Introduction to Agua Imara

Introduction to Agua Imara
By Einar Stenstadvold
Chief Executive Officer
Content
► The Mission and Business Model
► Ambitions and Experiences
► Agua Imara has started construction of Hydropower plant in
Panama
► Agua Imara has acquired Hydropower company in Zambia
► Agua Imara is targeting Mozambique
”Hydropower”
Agua means Water or Hydro in Spanish and Portuguese
Imara means Power or Strength in Swahili
Our mission:
“To become a leading renewable energy company in
Africa and Central America,
with a main focus on hydropower, contributing to economic
growth and sustainable development”
Statkraft Group
► Europe’s largest renewable energy company
► 282 plants, 16 000 MW and 57 TWh in power production
► Develops and generates hydropower, wind power,
gas fired power and district heating
► A major player on the European power exchange
► Gross operating revenues of EUR 3.7 billion in 2010
Norfund
► The Norwegian Investment Fund for Developing Countries
► Develops and establishes profitable and sustainable enterprises in
poor countries
► Africa is a priority
► At the end of 2010, Norfund had a committed portfolio of NOK 5.8 billion
SN Power Group, Established June 2002
► Owned by Statkraft (60%) and Norfund (40%)
► Owns & operates 15 hydro power plants and one wind power plant
► Several plants under construction, rehabilitation and development
► Net installed capacity: 1140 MW
► Mean annual generation: 5.0 TWh/yr
► 427 employees in twelve countries
► CDM projected credit volume: 1.6 Mt/CO2
BKK
► Owned by Municipalities in Western Norway (50,1%) and Statkraft (49,9%)
► Owns & operates 31 hydro power stations with installed capacity of 1,685 MW
and an average annual production of 6.7 TWh
Trønder Energi
► Owned by Nordmøre Energiverk AS and Municipalities in Mid-Norway
► Owns or has an interest in, 19 hydro power plants with an installed capacity of
420 MW and two wind-power plants
► Generation in 2009 was 2,105 GWh, of which 198.3 GWh was wind power
It is our owners heritage and experience we sell to the
markets in Central America and Sub-Sahara Africa
► Hydropower equals electricity in Norway , and using this tremendous experience
and expertise “is” Agua Imara:
•
More than 100 years of Norwegian hydropower development
•
10 years of pioneering efforts by Statkraft in Laos and Nepal in the 90’s
•
10 years of SN Power experience in Asia and South America after year 2000
► Agua Imara name and logo commits us to execute according to the heritage
► We must execute and operate hydropower better than most others
It is our ambition to do everything we can to fill this role.
- It is our “license to operate”
Renewable energy projects are
complex and expensive to develop
► Our best efforts include the following:

Move people and resources into the project organizations
 Team up with the best possible local partners and consultants
 Follow international well proven standards of conduct
 Use our owners experience and methods
 Avoid using agents and expensive and risky middlemen
 Solve the “showstoppers” first
 Avoid “shortcuts”
A well proven project process is a valuable tool,
but do not substitute good business judgment
Organization structure Agua Imara
Agua Imara AS
Headquarters Oslo - 5 people + 2 full-time consultants
SN Power ACA Holding Pte Ltd
Singapore - 2 people
Regional Branch Office
Regional Branch Office
Central America
4 people
Africa
2 people
Fountain Intertrade Corp
The Bajo Frio Project
Lunsemfwa Hydro Power
Company
Panama
11 people
Zambia
58 people
The Bajo Frio Hydropower Project
50,1% Agua Imara 49,9% CrediCorp Group
► 220 MUSD (1,2 Billion NOK) total investment
► Construction has started in 2011, in operation from early 2014
► 58 MW capacity - 260 GWh average annual production
Lay out of the Bajo Frio Project
Agua Imara acquires 51% of Lunsemfwa
Hydropower Company in Zambia
Lunsemfwa
Mulungushi
Facts about Lunsemfwa Hydropower Company
► Independent Power Producer established
in 2001 when Zambian mining
conglomerate ZCCM was privatized
► Owner/operator of
•
Mulungushi
two ageing hydropower plants (46.5MW) with
two large upstream storage/regulation reservoirs:
- Mulungushi: 28.5 MW, 235-250 GWh/year
- Lunsemfwa: 18 MW, 150-160 GWh/year
•
•
•
66 kV transmission infrastructure
80 km road network
Lunsemfwa is currently being extended with
another 6 MW.
► Off-takers
•
•
Zesco 95% (=Zambia’s “Statkraft”)
Chiman 5% (Chinese mining company )
► Concession holder for Lower Lunsemfwa
Lunsemfwa
and Mukushi hydropower development
(200 MW - 400 MW)
Big potensial in Lunsemfwa Hydropower Company
► Water use 38 m³/sec out of 60 m³/sec
► Side rivers downstream are not used
►“Head” use is 480 m out of 950 usable
meters
► Simple mathematics shows a large
potential
If we used 10 % of the likely expansion to
electrification, we can electrify 10 % of
all households
Agua Imara in Mozambique
Agua Imara is currently looking into two projects in Mozambique
► Alto Malema (50-60 MW)
• The Alto Malema project is located about 10 - 15 km northeast of Gurue in the Zambezia Province. The project will
transfer water from the Malema River to the Innari River
► Massingir (25-60 MW)
• The Massingir dam is located on the Elefantes River in
southern Gaza province and it is provided for a power plant
at the foot of the dam.
Alto Malem
Massingir
www.aguaimara.com