32
Energía limpia para nuestro futuro Congreso Regional de Energía – ASI San Salvador – Julio 20, 2016

Energía limpia para nuestro futuro Congreso Regional de Energía

  • Upload
    lamcong

  • View
    217

  • Download
    0

Embed Size (px)

Citation preview

Page 1: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía limpia para nuestro futuro Congreso Regional de Energía – ASI

San Salvador – Julio 20, 2016

Page 2: Energía limpia para nuestro futuro Congreso Regional de Energía

Energia del Pacífico - El Salvador - Page 2

BACKGROUND

Page 3: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 3

355 MW Tender Highlights

§  The Purpose of the tender was the supply 355 MW of power and its associated energy to seven private distribution companies in El Salvador.

§  PPAs for 20 years

§  Fuel Cost + O&M are pass through costs

§  Coal and LNG permitted (Fuel Oil and pet coke banned)

§  Bid due October 1st, 2013.

§  Fourteen PPAs with local Distribution Companies in El Salvador

Page 4: Energía limpia para nuestro futuro Congreso Regional de Energía

Energia del Pacífico - El Salvador - Page 4

ABOUT US

Page 5: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 5

§  Energía del Pacífico, LTDA. de C.V. (EDP) has been granted an International Tender organized by the government of El Salvador for a 20 year Power Purchase Agreement (PPA) to deliver 355 MW and its associated energy.

§  The Commercial Operation Date (COD) is in 2019.

§  The Project Site is located in the port of Acajutla, Departamento de Sonsonate, República de El Salvador in Central America.

§  The Tender Process for the PPA was carried out under the supervision of the Salvadorian General Superintendence of Electricity and Telecommunications (SIGET).

ABOUT US

Page 6: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 6

SHAREHOLDING STRUCTURE

Invenergy: A US company (Majority Shareholder)

Quantum Energy: A private company from El Salvador (Minority Shareholder)

Page 7: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 7

Shell: §  LNG supply

MAIN SUPPLIERS

Wärtsilä: •  Design & Build of the Power

Generation Plant and supply the power generation engines.

Page 8: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 8

ABOUT INVENERGY §  Invenergy was founded in 2001, it develops, owns and operates

power generation and energy storage facilities around the world, carrying out various Clean Energy projects (Wind, Solar, Natural Gas, Cogeneration and Energy Storage) in North America and Europe.

§  Invenergy is headquartered in Chicago, with regional offices in Denver, Toronto, Mexico City, Warsaw and Tokio.

§  In addition to their projects they have a portfolio of more than 80

initiatives of power generation in Wind, Solar, Natural Gas, Cogeneration and Energy Storage that are currently in various stages of their development, construction or operation, with a total capacity exceeding 10,000 MW.

Page 9: Energía limpia para nuestro futuro Congreso Regional de Energía

Energia del Pacífico - El Salvador - Page 9

PROJECT  OVERVIEW  

Page 10: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 10

Project Site: Port of Acajutla, El Salvador

Acajutla Port

The Project Site is located within the property of CEPA in the Port of Acajutla (the main port of El Salvador).

Acajutla LNG Project

Site

(378 MW) (300 MW)

Acajutla  Port  (Exis1ng)  

New  Infrastructure  

Page 11: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 11

LNG Terminal and Power Plant Conceptual Design

LNG Terminal: •  LNG terminal capable to receive large

LNG carriers (up to 165,000 m3) •  Offshore storage •  Concept design by Moffat & Nichol

Regasifica3on  Barge  •  50,000  m3  storage  capacity  •  Offshore  regasifica1on  

Power  Plant:  •  378  MW    •  Reciproca1ng  engines  in  

Combined  cycle  

Electrical  Substa3on  

Subsea  NG  pipeline  

FSU  125,000-­‐140,000  m3  

Page 12: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 12

Current Marine Layout (by SPT and OSL)

Page 13: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 13

Hybrid LNG Storage

Page 14: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 14

§  Weather hedge: Regasification Barge Tank allows for long enough buffer to remove FSU in case of bad weather conditions. Cofferdam structure surrounding the Regasification Barge can be concrete or sheet piling.

§  Capex: Keeps project cost competitive. FSU charter rates are attractive compared to the cost of similar size land storage.

§  Proven concept §  LNG: Could be considered the most environmentally friendly Fossil

fuel, because it has the lowest CO2 emissions per unit of energy and because it is suitable for use in high efficiency combined cycle power stations

Hybrid LNG Storage

Page 15: Energía limpia para nuestro futuro Congreso Regional de Energía

15

Power Plant Specifications §  19 natural gas Wärstilä engines 50SG in combined cycle mode

§  Simple cycle mode: 348 MW §  Steam turbine: 30 MW

§  Net Output: 378 MW §  Heat Rate : 7800 BTU/kWh (HHV)

430MW Wartsila Flexicycle in Dominican Republic

Page 16: Energía limpia para nuestro futuro Congreso Regional de Energía

Energia del Pacífico - El Salvador - Page 16

WÄRTSILÄ  Wärtsilä, was founded in 1834, currently a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets, emphasizing sustainable innovation and total efficiency. A Supplier of ultra-flexible Power Plants of up to 600 MW, operating various gaseous and liquid fuels. Wärtsilä will be responsible in our Project for the Design & Construction of the Power Generation Plant, as well as providing materials and equipment.

Page 17: Energía limpia para nuestro futuro Congreso Regional de Energía

Energia del Pacífico - El Salvador - Page 17

SHELL  As a result of an International Tender for the Liquefied Natural Gas (LNG), that was supervised by SIGET, EDP received the official approval to proceed with the negotiations regarding the long-term purchase sale contract for LNG with Shell, whose bid was rated as the most competitive among all binding offers received. Shell is also one of the largest LNG Shipping Operators around the world.

Page 18: Energía limpia para nuestro futuro Congreso Regional de Energía

Energia del Pacífico - El Salvador - Page 18

Transmission Line Transmission Line

Page 19: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 19

Acajutla LNG to Power Project Milestones

Page 20: Energía limpia para nuestro futuro Congreso Regional de Energía

Energia del Pacífico - El Salvador - Page 20

ENERGY  SECTOR      

Page 21: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 21

Energy Sector Institutional Framework Institution Role Description

C.N.E. Comisión Nacional de Energía

Governmental Authority

Creation of policies and strategies for the energy sector

SIGET Superintendence of Electricity and Telecommunications

Governmental Regulatory Authority

Regulation of both the Energy and Telecommunications Sectors.

UT Independent System Operator

System Operator

Transmission system and Wholesale market operation

Distribution Companies Seven privately owned energy distribution companies (see table below)

DISCO Owner % Contract Rating

CAESS

AES (74%)

44.7% A+

CLESA 16.2% -

EEO 10.7% A+

DEUSEM 2.7% -

DELSUR Empresas Públicas de Medellin 24.3% AA-

EDESAL Local Investors 0.6% -

B&D Local Investors 0.9% -

Page 22: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 22

Power Generation Mix (MW)

48% Thermal

32% Hydro

14% Geothermal

6% Biomass Hydro  power  reached  

peak  poten1al  

Page 23: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 23

Breakdown of Power Generation for 2012 (GWh)

Source: CNE Boletín Resúmen Annual 2012

Bunker

Hydro

Geothermal

Page 24: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 24

Electrical Interconnection Project

SIEPAC Grid  Interconnec1on  

Project  Site  

Page 25: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 25

PPA Revenues Payment Capacity: §  Fixed payment based on the Power Plant´s available capacity. Set by regulator.

Associated Energy: §  Take-or-pay contract for 70% of the energy from 355 MW (contracted capacity). §  Paid by DISCOs regardless if System Operator dispatches or doesn’t the Power Plant.

Page 26: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 26

Associated Energy and Spot Sales

DISCO energy demand

Associated energy

Spot sales

The Associated Energy of the Project, mirrors the daily DISCOs demand curve pro-rata for the 355 MW contracted capacity.

§  Spot sales based on additional demand from the 70% DISCO load factor §  System Operator dispatches the energy from the power plant based on

marginal cost (fuel + O&M) §  Spot sales projected to account for less than 20% of revenues

Disco Max. demand

Disco Energy demand

Project Associated Energy

Spot Sales

Page 27: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 27

Project Structure

Page 28: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 28

LNG consumption vs. Power Plant Dispatch Sensitivity

 10    

 12    

 14    

 16    

 18    

 20    

 22    

 24    

 26    

60%   65%   70%   75%   80%   85%   90%   95%   100%  

Trillion  BT

U  /  year  

Dispatch  Rate  

Fuel    Demand  [T  Btu/yr]  vs.  Dispatch  

23  

17  

Page 29: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 29

Projected LNG Demand •  Average monthly LNG consumption: 80,000 – 90,000 m3 •  Range requested between 14-23 Trillion BTU per year

Page 30: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 30

Fuel Supply under the PPA The PPA establishes Three periods for disclosing the fuel supply terms:

It is expected to have the LNG supply contract approved by SIGET before June, 2016

Initial Period:

Contracted Period:

Remaining Period:

1 year, 2019. Project strategy approved by SIGET, is to request a long term contract for 12 years, starting on the 2nd year of operation of the power plant.

12 years, 2020-2031.

7 years, 2032 – 2038.

Page 31: Energía limpia para nuestro futuro Congreso Regional de Energía

Energía del Pacífico- El Salvador - Page 31

LNG Power in the Energy Sector Demand vs. Distance to site

Page 32: Energía limpia para nuestro futuro Congreso Regional de Energía

Visit us at: www.energiadelpacifico.com