Longyuan Mulilo De Aar 2 WEF 138.96 MW Onshore Wind Energy
Facility Presented by: Longyuan Mulilo De Aar 2 North (Pty) Ltd
Constantin Hatzilambros
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Agenda: Project Information Shareholding Information Project
Technical Information Financial Information Economic Development
Information Anticipated CODs Questions
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Project Information: Project Name:Longyuan Mulilo De Aar 2
North WEF Project Company: Longyuan Mulilo De Aar 2 North (Pty) Ltd
Project Size:138.96 MW Contracted Capacity Project
Technology:Onshore Wind Energy, 3 Bladed Horizontal Wind Turbine
Generators Property Details:Project site consist of several farms,
20 km north east of De Aar, in the Philipstown Regional
District.
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Longyuan Mulilo De Aar 2 North WEF Project Locations
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Shareholder Information:
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Shareholder Information: China Longyuan Power Group Corporation
Limited China Longyuan Power Group Corporation was established in
January 1993 as a wholly-owned subsidiary of China State Power
Corporation. By the end of June 2009, CLYPG has developed more than
50 wind energy facilities distributed in 17 provinces and regions;
its wind power installed capacity has exceeded 3000 MW. The brand
Longyuan Wind Power has been awarded The Most Valuable 500 Brands
in Asia by Asia International Famous & Fine Brand Attestation
Intendance Center and other institutions after their joint review.
Today, Longyuan ranks first in Asia and fifth in the world in terms
of wind power installed capacity.
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Shareholder Information: China Longyuan Power Group Corporation
Limited Longyuan Wind Energy Facilities
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Technical Information: Contracted Capacity (MW) 138.96 MW
Maximum Export Capacity (MW)138.96 Wind Turbine Generator (WTG)
Type & Nameplate Capacity 3 Bladed, Horizontal Axis 1.5MW WTG
Model Number: United Power UP86 - 1500 Hub Height (m)80 WTG Rotor
Diameter (m)86 Number of WTGs 96 Planned voltage connection
level:132 KV Planned connection point: Eskom-Build from the WEF
Substation to the Hydra Substation. The Line will be owned and
operated by Eskom and the Point of Common Connection is thus the
WEF Substation on the HV side of the transformer.
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Financial Information: The project is expected to be funded via
a project finance agreement, with a 75/25 debt/equity split. Debt
financing will be funded by Nedbank Limited acting through its
Nedbank Capital Division, and the Industrial Development
Corporation of South Africa Limited. Debt (75%): 1.Nedbank
Capital37.5% 2.IDC37.5% Equity (25%): 1.Mulilo Wind Enterprises20%
2.Longyuan SA Renewables60% 3.Mulilo De Aar 2 North Community12.5%
4.Ule Energy7.5%
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Economic Development Information: The Project has maximised the
components of economic development in line with the guidelines of
the DOE. The jobs created during construction and operations are
substantial and a considerable amount of in house training for
employees will be done during operations. The local content is high
and the project will use locally manufactured towers. The black
ownership by the local community is 12.5%, and 7.5% is owned by
black women who have active involvement in the energy sector. The
management control for the Project Company and EPC and O&M
contractor will be predominantly black female in accordance with
the employment criteria. The Project has provided a preferential
procurement plan which will be formulated into a detailed plan
prior to financial close. The Project has identified numerals
sustainable outsourcing opportunities especially during the
operations period.
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Economic Development Information: The Project includes a high
level enterprise development procurement which will translate into
a range of opportunities for enterprise for the region. We have
offered substantial financial resources and believe that this level
of commitment is required to provide a sustainable enterprise
development model. A community assessment report has identified the
many social issues which are typical in the historically
disadvantaged regions of our country. The Project has committed a
sizeable financial resources, which we believe will make a huge
difference to the entire community. The Project will engage top
economic development consultants to guide this process. The members
of the Consortium have a long term vision to developing renewable
projects in South Africa. We believe this Project represents a good
balance between price and economic development, and encapsulates
all the guidelines of the Department of Energys REIPP Procurement
Programme.
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Anticipated Commercial Operation Date: The Project expects to
achieve COD by: 25 March 2016 This timeframe depends on the
expected Eskom commissioning timeframe to be published in the
Budget Quote by end of June 2014.