20110509 benbw brief
TRANSCRIPT
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Istanbul
9 May 2011
BORUSAN EnBW Enerji
Brief Introduction:
Who we are?
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INDEX
Borusan EnBW Partnership
Borusan Holding
EnBW AG
Strategic Focus & Targets
Values Processes
Organigram
Projects
1
2
3
5
6
78
9
10
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Conclusion of Negotiations
25 APR 09
Sign of
PartnershipAgreement
31.JUL 09Closing
BORUSAN AND ENBW PARTNERSHIPFIRST CONTACT DURING 2008 DAVOS SUMMIT
2
50% 50%
Borusan Holding A.S. EnBW Holding A.S.
Established in 2007 as the energy arm
of Borusan Holding Borusan Enerji
intends to be a leading player focusedon renewable energy in the rapidly
developing Turkish electricity
generation sector.
EnBW Holding A.S was established in2009 in Ankara as a 100% subsidiary of
EnBW AG and its representative
company in Turkey.
Partnership Agreement was signed in
April 2009.
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PARENT COMPANIESBORUSAN HOLDING
Market leadership
(1st or 2nd in the TR business segments)
One of the top 5 most admiredconglomerates in Turkey
Extensive use of modern management
tools (6 sigma, Strategy Execution, VOC)
Number of employees: 5.304
Young team(average age of top 40 people : 40)
Founded in 1944
Kocabıyık Family 100% owner of Borusan Holding
Conglomerate strategy with B2B focus Growth with partners (mostly 50/50)
Strong export culture ( 09 exports
615 m$ to over 50 countries)
Operating in 8 countries
3
BMW / Mini Land Rover
Caterpillar
1,848 m USD 1,335 m USD 276 m USD 6 m USD 23 m USD
STEEL DISTRIBUTORSHIP LOGISTICS ENERGY OTHERS
Steel PipeFlat Steel Port Operations
3 PL integrated
logistics services
Renewable Energy
Generation
News investments in
hydro plants and wind
farms
Engine
valvesUsed
car
auction
BORUSAN HOLDING 2010 CONSOLIDATED REVENUES – 3,5 b $
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PARENT COMPANIESEnBW – ENERGIE BADEN-WURTTEMBERG AG
Third-largest energy company in Germany
Business segments: generation & trading,
grid & sales, gas, energy and envir. services
Annual revenue 2010: in excess of € 17 bn
Generation Capacity: 15.498 MW
Generation by resources
Customers: some 6 million
Employees: more than 20,000
4
EnBW group 2010 2009
Fossil energy % 34 29
Nuclear power % 51 55
Renewable energies % 11 11
Other % 4 5
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STRATEGIC FOCUS AND TARGETS JV HAS A PREDEFINED TARGET: 2000 MW INSTALLED CAPACITY BY 2020 WITH A RENEWABLE FOCUS
Critical Year
to lay thefoundations
of thecompany
20111000 MWlicensedprojects
20141000 MWinstalledcapacity
20162000 MWinstalledcapacity
2020
Target activity area includes allenergy sources except nuclearpower
Target activity area includes thewhole value chain*
46%54%
25%
25%
50%
OthersWindHydro
Current Portfolio
(711 MW)
Target Portfolio
(2.000 MW)
5
*Transmission is under state monopoly and will likely continue to be in the future. Distribution is not at the focus in the short or medium term.
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JV PROJECTSBANDIRMA WEPP IS IN OPERATION & YEDİGÖL/AKSU HEPP WILL PUT INTO OPERATION IN 2011
Tunceli
Erzurum
Ordu
Çanakkale
Hatay
Ankara
Balıkesir
Sinop
Fatsa45 MW
Kaletepe60 MW
Bozkaya32 MW
Bursa
Kırmızılar 45 MW
Bandirma60 MW
Çınarpınar 50 MW
Elmalı 50 MW
İnceburun35 MW
Mut50 MW
Şenbük 30 MW
Koru50 MW
Harmanlık12 MW
Mersin
YedigölAksu
50 MW
Giresun
Alara
138 MW
Under construction
Operating
6
Wind
Wind - 1st November applications
Hydro Dam
Hydro RoR
OPTIONAL
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BANDIRMA WEPPBANDIRMA WEPP’S 2010 GENERATION IS 161,2 GWh
BANDIRMA ENERJİ
Project Type WEPP
License/Maturity Status
Location Bandırma – Balıkesir
CAPEX 110 mUSD
Installed Capacity
(MW)
60 MW
Net Annual Generation
(GWh)
161.2 GWh (budgetted annual generation 177,7 GWh
Availability 98,03 % (2010 value, max 100, min 52,4, stdev: 4,8%)
Recent Developments Carbon Certificates; stakeholders meeting has completed
30.12.2010. Carbon certificates under validation level.
Validation process will be finished 2011 June.
Licence
Date
BEE Acquisition
Date
Investment Start Generation
Start
31.12.2007 Apr. 2008 Sept. 2008 Sept. 2009
7
OPTIONAL
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YEDİGÖL AKSU HEPP YEDİGÖL AKSU HEPP IS PLANNED TO BE OPERATIONAL IN 2011
YEDİGÖL - AKSU
Project Type Hydro
License/Maturity Status Licenced
Location Erzurum - İspir
Basin Çoruh River – Aksu Branch
CAPEX 104 mUSD (estimated CAPEX)
Installed Capacity
(MW)
50
Net Annual Generation
(GWh)
135
Recent Developments Main construction works started in 2009.
Preliminary Acceptance of Yedigöl HEPP was
presented to Ministry of Energy and Natural
Resources and General Directorate of State
Hydraulic Works for approval and temporary
admission.
Timeline Start of Construction (Service Roads) Q3 2008
Commissioning Yedigol Q2 2011
Commissioning Aksu Q3 2011
8
OPTIONAL
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FATSA HEPPFATSA HEPP
9
FATSA
Project Type Hydro
License/Maturity Status License approval will be completed with the initial design.
Location Ordu
Basin -
CAPEX 90,4 m USD (estimated CAPEX)
Installed Capacity
(MW)
45,3
Net Annual Generation
(GWh)
175
Recent Developments Main construction works started in 2009. JV is
proceeding with site investigations, final design and
detailed engineering.
Grid connection approval is completed.
License approval will be completed with the initial
design.
Environmental & social impact pre-assessment is
completed with a special consultant (AECOM).
Communication strategy is defined and stakeholder
Engagement Plan is established (ENCORE).
Site visit is done & initial courtesy visits to local
authorities started in line with the plan.
Timeline Start of Construction Q4/2012
Commissioning Q3/2015
OPTIONAL
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Thank you…