General information on TAQA JLEC Power Plant

General information on TAQA JLEC Power Plant
Agenda
Visit Dutch Delegation on March 19th 2014
•
14h30 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
A DYNAMIC GROWING SECTOR
Power Sector Strategy
Additional capacity breakdown – MW (2020)
ƒ Total installed capacity to
expand at an AAGR of 10.4%
between 2012 and 2020
Of which 700 MW
from JLEC 5&6
ƒ 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
9 Short term 2009 – 2012 :
National Priority Action Plan
to ensure a balance between
supply and demand for
electricity by increasing the
capacity of power generation
2.338
6.677
2.000
14.757
1.720
472
1.000 (1)
550
27%
19%
4%
12%
5%
29%
21%
Capacity Hydro
2012
Coal
Coal & Other
Gas thermal
Wind
Solar
Capacity
2020
133
96
61
30
2003
2006
2009
2012
Base case
51
2015
2018
2021
High case
2024
2027
2030
42% from renewable energy
14%
14%
21%
29%
35%
27%
2009
2015
2020
Coal
Electricity consumption forecast – TWh (2003-2030)
10%
14%
8%
11%
9Medium term 2013 – 2019 :
Energy mix based on strong
and efficient technologies
(coal, development of
renewable energy, natural
gas)
9Long term 2020 – 2030 :
Rise of renewable energy
expected to account for 42%
of the total installed capacity
in 2030
Energy mix of the installed capacity
Gas
Hydro
Solar
Wind
Fuel
ƒ 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.
ƒ The national context :
9 Since 2002, the installed capacity grew at an AAGR of
4.4% between 2002 and 2012
9 Morocco’s demand for primary energy is expected to
double by 2020 and triple in 2030
9 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 2013
3
OUR CONTRIBUTION TO MOROCCO
Largest Independent Power Producer of Morocco
Installed capacity – MW (2012)
7%
4%
Energy production – GWh (2012)
3% 1%6%
18%
1%
13%
38%
20%
18%
51%
20%
Thermal
JLEC
Hydro
Gas
Combined
STEP
Wind
STEP
Thermal
JLEC
Wind
Auto-producers
Comments
Local electricity demand coverage - GWh (2012)
5%
Hydro
ƒ 20% of the Moroccan installed capacity with 1,356 MW in 2012
2% 1%
9%
33%
ƒ 38%
of the national production, i.e.10,191 GWh in 2012
ƒ 32%
of the national demand of electricity
18%
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
TAQA IS A LEADING GLOBAL IPP COMPANY
•
Ownership in 17 IPP/IWPPs* in 7 countries
•
>16 GW (gross) power assets in operation/under expansion
INDIA
• Neyveli: 100% ownership of 250 MW lignite‐fired plant
• Himachal Pradesh: 100% ownership in a 100 MW hydro plant
UNITED STATES
• 50% ownership in 205.5 MW wind farm • 85% ownership of 764 MW CCGT toll
MOROCCO
GHANA
• Jorf Lasfar: 85,8% ownership of 2056 MW coal‐fired plant • (700 MW under construction)
• Takoradi: 90% • Jubail: 25% ownership of 342 MW ownership in 250 plant (CCGT expansion)
MW open cycle plant
* IWPP: Independent Water and Power Project
SAUDI ARABIA
OMAN
UAE
• 40% of Sohar
• 54% ownership of (9 aluminium smelter + IWPP) 14,094MW and 1,000 MW CCGT 887 MIGD
plant
ONE VISION
The general policy led by the Company revolves around the following main axes:
• Perform its contracts over the remaining concession period (2011‐2027) 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
JLEC OVERVIEW
A constant evolution
JLEC key dates
1997
2005
ƒ
Incorporation of JLEC by ABB and CMS
ƒ
PPA with ONE to operate two existing units (1 & 2)
and to build and operate two new units (3 & 4)
ƒ
Incorporation of TAQA
2007
ƒ
Acquisition of JLEC by TAQA
2009
ƒ
Signature of a strategic partnership between TAQA,
JLEC and ONE to extend the capacity of JLEC by
two new units (5 & 6)
2012
2014
2027
2044
ƒ
JLEC secured multi-currency debt loan totaling
approximately US $1.4 billion
ƒ
Launching unit 5 operations in the first quarter of 2014
ƒ
Launching unit 6 operations in the second quarter of 2014
ƒ
Expiry of the first PPA (units 1 to 4)
ƒ
Expiry of the second PPA (units 5 & 6)
JLEC’s structure and production capacity
100%
(indirect)
34%
(indirect)
66%
JLEC 5&6
Unit 1
330 MW
Unit 2
330 MW
Unit 3
348 MW
Unit 4
348 MW
Unit 5
350 MW
Unit 6
350 MW
Total
2,056 MW
7
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
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 1 356 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
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
GOOD SAFETY PERFORMANCE
11
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 14001 and OHSAS 18001.
12
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 1997.
• 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
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 17025 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
JORF LASFAR PLANT SITE OVERVIEW
15
OUR PERFORMANCES
A solid track record
Over 91% average annual plant availability
1
Over 94,92% completion rate for JLEC 5&6 as of 24th December 2013
2
3
10 million tons/year of coal terminal capacity and an uploading rate up to
30,000 tons per day
Performances
4
5
6
A strict policy regarding Hygiene, Health, Safety and Environment in line with
the World Bank guidelines
Top quartile independent power plant in the world
• ISO 14001 environmental management certification
• OSHAS 18001 health and safety management certification
• ISO 9001 certification by Lloyds for Coal Terminal Operation Quality
Management ( 2008 version)
16
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
1 356 MW
38% of the
demand of
Morocco in
electricity in
2012
A 35 day
safety stock
17
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
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
Š 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:
Š Synergies between the two projects:
‐ Common auxiliary equipment
‐ Common operator
‐ Common human capital 19
JORF LASFAR 5&6 PLANT SITE OVERVIEW
20
UNITS 5&6 CONSTRUCTION PROGRESS
21
DEVELOPMENT CAPACITY
JLEC 5&6: A major investment for the Kingdom
1
700 MW of additional capacity for a total power plant capacity of 2,056 MW
2
USD 1.6 billion expected project costs
USD 1.4 billion in multi-currency project financing (the most significant
international project financing over the last 10 years in Morocco)
3
4
Performances
5
6
7
"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
Job creation :
Construction phase : 3,000 direct and 2,000 indirect jobs
Operation phase : 135 direct and 1,000 indirect jobs
Units 5&6 EPC Contract with a consortium of Mitsui & Co (Japan) and Daewoo
Engineering & Construction (Korea)
Expansion and improvement of the coal terminal facilities for an unloading
capacity of over 10 million tons of coal per year
22
EXTENSION PORT AND STOCKYARD PROJECT
23
CORPORATE SOCIAL RESPONSIBILITY
A sustainable and responsible company
EDUCATION
HEALTH
Providing school
supplies to children
Donations to
multiple NGOs
Renovations of
schools
Medical support to
the local
communities in the
vicinity of the
plant,
Improving the
reduction of school
dropout rates
Distribution of
medical equipment
for the disabled.
CULTURE
Mawazine
International
Festival
International
Festival of Jawhara
El Jadida
ENVIRONMENT
Clean Beaches
Operation in Sidi
Abed and Sidi
Bouzid
The Environmental
week of El Jadida
Moulay Abdellah
Moussem (folk
festival)
24