Mr. Andy Biffen Chief Executive Officer, Shamal Azzour
Transcript of Mr. Andy Biffen Chief Executive Officer, Shamal Azzour
Session 4: Potential & Lucrative Investment Opportunities فرص متاحة وواعدة: الإستثمار: الجلسة الرابعة
Mr. Andy Biffen Chief Executive Officer, Shamal Azzour
Project Structure
Shamal Azzour
Azour North One
PIFSS/KIA KAPP/Kuwaiti
citizens*
40%
Shareholders Agreement
10% 50%
Sumitomo ENGIE
(GDF Suez) Al Sagar
Consortium Agreement Bidderco SHA
43.75% 12.5% 43.75%
17.5% 5% 17.5% indirect % investment in ProjectCo
Financing Agreements
MEW
JBIC BTMU** STCD** SMBC**
NBK
ECWPA Land Leases
Kuwait Oil Company
Fuel Supply Agreement
O&M Consortium Agreement
O&M Co SHA
EPC Contract
O&M Agreement
O&M Co
HHI/SIDEM
GE
50% / 50%
Sub-Contract LTSA+
*KAPP – Kuwait Authority for Partnership Projects (50%) until after an IPO to Kuwaiti public shareholders ** Covered NEXI’s insurance
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