mr. andy biffen chief executive officer, shamal azzour
TRANSCRIPT
Session 4: Potential & Lucrative Investment Opportunities فرص متاحة وواعدة: الإستثمار: الجلسة الرابعة
Mr. Andy Biffen Chief Executive Officer, Shamal Azzour
Implementation of Kuwait’s First IWPP Shamal Azzour Al-Oula
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Andy Biffen – CEO Shamal Azzour
Project location
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Site location: Azzour North Phase 1
Kuwait City Kuwait
Project Structure
Shamal Azzour
Azour North One
PIFSS/KIA KAPP/Kuwaiti
citizens*
40%
Shareholders Agreement
10% 50%
Sumitomo ENGIE
(GDF Suez) Al Sagar
Consortium Agreement Bidderco SHA
43.75% 12.5% 43.75%
17.5% 5% 17.5% indirect % investment in ProjectCo
Financing Agreements
MEW
JBIC BTMU** STCD** SMBC**
NBK
ECWPA Land Leases
Kuwait Oil Company
Fuel Supply Agreement
O&M Consortium Agreement
O&M Co SHA
EPC Contract
O&M Agreement
O&M Co
HHI/SIDEM
GE
50% / 50%
Sub-Contract LTSA+
*KAPP – Kuwait Authority for Partnership Projects (50%) until after an IPO to Kuwaiti public shareholders ** Covered NEXI’s insurance
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Implementation Status AZN1 Site – January 2014
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Implementation Status April 2014
30% Completed
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Implementation Status Civil works for Early Power Units April 2014
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Plant Overview – Early Power 18.5 months!
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Implementation Status Early Power Units - March 2015
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Current Implementation Status
Power Facility 1550MW (10% peak Kuwait Demand)
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Implementation Status Water Distillers – 107 million gallons per day
(20% Kuwait’s demand)
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Site Event – December 2015
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Implementation Status March 2016 (27 months)
96.3% Completed
