OECD Capital Market Review of Croatia 2021 Capital market ...
NEW POWER PLANTS - Capital Market
Transcript of NEW POWER PLANTS - Capital Market
COMPANY PROFILE
• Power generation, distribution & supply
• Established in 1946
• Capital 1,102 billion EUR (90 % state and 10 % private shar e)• Capital 1,102 billion EUR (90 % state and 10 % private shar e)
• Operates with 2 TPPs (1,165 MW) & 3 HPPs (517 MW)
• 5007 employees
Basic financial information (for 2010)
• Generation 7181 GWh
• Total income 452,5 million €
SINGLE COMPANY
JP EP BiH d.d. (90% state / 10% private)
Distribution and Supply
HQHQ
TPPTPP TUZLATUZLAED SARAJEVOED SARAJEVO
Generation
Trading
TPPTPP TUZLATUZLA
ED ED ZENICAZENICATPPTPP KAKANJKAKANJ
HHPP onPP on NeretvNeretvaa
ED ED TUZLATUZLA
ED ED BIHAĆBIHAĆ
ED ED MOSTARMOSTAR
CONCERN
Concern EP BiH d.d.
EP BiHEP BiH
TPPTPP TUZLATUZLA ED SED Sarajevoarajevo
EP GenerationEP Generation EP DistributionEP Distribution EP SupplyEP Supply EP Coal mines(7)EP Coal mines(7)
Other activitiesOther activitiesTPPTPP TUZLATUZLA
ED ED ZenicaZenica
TPPTPP KAKANJKAKANJ
HHPP onPP on NeretvNeretvaa
ED SED Sarajevoarajevo
ED ED TuzlaTuzla
ED ED BihaćBihać
ED ED MostarMostar
Iskraemeco SarajevoIskraemeco Sarajevo
Eti SarajevoEti Sarajevo
Eldis tehnika Eldis tehnika
ELBiH HotelELBiH Hotel
Other activitiesOther activities
TPP Tuzla
715 MW
3,182 GWh
TPP Kakanj
450 MW
Gen. capacity
Tariff Sales 2010
Total Tariff Sales: 4,194 GWh 60%
Distribution: 3,823 GWh 55%
110 kV: 371 GWh 5%
Market Sales 2010
Annual: 1,629 GWh 1,831 GWh
HYDRO
517 MW
2,168 GWh
Total
1,682 MW
7,181 GWh
Total Sales: 7,042
GWh
695,828 customers
Annual: 1,629 GWh 23%
Short-term: 1,219 GWh 17%
Total trading: 2,848 GWh 40%
GWh
� 1990 6,680
� 1996 2,298
� 2001 5,115
� 2002 5,540
�� 20032003 5,3625,3625000
6000
7000
8000 GWh
Trend Trend -- GenerationGeneration
�� 20032003 5,3625,362
� 2004 6,112
� 2005 5,767
� 2006 6,363
� 2007 6,544
� 2008 7,295
�� 20092009 6,927 6,927
�� 20102010 7,182 +3.7%7,182 +3.7%0
1000
2000
3000
4000
90 92 94 96 98 '00 '02 '04 '06 '08 '10
NEW CAPITAL INVESTMENT IN EPBiH
• Replacement of the existing old units in TPPs with more
efficient units
• Meet the requirements of EU and increase of genera tion• Meet the requirements of EU and increase of genera tion
from renewable energy sources
• Sources/models of financing:
- Equity (own funds)
- Loans
- Bonds
- Joint venture
- Partnership
• TPP Tuzla, Unit 7• TPP Kakanj, Unit 8• TPP Bugojno, Unit 1
• HPP Vranduk• HPP Ustikolina• HPP Kruševo & HPP Zeleni Vir
NEW CAPITAL INVESTMENT IN EPBiH
• TPP Bugojno, Unit 1• CCGT Kakanj
• HPP Kruševo & HPP Zeleni Vir• HPP Čaplje• HPP Janji ći• HPP Kovani ći• SHPP on Neretvica river• WF Podveležje 1• WF Vlaši ć
TPP TUZLA, UNIT 7TPP TUZLA, UNIT 7 450 MW 450 MW / / 2.7562.756 GWhGWh
Replacing cogeneration unit at the existing locatio nReplacing cogeneration unit at the existing locatio n
Project Cost: 842 mill. € (incl. coal mine)
NPV: 173,7 mill. €IRR: 7,50 %Payback period: 17 years
Financing:Joint venture
SStart of construction: …2013In operation: …2018
Status of documentation: Preliminary design completed (incl. Investmentprogram & Environmental impact assessment)
Status of approvals and permits: Environmental permit and Certificate for connection of Unit 7 to the electrical gridobtainedLand permit granted and preliminaryconstruction permit in progress construction permit in progress
Ongoing and plannedactivities : Preparation of tender d ocuments for Unit 7–
“turn key” basisPreparatory works at the locationImplementation of “Program of friendly environment”with Municipality TuzlaDefining of organisation model for construction
TPP KAKANJ, UNIT 8TPP KAKANJ, UNIT 8 300 MW 300 MW / / 1.7551.755 GWhGWh
Replacing cogeneration unit at the existing locatio n
Project Cost: 626 mill. €
Financing:Joint venture
SStart of construction: …2014In operation: …2019
Status of documentation: Preliminary design completed (incl. Investmentprogram & Environmental impact assessment)
Status of approvals and permits: Environmental permit and Certificate for connection of Unit 8 to the electrical gridobtainedLand permit granted and preliminaryconstruction permit in progress construction permit in progress
Ongoing and plannedactivities : Preparation of tender d ocuments for Unit 8–
“turn key” basisImplementation of “Program of friendly environment”with Municipality KakanjDefining of organisation model for construction
TPP AND COAL MINE BUGOJNO, TPP AND COAL MINE BUGOJNO, UNIT 1UNIT 1 300 MW 300 MW / / 1.7551.755 GWhGWh
The new cogeneration unit and coal mine The new cogeneration unit and coal mine
Project Cost: 691 mill. €
Financing:Joint venture
Start of construction: …2017In operation: …2022
Status of documentation: Prefeasibility study completed
Status of approvals and permits: Permit for geological investigation of coalmine obtainedConcession obtaining in progress
Ongoing and planned Contracting and performing of investigation worksOngoing and planned Contracting and performing of investigation worksactivities : Ecological investigati on
Defining of TPP concept – based on results of coalinvestigation
CCGT KAKANJ CCGT KAKANJ 100 MW 100 MW / / 700700 GWhGWh
The new cogeneration unit at the existing locationThe new cogeneration unit at the existing location
Project Cost: 150 mill. €
Financing:Joint venture
Start of construction: …2021In operation: …2024
HHPP VRANDUKPP VRANDUK 19,5619,56 MW MW / 96,38 / 96,38 GWhGWh
Run-of-river, diversion plantRun-of-river, diversion plant
Project Cost: 64,4 mill. €
NPV: 4,29 mill. €IRR: 7,93 %Payback period: 15 years
Financing:Equity and loan
SStart of construction: …2012IIn operation: n operation: …201…20166
Status of documentation: Preliminary design and Environmental impact assessment completed and revised
Status of approvals and permits: Preliminary water approval obtainedEnvironmental permit obtainedConcession obtainedObtaining of land permit in progress
Ongoing and planned Preparation of tenders for design and supply of activities: equipment
HHPP USTIKOLINAPP USTIKOLINA 60 MW 60 MW // 247247 GWhGWh
Run-of-river, plant inside dam
Project Cost: 120 mill. €
Financing:Equity and loan
Start of construction: …2014In operation: …2018
Status of documentation: Prefeasibility study completedPreliminary environmental impact assessment completed
Status of approvals and permits: Preliminary water approval obtained
Ongoing and planned Drafting of Preliminary design and Environmentalactivities: impact assessment in progress
HPP Kruševo: Accumulation, diversion
HHPP KRUŠEVO & HPP ZELENI VIRPP KRUŠEVO & HPP ZELENI VIR9,75+2,13 MW 9,75+2,13 MW // 21,72+8,4021,72+8,40 GWhGWh
HPP Kruševo: Accumulation, diversionHPP Zeleni Vir: Run -of-river, plant inside dam
Financing:Equity and loan
Start of construction: …2015In operation: …2018
Project Cost: 38,8 mill. € (total)
Status of documentation: Elaborate on hydroenergetic utilisation of Bioštica river completed
Status of approvals and permits: Decision of Government of Federation of BiHon proclamation of public interest for construction of HPP Kruševo & HPP Zeleni Vir
Ongoing and planned Drafting of Study on hydroenergeticactivities: utilisation of Bioštica river with Feasibility stud y of
proposed design solution in progress
HHPP ČAPLJEPP ČAPLJE 12,0 MW 12,0 MW // 56,856,8 GWhGWh
Run-of-river, plant inside dam
Project Cost: 33 mill. €
Financing:Equity and loan
Start of construction: …2014In operation: …2017
Status of documentation: Preliminary design – I phase completed
Status of approvals and permits: Decision of Government of Federation of BiHon proclamation of public interest for construction of HPP Čaplje
Ongoing and planned Preparation of tender for Preliminary design – II ph ase activities:
HHPP JANJIĆIPP JANJIĆI 13,3 MW 13,3 MW // 59,759,7 GWhGWh
Run-of-river, plant inside dam
Project Cost: 33 mill. €
Financing:Equity and loan
Start of construction: …2014In operation: …2017
Status of documentation: Study on hydro potential of Bosna river
Status of approvals and permits: Applied for concession
Ongoing and planned Drafting of feasibility study in progress* activities:activities:
HHPP KOVANIĆIPP KOVANIĆI 10,1 MW 10,1 MW // 57,457,4 GWhGWh
Run-of-river, plant inside dam
Project Cost: 33 mill. €
Financing:Equity and loan
Start of construction: …2016In operation: …2019
SHPPs ON NERETVICA RIVER SHPPs ON NERETVICA RIVER 26,4 MW 26,4 MW / / 103103 GWhGWh
15 plants to be constructed in 3 phases15 plants to be constructed in 3 phases
Financing:Equity and loan
Start of construction: …2012In operation (I phase): …2013
Project Cost: 49,6 mill. €NPV: 22,63 mill. €IRR: 11,3 %Payback period: 13,4 years
Status of documentation: Preliminary design completed
Status of approvals and permits: Environmental permit for I and II phase obtainedPreliminary water approval for all phasesobtained
Ongoing and planned Drafting of main design in progressactivities: Preparation of tender for supply of equipment and
construction of I phase plants in progress
WF PODVELEŽJE 1 WF PODVELEŽJE 1 46 MW46 MW / / 92,53 92,53 GWhGWh
Wind farm
Područje vjetroelektrane
Wind farm
Financing:Equity and loan
SStart of construction: tart of construction: …201…20122IIn operation: n operation: …201…20144
Project Cost: 63,9 mill. €NPV: 21,81 mill. €IRR: 12,4%Payback period: 10,6 years
Status of documentation: Feasibility study, preliminary design and main design for construction works completed
Status of approvals and permits: Environmental permit obtainedConcession for utilisation of land obtainedUrban permit obtainedUrban permit obtained
Ongoing and planned Tender for manufacturing, supply, transport andactivities: erection of the equipment prepared
WF VLAŠIĆ WF VLAŠIĆ 48 MW 48 MW / / 98 98 GWhGWh
Wind farm Project Cost: 63,9 mill. €
Financing:Equity and loan
SStart of construction: tart of construction: …201…20144IIn operation: n operation: …201…20166
Status of documentation: Prefeasibility study completed
Status of approvals and permits: Concession for utilisation of land obtained
Ongoing and planned Preparation of wind measure stations assembling activities: in progress
Contact:
Amil KamenicaExecutive director for capital investment
Address: Vilsonovo Šetalište 15, 71 000 Sarajevo, Bosnia and HerzegovinaTelephone: +387 33 75 17 49Telefax: +387 33 75 17 48E-mail: [email protected] www.elektroprivreda.ba