May 2016 - Globeleq

May 2016
Globeleq is an experienced developer, owner
and operator of independent power projects in
Africa. Since it was founded in 2002, Globeleq
has become a power industry leader on the
continent and is committed to providing
safe, reliable and affordable power to the grid,
significantly contributing to the social and
economic growth in the region.
Supported by its shareholders, CDC Group plc and Norfund, the
development finance institutions of the UK and Norway, Globeleq
continues to grow its business by investing capital to enhance
performance of its existing assets and develop new utility scale
power generation in African countries.
Globeleq currently owns, operates and has investments in more
than 1,200 MW of electricity generation in Africa. It plans to develop
and contribute an additional 5,000 MW to the region over the next
10 years. Amongst its immediate pipeline of projects, Globeleq
is planning a 125 MW expansion to one of its existing plants in
Cameroon, building 450 MW of new generation in Ghana;
a 65 MWp solar plant in Egypt and another 140 MW in South Africa.
Globeleq’s experienced team of professionals bring a unique
approach to Africa’s electricity sector, tapping into a depth of
knowledge and skills which have resulted in the successful building
of grid scale power stations using an array of technologies, including
gas, wind, solar and HFO generation. All Globeleq facilities are
operated to high standards of employee and public health and safety,
with minimal environmental impact and compliance with local and
international laws.
Operating plant
Development project
Office
Cairo Solar Farm 65 MWp
Douala
Azito 430 MW
Ghana 450 MW
Dibamba 88 MW
Kribi 125 MW Expansion
Nairobi
Kribi 216 MW
Tsavo 75 MW
Songas 190 MW
Diamond Wind 140 MW
Cape Town
De Aar 50 MW
Droogfontein 50 MW
Jeffreys Bay 138 MW
Azito
Songas
De Aar
Jeffreys Bay
The Azito power plant
generates electricity using
natural gas supplied from the
country’s offshore gas fields.
Songas’ business consists
of two different operating
streams – gas processing/
transportation and power
generation.
De Aar Solar Power is a
50 MW photovoltaic (PV)
facility and is one of the first
utility scale solar plants on the
continent.
Jeffreys Bay Wind Farm
has an installed capacity of
138 MW.
Gas from the Songo Songo gas field
is processed and then transported
through a 225 km pipeline to Dar es
Salaam where it is used in Songas’
190 MW Ubungo power plant.
The plant is located near the town
of De Aar in the Northern Cape
on approximately 100 hectares
of land owned by the Emthanjeni
Municipality.
Songas also processes and
transports gas on behalf of the
owners of the gas field to Dar es
Salaam where it delivers gas to
several other power generation
facilities and other industrial
consumers who use the natural gas
in various manufacturing processes.
The plant uses 167,580 PV panels
to generate electricity which is
exported into the Eskom distribution
system under a 20 year power
purchase agreement.
Côte d’Ivoire
Located in the village of Azito in the
district of Yopougon, approximately
6 kms west of Abidjan, the facility
uses combined cycle gas turbines
that generate 430 MW of electricity.
This equates to around 1/4 of the
country’s base load generation.
The plant supplies electricity under a
20-year concession agreement with
the Government of Côte d’Ivoire.
Globeleq owns 77% in the project
company and 100% of the related
operations and maintenance
company.
In May 2015, Globeleq and its
partner, IPS, commissioned an
additional 139 MW (adding to Azito’s
previous 288 MW capacity) by
converting to combined cycle.
The expansion project was
recognized in 2012 as African Power
Deal of the Year by Project Finance
International and 2013 Deal of
the Year (Power) by Infrastructure
Journal.
Tanzania
Using six gas fired turbines, Songas
supplies the national electricity grid
under a 20 year power purchase
agreement, and supplies nearly 1⁄4
of the country’s electricity.
By using the country’s own natural
gas resources, it is estimated that
the Songas facilities have saved
Tanzania more than US$5.0 billion
by helping to avoid the high costs
of importing fuel oil used for
power generation and industrial
applications.
The facilities are owned and
operated by Songas Limited, of
which Globeleq holds a majority
interest.
South Africa
De Aar Solar Power generates
approximately 85 GWh per year,
supplying enough clean, renewable
electrical energy to meet the annual
needs of more than 19,000 average
South African homes.
A percentage of operating revenues
are used to benefit the local
community through socio-economic
and enterprise development
programmes.
Globeleq is the majority shareholder
and is also responsible for
operational management of the
project.
South Africa
The plant is located in the Eastern
Cape between the towns of
Jeffreys Bay and Humansdorp,
approximately 70 km west of Port
Elizabeth and within the Kouga
Municipality. The site spans eight
commercial farms covering some
3,700 hectares.
The wind farm consists of 60
Siemens 2.3 MW turbines which
export power to the national utility,
Eskom, via a 132kV grid connection.
In an average production year the
wind farm will supply enough clean,
renewable electricity to meet the
needs of 114,100 average South
African homes.
A percentage of operating revenues
are used to benefit the local
community through socio-economic
and enterprise development
programmes.
Globeleq is the majority shareholder
and is also responsible for operating
and managing the facility.
Droogfontein
Kribi
Dibamba
Tsavo (Kipevu II)
Droogfontein Solar Power is a
50 MW PV facility and is one
of the first utility scale solar
plants on the continent.
Kribi Power 216 MW gas fired
generation plant near the
coastal city of Kribi supplies
electricity to the national grid.
Tsavo (Kipevu II) 75 MW
power plant in Mombasa
supplies shoulder load
electricity to the national grid.
The plant is located in the Northern
Cape, approximately 15 km north
of Kimberley, on 100 hectares of
land leased from a local community
property association.
Kribi is a natural gas fired power
plant which was commissioned in
2013. It uses 13 Wartsilla 18V50DF
generating sets. The plant sells
electricity to ENEO, the national
transmission and distribution
company, through a 20 year power
purchase agreement.
Dibamba Power 88 MW
generation plant in Yassa
Village near Douala supplies
electricity to the national grid
when demand is at its peak.
South Africa
Droogfontein uses 168,720
photovoltaic panels to generate
electricity which is exported into
Eskom’s distribution system under a
20 year power purchase agreement.
The plant produces approximately
85 GWh per year, which is enough
clean, renewable electrical energy
to meet the annual needs of more
than 19,000 average South African
homes.
A percentage of operating revenues
are used to benefit the local
community through socio-economic
and enterprise development
programmes.
Cameroon
The Kribi power plant runs on
natural gas with light fuel oil as a
backup. Natural gas is supplied from
the offshore Sanaga South gas field
in Cameroon.
Globeleq is majority owner in
partnership with the Government of
Cameroon holding the remaining
share of the business.
An expansion project for the Kribi
project is currently in development
and once completed, will expand
the facility to generate a total of
330 MW.
Cameroon
The facility uses 8 Wartsilla 18V38A
reciprocating engines and is fuelled
by heavy fuel oil. The plant sells
electricity to ENEO, the national
transmission and distribution
company through a 20 year tollling
agreement.
The plant was commissioned in
2009 in two stages. It was originally
designed to be a peaking plant
but due to demand for electricity
continuing to outstrip supply,
Dibamba is running more frequently.
Globeleq is majority owner in
partnership with the Government of
Cameroon holding the remaining
share of the business.
Kenya
The facility uses 7 Wartsila 18V38
HFO reciprocating engines and sells
electricity to the Kenya Power and
Lighting Company under a 20 year
power purchase agreement.
Tsavo is Kenya’s first privately
owned generating plant. It performs
efficiently and has maintained
excellent availability records.
As with all of Globeleq’s operations,
the Tsavo team has a strong
emphasis on health and safety with
zero lost time accidents occurring
since the facility commenced
operations in 2001.
Globeleq holds a 30% interest in
Tsavo.
Globeleq is the majority shareholder
and is also responsible for
operational management of the
plant.
Globeleq Advisors Limited
6th Floor, 67 Lombard Street,
London EC3V 9LJ
United Kingdom
T: +44 (0)20 3823 5500
F: +44 (0)20 3761 1900
Globeleq South Africa
5th Floor, 21 Dreyer Street,
Sunclare Building,
Claremont, Cape Town, 7708
T: +27 (0)21 180 4500
F: +27 (0)21 673 6740
Globeleq Cameroon
Rue Bertaut Bali,
BP 12063, Douala, Cameroon
T: +273 243 421 553
T: +273 243 422 306
T: +273 243 428 637
F: +273 243 425 444
www.globeleq.com