JDR Cable Systems, a global provider of subsea power cables, offshore
umbilical systems and specialised marine cables has been awarded the
contract for the supply of subsea power array cables for the first phase
of London Array Offshore Wind Farm by the project consortium of DONG
Energy, E.ON and Masdar.
The first phase of the development, consisting of 175 wind turbines and
2 offshore substations will be installed in water depths of up to 23
meters some 20km (12 miles) from the Kent and Essex coasts in the outer
Thames Estuary. The wind farm will be connected by subsea export cables
to an onshore substation at Cleve Hill, on the North Kent coast. From
the substation, the electricity will be fed into the existing 400kV
transmission network.
The scope awarded to JDR includes the engineering, design and
manufacture of over 200km of 33kV array cables complete with proprietary
hang-off and termination systems providing the essential link between
individual wind turbine generators, wind turbine generator arrays and
the offshore substations. The cables will be produced in 2010 and 2011.
“The London Array project team were very clear in their determination to
procure array cables that would provide the highest long-term
reliability available in the market. JDR’s dedication to the highest
levels of quality management and continuous improvement, developed over
many years of providing subsea power cables and umbilical systems for
deepwater oil & gas projects, is fully aligned with the needs of
offshore wind farm operators. We shall also be providing JDR’s
proprietary array cable termination systems, which have been
specifically designed to minimise offshore installation costs. We are
very pleased that JDR was selected as the array cable supplier and we
look forward to embarking on this world class project,” stated Patrick
Phelan, managing director of JDR Cable Systems Ltd.
When complete the first phase of London Array will be among the world’s
largest offshore wind farms, delivering up to 630MW. This is enough
power for approximately 470,000 homes and will make a substantial
contribution to the UK Government’s target of providing 15% of all
electricity supply from renewable sources by 2015.
“JDR has made significant investments over the last three years to
address the growing and vital renewable energy initiatives taking hold
in the UK and other parts of the world. Our plant in Hartlepool was
carefully chosen to be located in the heart of the UK offshore community
to best serve their ambitious projects yet optimally service all of
Northern Europe and other geographies around the world”, commented Pat
Herbert, group CEO, JDR Cable Systems (Holdings) Ltd.
Richard Rigg, the London Array Project Director stated that “London
Array Limited and its Shareholders are very pleased that JDR Cable
Systems have been successful in acquiring this scope of work and that
the project is supporting the new UK facilities developed by JDR at
Hartlepool to serve the offshore wind industry.”
About JDR Cable Systems
JDR is a leading provider of custom-designed and manufactured static and
dynamic subsea power cables, umbilical systems and marine cables for a
broad range of applications throughout the oil and gas sector, offshore
renewable energy industry, and seismic and defence markets.
JDR was featured in The Sunday Times Buyout Track 100 of the UK’s top
Private Equity-owned businesses. JDR ranked twelfth on the annual list
of 100 companies, and was the highest Original Equipment Manufacturer on
the list.
About the London Array Consortium
London Array Limited has three shareholders: E.ON, DONG Energy and
Masdar.
E.ON is one of the UK’s leading power and gas companies – generating and
distributing electricity, and retailing power and gas – and is part of
the E.ON group, the world’s largest investor-owned power and gas company.
DONG Energy is one of the leading energy groups in Northern Europe. We
are headquartered in Denmark. Our business is based on procuring,
producing, distributing and trading in energy and related products in
Northern Europe.
Masdar, wholly owned by the Mubadala Development Company (Mubadala), is
Abu Dhabi’s multi-faceted initiative in the development and
commercialization of renewable energy and sustainable technology.
Wednesday, December 16, 2009
Tuesday, December 15, 2009
Ratchaburi Holding Reports progress of 1,878-MW Hongsa Thermal Power Plant Project - signing 25-year concession agreement for electricity generation
Ratchaburi Electricity Generating Holding Public Company Limited (Ratchaburi Holding) has reported to the Stock Exchange of Thailand (SET) that Hongsa Power Co., Ltd. (HPC) and Phu Fai Mining Co., Ltd. (PFMC), both of which are joint venture companies with 40% and 37.5% respectively of equity acquired by Ratchaburi Holding are set to the operate Hongsa Thermal Power Plant project. The concession agreement was signed yesterday with the Lao PDR. (November 30, 2009).
According to the concession agreement, HPC will perform obtain a concession for electricity generation whereas PFMC will receive a concession for lignite mining from the Lao PDR. Both agreements have 25-year durations starting date of commercial operations for electricity generation and lignite mining.
Mr. Noppol Milinthanggoon, the President of Ratchaburi Electricity Generating Holding PCL., said that “the concession agreement signing between HPC and Lao PDR. is a significant milestone for the Hongsa Thermal Power Plant project, which is a joint investment by the Company, Banpu Group and LHSE (Lao Holding State Enterprise). This is an IPP with a high project value, which combined the expertise of the joint-ventures. Ratchaburi Holding has a proven record in IPP project development and management while Banpu Group has expertise in the coal mining industry and LHSE has long standing experience in electricity utility development in the Lao PDR. With the above mentioned factors, the Company strongly believes that this project will enhance the stability of the electricity system in both Thailand and the Lao PDR.”
Hongsa Thermal Power Plant is coal-fired using lignite as the primary fuel for electricity generation. It is a shared equity enterprise from Ratchaburi Holding with 40%, Banpu Power Co., Ltd. with 40% and Lao Holding State Enterprise with 20%. With a total installed capacity of 1,878 MW, the project has 3 units, 626 MW each, and it is expected to start commercial operation by 2015. According to the MOU signed on May 13, 2009, electricity of 1,473 MW will be sold to the Electricity Generating Authority of Thailand (EGAT) and approximately 100 MW will be sold to Electricite du Laos: EDL to support the power demands of the Lao PDR, the remainder will be used for the lignite mining operation and the project’s electricity generation.
According to the concession agreement, HPC will perform obtain a concession for electricity generation whereas PFMC will receive a concession for lignite mining from the Lao PDR. Both agreements have 25-year durations starting date of commercial operations for electricity generation and lignite mining.
Mr. Noppol Milinthanggoon, the President of Ratchaburi Electricity Generating Holding PCL., said that “the concession agreement signing between HPC and Lao PDR. is a significant milestone for the Hongsa Thermal Power Plant project, which is a joint investment by the Company, Banpu Group and LHSE (Lao Holding State Enterprise). This is an IPP with a high project value, which combined the expertise of the joint-ventures. Ratchaburi Holding has a proven record in IPP project development and management while Banpu Group has expertise in the coal mining industry and LHSE has long standing experience in electricity utility development in the Lao PDR. With the above mentioned factors, the Company strongly believes that this project will enhance the stability of the electricity system in both Thailand and the Lao PDR.”
Hongsa Thermal Power Plant is coal-fired using lignite as the primary fuel for electricity generation. It is a shared equity enterprise from Ratchaburi Holding with 40%, Banpu Power Co., Ltd. with 40% and Lao Holding State Enterprise with 20%. With a total installed capacity of 1,878 MW, the project has 3 units, 626 MW each, and it is expected to start commercial operation by 2015. According to the MOU signed on May 13, 2009, electricity of 1,473 MW will be sold to the Electricity Generating Authority of Thailand (EGAT) and approximately 100 MW will be sold to Electricite du Laos: EDL to support the power demands of the Lao PDR, the remainder will be used for the lignite mining operation and the project’s electricity generation.
Monday, December 7, 2009
Free Green Technologies Seminar and Exhibition
The Royal Danish Embassy in Bangkok is hosting a combined green technology exhibition and seminar as a lead-up to the COP15 conference in Copenhagen in December 2009.
Beside the invited government and state enterprise officials, academics in engineering and architecture, and corporate firms with interest in green tech¬nologies and energy reduction, the Danish Embassy would like to invite interested among the public. The seminar is free of charge and will be held in Thai language.
Different green technology products will be presented during the whole day event comprising of solar panels, cooling systems based on the burning of biomass suitable for larger cooling systems and buildings, organic waste water treatment systems, smart solutions for electric grids that reduced the usage of electricity, low energy houses, machinery for the fishing/shrimp industry that reduced the usage of water and chemicals, recycling of organic waste and others.
It is expected that 300 delegates, including government officials, academics, and business people with interest in eco technologies will be participating in the event. H.E. Dr. Wannarat Channukul, Minister of Energy in Thailand and the Danish Ambassador to Thailand, H.E. Michael Sternberg will preside over the opening ceremony.
Beside the invited government and state enterprise officials, academics in engineering and architecture, and corporate firms with interest in green tech¬nologies and energy reduction, the Danish Embassy would like to invite interested among the public. The seminar is free of charge and will be held in Thai language.
Different green technology products will be presented during the whole day event comprising of solar panels, cooling systems based on the burning of biomass suitable for larger cooling systems and buildings, organic waste water treatment systems, smart solutions for electric grids that reduced the usage of electricity, low energy houses, machinery for the fishing/shrimp industry that reduced the usage of water and chemicals, recycling of organic waste and others.
It is expected that 300 delegates, including government officials, academics, and business people with interest in eco technologies will be participating in the event. H.E. Dr. Wannarat Channukul, Minister of Energy in Thailand and the Danish Ambassador to Thailand, H.E. Michael Sternberg will preside over the opening ceremony.
Glow’s profitability on track in Q3 2009
Glow Group (“Glow”) posted consolidated total revenues of THB 25,836 million, Earnings Before Interest Taxes Depreciation and Amortization (“EBITDA”) of THB 5,743 million and Normalized Net Profit (“NNP”, net profit before unrealized foreign exchange gains and losses) of THB 2,669 million for the 9 months of 2009.
The 3rd quarter NNP of 2009 for Glow stood at THB 899 million. The key drivers for the result were strong industrial customers’ sales, whose power and steam consumption have returned back to normal levels since mid year, and favorable operating margins, where fuel prices have stabilized along with the electricity tariffs.
The 3rd quarter result is THB 274 million below the previous quarter, mainly because of two key reasons. First, unlike in the previous quarter, the 3rd quarter result does not include the business interruption compensation for the outage earlier this year of the 150 MW coal-fired Unit 1. The Company expects to receive the remaining business interruption claim of more than THB 100 million. Secondly, there was lower availability in the 3rd quarter due to a minor forced outage and a one-month major maintenance of the 150 MW coal-fired Unit 2, which was deferred from the previous quarter, the total effect was a reduction in profitability in the 3rd quarter by about 100 million baht. The 4th quarter plant availability is expected to return to normal as there is no other major maintenance scheduled until later 2011
Mr. Esa Heiskanen, the CEO of Glow Group commented: “The operation and performance of the Group have returned to normal and our industrial customer sales volumes have returned to expected levels. Our operating margin has also recovered to normal levels as the Ft remains high and fuel prices have stabilized .”
Mr. Esa continued to add “We are following up very closely on what the impact of the temporary suspension ruling has on our numerous customers in Map Ta Phut, Glow currently has all the necessary permits for our expansions, including the 115 MW coal-fired, 382 MW gas-fired, and 660 MW coal-fired IPP. Our expansions will utilize proven technology to ensure low emissions and will include reduction in emission from our existing plants, where the net result will be an improvement in the overall air quality in Map Ta Phut. We are confident that our projects are environmentally sound and will benefit surrounding communities as the total emission from our existing and new plants would be lower than current levels.
”Glow’s year-to-date interest expenses and corporate income tax have increased from same period last year. The effective tax rate has gradually been increasing year on year, as tax privileges for some of Glow’s older plants are starting to expire. However, the overall effective tax rate for the group will come down after the tax exemption period begins for the expansion projects after commercial operation starting in 2010.
Mr. Suthiwong Kongsiri, the CFO of Glow Group further explained: “The increased interest expenses is not due to higher funding costs but it is reflecting the higher debt level due especially to our strategy to pre-fund some of our funding needs at the beginning of the year, this strategy is aimed at mitigating liquidity risk which has resulted from troubles in global financial market. We now have the necessary funding through to the 2nd quarter of 2010 and are very confident in our ability to secure the remaining funds needed for our expansion projects, thanks to our solid business fundamentals, robust performance and improved market conditions.”
About Glow Energy
Glow Energy is a member of the Glow Group who is a major energy player in Thailand. Glow Group combined installed capacities include 1,860 MW (Glow’s stake is 1,775 MW) of electricity and 967 tons per hour of steam.
Glow Group generate and supply electricity to Electricity Generating Authority of Thailand (EGAT) under Thailand's SPP (Small Power Producer) and IPP (Independent Power Producer) programs, as well as electricity, steam, industrial water and services to large industrial customers principally located in the Map Ta Phut area and nearby.
GDF SUEZ Energy Europe & International is Glow Energy’s major shareholder and is a division of the GDF SUEZ Group, one of the largest international industrial and services groups in the world.
The 3rd quarter NNP of 2009 for Glow stood at THB 899 million. The key drivers for the result were strong industrial customers’ sales, whose power and steam consumption have returned back to normal levels since mid year, and favorable operating margins, where fuel prices have stabilized along with the electricity tariffs.
The 3rd quarter result is THB 274 million below the previous quarter, mainly because of two key reasons. First, unlike in the previous quarter, the 3rd quarter result does not include the business interruption compensation for the outage earlier this year of the 150 MW coal-fired Unit 1. The Company expects to receive the remaining business interruption claim of more than THB 100 million. Secondly, there was lower availability in the 3rd quarter due to a minor forced outage and a one-month major maintenance of the 150 MW coal-fired Unit 2, which was deferred from the previous quarter, the total effect was a reduction in profitability in the 3rd quarter by about 100 million baht. The 4th quarter plant availability is expected to return to normal as there is no other major maintenance scheduled until later 2011
Mr. Esa Heiskanen, the CEO of Glow Group commented: “The operation and performance of the Group have returned to normal and our industrial customer sales volumes have returned to expected levels. Our operating margin has also recovered to normal levels as the Ft remains high and fuel prices have stabilized .”
Mr. Esa continued to add “We are following up very closely on what the impact of the temporary suspension ruling has on our numerous customers in Map Ta Phut, Glow currently has all the necessary permits for our expansions, including the 115 MW coal-fired, 382 MW gas-fired, and 660 MW coal-fired IPP. Our expansions will utilize proven technology to ensure low emissions and will include reduction in emission from our existing plants, where the net result will be an improvement in the overall air quality in Map Ta Phut. We are confident that our projects are environmentally sound and will benefit surrounding communities as the total emission from our existing and new plants would be lower than current levels.
”Glow’s year-to-date interest expenses and corporate income tax have increased from same period last year. The effective tax rate has gradually been increasing year on year, as tax privileges for some of Glow’s older plants are starting to expire. However, the overall effective tax rate for the group will come down after the tax exemption period begins for the expansion projects after commercial operation starting in 2010.
Mr. Suthiwong Kongsiri, the CFO of Glow Group further explained: “The increased interest expenses is not due to higher funding costs but it is reflecting the higher debt level due especially to our strategy to pre-fund some of our funding needs at the beginning of the year, this strategy is aimed at mitigating liquidity risk which has resulted from troubles in global financial market. We now have the necessary funding through to the 2nd quarter of 2010 and are very confident in our ability to secure the remaining funds needed for our expansion projects, thanks to our solid business fundamentals, robust performance and improved market conditions.”
About Glow Energy
Glow Energy is a member of the Glow Group who is a major energy player in Thailand. Glow Group combined installed capacities include 1,860 MW (Glow’s stake is 1,775 MW) of electricity and 967 tons per hour of steam.
Glow Group generate and supply electricity to Electricity Generating Authority of Thailand (EGAT) under Thailand's SPP (Small Power Producer) and IPP (Independent Power Producer) programs, as well as electricity, steam, industrial water and services to large industrial customers principally located in the Map Ta Phut area and nearby.
GDF SUEZ Energy Europe & International is Glow Energy’s major shareholder and is a division of the GDF SUEZ Group, one of the largest international industrial and services groups in the world.
Bangkok Bank supports 3 KSL projects valued at more than Baht 8 billion
Bangkok Bank is providing Baht 8,134 million of financial support to Khon Kaen Sugar Industry (KSL) to invest in 3 new projects at Bo Ploy District, Kanchanaburi Province.
Bangkok Bank Senior Executive Vice President and Head of Corporate Banking, Chansak Fuangfu, said Bangkok Bank has signed an agreement to provide loans of Baht 8,134 million to Khon Kaen Sugar Industry (KSL) and its subsidiaries, including New Krung Thai Sugar Factory Co., Ltd., Khon Kaen Sugar Power Plant Co., Ltd and Khon Kaen Alcohol Co., Ltd.
Mr. Chansak added that under the loan agreement, New Krung Thai Sugar Factory Company will use the funds to relocate its sugar mill from Tamaka District to Bo Ploy District, Kanchanaburi Province, and expand its production capacity, from 8,385 tons of cane per day (TCD) to 20,400 TCD. The sugar from this factory will be distributed to large food and beverage manufacturers in Thailand and other countries as a key ingredient of their products. Major export markets are Indonesia, Japan, the Philippines, Russia and China.
In terms of alternative energy investment projects, the Khon Kaen Sugar Power Plant Company will build its second plant with an electricity production capacity of 90 MWH using biomass and biogas as raw materials. The company will sell electricity and steam to the Electricity Generating Authority of Thailand and KSL’s subsidiaries.
The third and final project under this agreement is Khon Kaen Alcohol Company’s construction of a second plant. This plant will produce up to 200,000 litres of ethanol per day from molasses and other waste products from sugar production process. Ethanol is mixed with gasoline to make the vehicle fuel, gasohol.
“KSL Group’s investments increase sugar productivity and add value to the by-products of sugar manufacturing,” concluded Mr Chansak. “The company’s investment in value-added projects also supports the government’s energy and environmental policies. Sugar production is one of Thailand’s core industries and Thailand is the second-largest sugar exporter after Brazil, exporting mainly to countries in Asia.”
Bangkok Bank Senior Executive Vice President and Head of Corporate Banking, Chansak Fuangfu, said Bangkok Bank has signed an agreement to provide loans of Baht 8,134 million to Khon Kaen Sugar Industry (KSL) and its subsidiaries, including New Krung Thai Sugar Factory Co., Ltd., Khon Kaen Sugar Power Plant Co., Ltd and Khon Kaen Alcohol Co., Ltd.
Mr. Chansak added that under the loan agreement, New Krung Thai Sugar Factory Company will use the funds to relocate its sugar mill from Tamaka District to Bo Ploy District, Kanchanaburi Province, and expand its production capacity, from 8,385 tons of cane per day (TCD) to 20,400 TCD. The sugar from this factory will be distributed to large food and beverage manufacturers in Thailand and other countries as a key ingredient of their products. Major export markets are Indonesia, Japan, the Philippines, Russia and China.
In terms of alternative energy investment projects, the Khon Kaen Sugar Power Plant Company will build its second plant with an electricity production capacity of 90 MWH using biomass and biogas as raw materials. The company will sell electricity and steam to the Electricity Generating Authority of Thailand and KSL’s subsidiaries.
The third and final project under this agreement is Khon Kaen Alcohol Company’s construction of a second plant. This plant will produce up to 200,000 litres of ethanol per day from molasses and other waste products from sugar production process. Ethanol is mixed with gasoline to make the vehicle fuel, gasohol.
“KSL Group’s investments increase sugar productivity and add value to the by-products of sugar manufacturing,” concluded Mr Chansak. “The company’s investment in value-added projects also supports the government’s energy and environmental policies. Sugar production is one of Thailand’s core industries and Thailand is the second-largest sugar exporter after Brazil, exporting mainly to countries in Asia.”
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