“Power ship Project”Power ShipsPower Ships

• The Powerships are high technology floating power plants designed and constructed to fulfill the urgent electricity needs of the countries through rental contracts or power purchase agreements (PPA)

• Powerships are a special purpose marine vessels, on which a power plant is installed to serve as a power generation resource

• Powerships can operate both on liquid fuels (HFO/RFO)as well as natural gas with a dual fuel option

• Converted from existing ships, the powerships are self-propelled, ready to go into the national grids where required

• They can be equipped with single or multiple gas turbines, diesel and gas engines, boilers or nuclear reactors for electricity generation

2

WHAT IS POWERSHIP?

• Today there are over 75 power barges deployed and

operating around the world.

• It is expected that a powership will moor at one place for an

average duration of 3 to 5 years.

• The utilization rate of power barges is around 95% with

only one or two power barges available in the global market

at any one time

• Power barges are simply conventional power plants

installed on a deck barge. These are sometimes called

"floating power plants" or "barge mounted power plants

3

WHY SHOULD WE USE POWERSHIP ENERGY?

• Man

• Wartsila

• Hyundai

• Mitsubishi

• Others

4

WHO ARE THE SUPPLIERS of the GENERATORS?

EPC (Engineering, Procurement, and Construction)

Companies

• Navtek Naval Technologies Inc.

• Power Barge Corporation

• Waller Marine Inc.

5

WHO ARE THE SOLUTION PROVIDERS

• Angola• New York City (USA)• Bangladesh• Dominican Republic• Ghana• Philippines• Jamaica• Kenya• Malaysia• Pakistan• Lebanon• Iraq• Venezuela• Others

6

CUSTOMERS of POWERSHIP ENERGY

• Fast delivery: delivery period is comparatevily short

• No capital investment required

• Have no site risk

• Operation of powerships is ideal in areas with poor logistic

infrastructure.

• They are unaffected by floods, landslides and earthquakes,

and have minimal use of land space

7

BENEFITS of USING POWERSHIP ENERGY

• Powerships are an ideal solution to bridge the gap for a

certain time until a local power plant is built or the high

demand in electricity supply is over

• Powerships are more economical than operating existing

old power plants.

• Support of industry growth with reliable power

• The powerships provide power to avoid electricity

shortages

• A mobility advantage for future use in other locations.

8

BENEFITS of USING POWERSHIP ENERGY

• Powerships are typically moored in protected harbors free

of waves

• Powerships Self-contained with step-up transformers that

provide 154/132 kV & 50-60 Hz as the nominal output

• Connected to land-based transformers (a substation) that

send electricity to domestic consumers.

9

SET-UP, INSTALLATIN and POWER CONNECTION

• Provide mooring location for the powership free of waves

and disturbances

• Provide substation for power line connection

• Provide fuel

• Provide for the necessary licences to operate

• Provide steady payment per contract

10

OBLIGATIONS OF THE CUSTOMER

• Design and build the powership

• Deliver and start-up the powership

• Operate and maintain the powership

• Guaranty supply of 85% of the design capacity over a year

11

OBLIGATION OF THE CONTRACTOR

• NAVTEK Marine Technology Corp. www.navtek.net

• Pioneer in powership design and building from existing

vessels

• Experince in ship building and design since 1977

12

WHO ARE WE:

• Generating Capacity: POWERSHIP with 102.78 MW

power. The power plant will have 6 generating sets. Each

set is producing 17.13 Mwe

• Output: 102.78 MW @ 154/132 kV & 50 Hz as the

nominated output electric power

• Fuel Type: Heavy Fuel Oil (HFO) or LNG

• Annual Availability: According to the above assumption,

annual availability of the plant is 84%, which

correspondence to 714,279 Mweh annual production

• Contract Period: Minimum 3-year contract

• Delivery: 12 month delivery period after the contract

signing

13

WHAT WE PROPOSE

• Currently, price rate (megawatt per hour) of powership

power is between 65 USD/MwH and 100 USD/MwH

• Price per MwH varies depending on

– Capacity of the powership

– Duration of the contract

– Generator types used

– Fuel to be used

• Detailed financial model will be provided after the issuance

of MoU or LOI

14

COST PER MWH FOR BUDGET PURPOSES

• Intruductry proposal: Submitted

• Presentation of the Proposal: We welcome an

opportunity to present the project in person

• MOU or LOI: In due course

• Firm proposal with financial provisions: Within 30 days

from the receipt of MOU or LOI

• Negotiaiton of the Proposal: In due course

• Contract Signing: In due course

15

PROJECT TIME LINE

16

110 MW POWER SHIP

17

125 MW POWER SHIP

18

180 MW POWER SHIP

19

220 MW POWER SHIP