: tubular steel, 100m Source: CEZ; General Electric Date: Version: Presented 7

9 FANTANELE & COGEALAC PROJECT CONDITIONS FOR REACTIVE POWER COMPENSATION WindFREE Reactive Power Technology is used Wind turbines are GE 2.5xl 50 Hz, cos φ 0.9 type; Electric generator is a permanent magnet and in 4 quadrant IGBT Converter; By using GE technology with LVRT WindRIDE-THRU operating system is ensured uninterrupted operation in case of network perturbations; By using WindCONTROL System the power and voltage adjusting is possible to operate the wind farm as a conventional electrical generator; Through WindFREE Reactive Power Technology, the turbines can generate / absorb reactive power even with No wind; 40 turbines can operate with WindFREE Reactive Power system and can absorb up to kva with NO wind. Only 34 such turbines would be needed to compensate for reactive generated by the cable grid which is kva (about); In Conclusion The system is able to compensate reactive power from wind farm grid, regardless of wind speed. Source: CEZ; General Electric Date: Version: Presented 8

10 CEZ IS KEEPING A CONSISTENT PUBLIC FRIENDLY POLICY TO THE COMMUNITIES Selected public related activities of CEZ Partnership with communities Long-term partner for the communities Acknowledging its role and supporting their development Supporting the local infrastructure projects CEZ is currently building its relationship and involvement as partner, discussions with both the authorities and citizens The village's infrastructure and facilities for the people are just some of the focus subjects Dedicated to improving the quality of life in the community Sub-constructing work to local companies Creating jobs for local citizens Choosing local companies as partners (Eraos, Fantanele construction works) Supporting commerce (economical development) of the area Date: Version: Presented 9

11 SUMMARY OF WIND PROJECT KEY ASSUMPTIONS USED IN PROJECT Useful Life of wind farm - 25 years Efficiency of Wind Turbines comparable with the most efficient Wind Farms Positive trends in develpment of prices of energy and green certificates refflecting also inflation 2 Green certififcates till Green certificate for Repairs and maintenance costs comparable with European standards Start of full operation of Fantanele part in 10/2010 Only 12 full time employees Positive legal environment supporting investments into green technologies 1 Date: Version: Presented 10

12 CEZ TRADE responsible for ELECTRICITY OFF-TAKE, IMBALANCES and BROKER FOR GREEN CERTIFICATES MARKET Trading model green certificates Balancing Market Power plant Power plant Power plant Mutual delivery agreements TOMIS TEAM MWh ČEZ, a.s. Trading MWh OTC market MW INVEST DAM CEZ Vanzare CEZ Trading team Advisory and/or brokerage Managment of agreements, deliveries Other suppliers OTC OPCOM Date: Version: Presented 11

13 PICTURES FROM THE SITE (1) Pouring of blinding concrete Mounting of ring for foundation Pouring of blinding concrete Construction of adapter ring and steel installation Date: Version: Presented 12

14 PICTURES FROM THE SITE (2) Installation of adaptor ring Installation of cables Date: Version: Presented 13

15 PICTURES FROM THE SITE (3) Installation of first WTG (FE8) Installation of first WTG (FE8) Date: Version: Presented 14

16 PICTURES FROM THE SITE (4) Installation of blades Date: Version: Presented 15

17 PICTURES FROM THE SITE (5) MTS 400kV side Date: Version: Presented 16

18 PICTURES FROM THE SITE (6) Date: Version: Presented 17

19 PICTURES FROM THE SITE (7) Date: Version: Presented 18

20 Thank you very much for your kind attention!