E-Power S.A.

completed

The proposed E-Power Thermal Power Plant (“the Project”) involves the construction, operation, maintenance and decommissioning of a 31.2 MW diesel power plant using heavy fuel oil (“HFO”) on a build-own-and-operate (“BOO”) basis in PAP. The project will be constructed in Drouillard, Cité Soleil, on a 50,000 m2 site located in the Hispaniola Investment Company (HINSA) free zone, west of the PAP International Airport. The facility will consist of 8 (eight) Hyundai HIMSEN H32/40 generating sets, operating at 720 rpm, on Bunker C#6, four heavy fuel treatment units, one heat recovery steam generator (HRSG), one steam turbine set, a cooling tower, and associated auxiliary facilities. Each thermal power plant will consist of a 9-cylinder turbo-charged, highly efficient HIMSEN engine. Each engine will have its own generator. The units will be fired using #2 distillate fuel oil but will run on #6 Heavy Fuel Oil. Additionally the project will involve a 3-km-69 kw transmission line and a 4.5-km long pipeline.Engineering, Procurement and Construction (“EPC”) contractors will be the Korean companies Hyundai and DECCO, on a full-turnkey basis. Construction period is expected to be eighteen months. Total project costs are estimated at US$50 million to be financed on a 75:25 debt to equity basis.