Financing & Sponsorship SELECTED INVESTMENTS AND …images.mofcom.gov.cn/ir/investproject/201504/... · 2015-04-07 · North Yaran Oil Field. Development. North Yaran Oil Field is

Financing & Sponsorship

SELECTED INVESTMENTS AND PROJECTS PORTFOLIO

IN ISLAMIC REEPUBLIC OF IRAN

注：后附项目信息为 2015 年 4 月伊朗方面招商的医药、工业、基础设施、石油

和能源及信息通信类共 12 个投资合作类项目。如有中资企业希投资这些项目且

需了解进一步情况，请联系：

中华人民共和国驻伊朗使馆经济商务参赞处

地址：No.12 Arya Street, Lavasani Street, Tehran, Iran

总机号码：0098-21-22838597；传真： 0098-21-22838598

电子邮件: [email protected]

联系人：张明明

mailto:[email protected]

Areas

Pharmaceutical

Oil and Energy

Industry

ICT

Infrastructure

Selected Investments & Projects Portfolio 1. Biosimilar

Pharmaceuticals 2. Peptide Pharmaceuticals 3. Pharma-City 4. North Yaran Oil Field 5. Bahman Geno Refinery 6. Ethane Production

7. Harand 1000 MW CCPP 8. Qom 500 MW CCPP 9. Ghaenat Steel Mill 10. Paper Production from

Bagasse 11. OPGW Surplus

Bandwidth Utilization 12. REY Special Economic

Zone

PHARMACEUTICAL

1) Biosimilar

2) Peptide

3) Pharma-Park (Science Park)

BIOSIMILAR PHARMACEUTICAL

Biosimilar Pharmaceuticals

A biosimilar is a biologic medical product which is copy of an original product that is manufactured by a different company.

Biosimilars are officially approved versions of original "innovator" products, and can be manufactured when the original product's patent expires.

Attractiveness It is forecasted that the total global market of biological

pharmaceuticals will be USD 264 b (annual growth %8.2) out of which the Biosimilar will be USD 51 b (annual growth %39) in 2021.

The considerable increase will be due to expiry of many patents, cheaper prices than biological pharmaceuticals, and the possibility to obtain FDA approvals.

%100 of the API and %70 finished products of the targeted Biosimilar pharmaceuticals are imported.

The considerable profit margin, growing market demand, little investment volume, and high-tech are amongst other attractiveness of the project

Generalities

Unit Description/Volume

Nominal Production Capacity

Tablets/Year

3 million

Direct Employment Employees 64

Tenure

Year(s) Construction: 1.5 Validation 1.75

Technology Provider (E/M) Argentina, European

Companies Shareholding Structure (%) % BioSun Pharmed:100

IRR % 52

Physical Progress % 21

Fiscal Progress % 1

Location Alborz Province, Barakat

Pharma City

Investment Volume

Unit

Amount Realized by 21 Dec 14

Realized (%)

Investment

Billion IRR

844

10

1

Investment

Million USD

27.5

0

0

Total Investment

Billion IRR

1,713

10

0.6

Financial Structure

Financing Means Unit Amount Realized by 21 Dec 14

Realized (%)

Shareholders’ Contribution

Billion IRR 719 10 1

Million USD - - - Loans

National Development Fund

Billion IRR 125 - -

Million USD - - -

Billion IRR - - -

Million USD 27.5 - -

Financing Alternatives & Sponsorship

The project requires USD 27.5 m.

The USD 27.5 m can be procured through mid- term financing (5-7 years).

PEPTIDE PHARMACEUTICAL

Peptide Pharma

Peptides are naturally occurring biological molecules. They are short chains of amino acid monomers linked by peptide (amide) bonds.

They are being used in pharmaceuticals, cosmetics, nutrition, and agriculture.

Attractiveness

It is forecasted that the global market of peptide pharmaceuticals will increase from USD 14.1 b in 2011 to USD 25.4 b in 2018.

86% of the local consumption is imported. 100% of the API is imported. The project encompasses production of API to the

finished products. It is forecasted that the number of patients in needs of

the pharmaceuticals will reach 1,250K by 2019.

Generalities


Objective Peptide Pharmaceuticals to treat various

diseases and illnesses Nominal Production Capacity Tablets/Year 22.5 m

Direct Employment Persons 99

Tenure Years Months

Construction: 2 years Validation: 6 Months

Technology Provider (E/M) Iran, Italy, Canada

Shareholding Structure (%) BioSun Pharmed 100

IRR % 51


Fiscal Progress % 5.3

Location Alborz Province, Barakat Pharma City

Investment Volume

Unit

Amount Realized by 21

Dec 14

Realized (%)

Investment

Billion IRR

684

90

14

Investment

Million USD

40.3

0

-

Total Investment

Billion IRR

1,692

90

5

Financial Structure


Realized (%)


Billion IRR 521 90 17 Million USD - - -

Loans


Billion IRR 1,171 - -

Million USD - - -

Billion IRR - - -

Million USD - - -


The project requires IRR 1,171 b of financial facilities which is almost USD 35m needed.

The USD 41 m can be procured through mid-term financing (5-7 years).

BARAKAT PHARMACEUTICAL PARK (SCIENCE PARK)

Barakat Pharmaceutical (Science) Park

B a r a k a t Pharmaceutical Industrial Park

Barakat Pharmaceutical (Science) Park

Barakat Pharma Park

• It is a project to establish the largest pharmaceutical hub in the region;

• The plot of land is 200 hectares;

• The possibility to host 200 local and int’l companies;

• Infrastructure requires USD 60 m;

• The tower needs USD 50 including labs, academic center and pharma museum;

• IRR of the project is %25;

• Possibility to incorporate 20 JVCs in pharma;

• USD 60 financing required for Infrastructure

Oil, Gas and Energy

Oil, Gas and Energy Projects 1) North Yaran Oil Field 2) Bahman Geno Refinery 3) Ethane Production 4) Harand 1000 MW CCPP 5) Qom 500 MW CCPP

North Yaran Oil Field Development North Yaran Oil Field is located on the outskirt of the common border between Iran and Iraq. There is a buy-back agreement between TEDG and Mistry of Petroleum to develop the said oil field with an rea of 2.5 km by 18 km. The tenure of the Project is 60 months. TEDG has undertaken to extract 2,000 bpd during the preliminary stage (12months) and 30,000 bpd during the final stage(for 48 months). The Contractor’s commission is %18.5.

Business Attractiveness

The government support fast implementation of this project since it is a joint oil field.

The fast implementation of this oil field could be a reference for the other potential projects of the market which includes 40 other oil fields.

Oil industry is a strategic industry and TEDG is the only non-governmental entity in Iran contracted for oil field development.

Generalities Unit Description/Volume

Service(s) Oil Field Development

Nominal Production Capacity bpd 30,000 Crude Oil


Tenure Years 5

Technology Provider (E/M) China

Shareholding Structure % Persia Oil and Gas Development Company as Contractor of NIOC

IRR % 13.65


Fiscal Progress % 12

Location Ahwaz, Khoozestan Province

Investment Volume

Unit Amount Realized by 21 Dec 14 Realized (%)

Investment

Investment

Total Investment

Billion IRR 6,883 1,074 16

Million USD 563.5 56 10

Billion IRR 22,943 2,670 12

Financial Structure


Realized

(%)


Billion IRR 3,441 - - Million USD - - -

Loans

Billion IRR 3,441 1,350(loan) 98 2,000 (Sokuk)


Million USD - 56 - Billion IRR - - -

Million USD 563.5 - -


The project requires USD 225 M of financing;

Financing for jack-up rigs through three-year usance or lease-purchase;

Long-term financing for equipment and machineries;

Financing working capital;

Bahman Geno Refinery

It is a refinery with the refining capacity of 300k bpd of super heavy crude oil divided into two phases.

The phase one uses less complexity with the same refining capacity.

The second phase include installation of the complementary modules which increases the products and byproducts. The export target market includes Asian and Asia-Pacific Countries.


There are 9 refineries in the country. The feed was 1,859k bpd in 2013. The gasoline production was 6o m liters per day; the importation was 3.5

m liters/day in 2013 and the consumption was 68.4 m liters/day which indicates another considerable portion to be met.

There will be %10 discount on the feed for the strategic location of the project (Jask).

Transportation means: land, marine and air. Ministry of Petroleum support. Greater IRR than other refinery projects. Tax Exemption. Feed Guaranteed by the Government.

Generalities


Objective Super Heavy Crude Oil Refinery Product(s)/ Service(s) Nominal Production Capacity Direct Employment Tenure Technology Provider (E/M)

Shareholding Structure

IRR (in USD) Physical Progress Fiscal Progress Location

LPG, Gasoline, Diesel Oil, Fuel Oil, Bitumen

bpd

Ton/day

LPG 1,750 Gasoline /Petroleum 49,500

Diesel Oil 69,985 Fuel Oil 162,500 Bitumen 2,466

Person 400 Year 3.5

Europe & East Asia %

%

NIOPDC 20 Tadbir Energy 80

13% % - % -

Bandar Jask

Investment Volume

Unit Amount Realized by Realized 21 Dec 14 (%)

Investment

Billion IRR - - 2,014 Investment

Total Investment

Million USD 2,025 - -

Billion IRR 57,713 2,014 %3.5

The whole project is planned in USD

Financial Structure

Financing Means Unit Amount Realized by Realized (%) 21 Dec 14


Loans


Billion IRR - 2,014

20

-

Million USD 304 -

Billion IRR - -

Million USD - - -

Billion IRR - - -

Million USD 1,721 - -


The total financing required is USD 1,721 m.

Total investment:

by the end of phase 1 USD 2 b.

by the end of phase 2 is USD 7 b.

This can be procured through mix-financing such as three-year usance, long-term financing (7-10 years), partnership (%30 of the shares).

Parsian Ethane Project

This is a lean gas project to extract Ethane, Propane, Butane and Condensate from the rich gas which is pumped into urban gas network without extraction of valuable components. The feed is 83.5 million cubic meter per day

which is fed through Parsian Gas Refinery.


The rich gas is streamed into the national gas network without removing Ethane, Propane, Butane and Condensate.

The project enjoys an outstanding profit margin. The produced ethane will be the chemical feed stock

for 5 other national petrochemicals projects. The possibility to export the product with the revenue

USD 1 b per annum.

Generalities Unit Description/Volume

Objective to create value added on the rich gas Product(s)/ Service(s) Ethane, Propane, Butane, Condensate


Ton

3.5 m Direct Employment Persons 435 Tenure Year(s) 3

Technology Provider (E/M)

China Shareholding Structure

% Tadbir Energy Development Group 50

Parsian Bank 35 Others 15

IRR % 31 Physical Progress % - Fiscal Progress % - Location Fars Province and Assaluyeh

Investment Volume

Unit

Amount Realized by 21 Dec 14

Realized

(%)

Investment

Billion IRR

-

-

-

Investment

Million USD

816

-

-

Total Investment

Billion IRR

23,256

-

-

Financial Structure

Financing Means

Unit

Amount

Realized by 21 Dec 14

Realized (%)


Billion IRR

-

-

-

Million USD

163

-

-

Loans

Billion IRR

-

-

-

Million USD

-

-

-


Billion IRR

-

-

-

Million USD

653

-

-


The required financing is USD 653 m through:

Long-term financing

Working capital financing

Qom 500 MW CCPP

Qom, is the 8th largest city in Iran. It lies 125 km by road southwest of Tehran. The Power Plant site is located southwest of Qom with average temperature of 18 degrees and humidity of 42%. Total Capacity: 484 MW including 2 Gas units (2*162MW) and 1 Steam unit 160MW).


The generation volume is 53,200 MW in 2015 while it will be 58,000 MW in 2017;

The consumption volume is 52,448 MW in 2015 while it will be 61,222 MW in 2017;

Iran will be short of 4,000 MW power in peak load In 2017;

Generalities


Product(s) MW Power


500 MW

Power

Tenure

Years Construction: 3 Operation: 25

Technology Provider (E/M) To be negotiated

Shareholding Structure % TEDG

IRR % 19.57

Physical Progress % -

Fiscal Progress % -

Location Qom

Investment Volume

Unit

Amount Realized by

21 Dec 14

Realized (%)

Investment Billion IRR 4,100 - -

Investment Million USD - - -

Total Investment

Billion IRR

4,100

-

Financial Structure


Realized (%)


Loans



Million USD - - -


Million USD - - -

Billion IRR - - -

Million USD - - -



Long-term financing

Three-year usance for the equipment

Harand 1,000 MW CCPP

Harand is a city in and the capital of Jolgeh District, in Isfahan County, Isfahan Province, Iran with average temperature of 16 degrees. Nominal Capacity: 1008 MW


• Harand CCPP advantages:

• Guaranteed purchase of power by Ministry of Energy.

• Enjoying facilities belong to less developed area like tax exemption.

• Higher efficiency (49.5%) comparing average efficiency of Iranian CCPPs (44.1).

• Good experience of Farab Co. in power plant sector.

Generalities


Product(s)/ Service(s) MW Power


1,008 MW Power

Tenure 20 Years

Technology Provider (E/M)

Mapna Co.


% Mofid Energy Power Plant Co.: 80

Farab Co.: 20

IRR % 31


Fiscal Progress % -

Location Isfahan Isfahan

Investment Volume

Unit

Amount Realized

by 21 Dec 14

Realized (%)

Investment Billion IRR

Investment Million USD 487

Total Investment

Billion IRR 21,000

Financial Structure


Realized (%)


Billion IRR - - - Million USD 114 - -

Loans


Billion IRR - -

Million USD 373 - -

Billion IRR - - -

Million USD - - -



Long-term financing

Three-year usance for the equipment

Industrial Projects

1) Ghaenat Steel Mill 2) Paper Production from Bagasse

Ghaenat Steel Mill

Ghaenat Steel Mill

It is a joint project between TIMDC and IMIDRO;

it is located in Southern Khorasan Province next to Sangan Iron Ore Mine which is one of the richest mines in the country;

The steel mill will produce 800k MT billets as well as 1 million MT of Sponge Iron via electric arc furnace (EAF) from pellets;


Iran’s steel net import in 2013 was 2.7 m MT/Y (15th in the world) and 5.3 m MT in 2012 (7th in the world);

Total steel production is 15.5 m MT/Y in 2014; The production is forecasted as 23 m MT and the consumption as 28 m MT in 2018;

The demand is forecasted as 42 m MT/Y in 2026 based on consumption and population growth;

The demand is greater than the supply; 20-year feedstock from Sangan Iron Ore Mine, which is in close proximity,

is guaranteed by the Government; Cheap energy, feedstock and labor; Tax exemption; CIS and Pakistan as Target Export markets;

Generalities


Objective

To produce billets to meet the local demand and export the products to the regional

markets Product(s)/ Service(s) billets


Tons per Year

800,000 Direct Employment Employees 775 Tenure Years 3 Technology Provider (E/M) China Shareholding Structure

% IMIDRO: 35

Petro Pajvak Co.: 26 TIMDC: 39

IRR % 39 Physical Progress % 52 Fiscal Progress % 54 Location Ghaenat, Southern Khorasan Province

Investment Volume

Unit


Dec 14

Realized (%)

Investment

Billion IRR

3,650

3,650

100

Investment Million USD

239

-

0

Total Investment

Billion IRR

11,924

3,650

31

Financial Structure


Realized (%) Shareholders’ Contribution

Billion IRR 3,650 3,650 100

Million USD - - - Loans

Billion IRR - - -

Million USD 239 - - National Development Fund

Billion IRR - - -

Million USD - - -


The project require USD 239 m;

It can be financed through:

project financing

Three- year usance for the purchase of the equipment

Paper Production from Bagasse

Production of Paper from Bagasse

Bagasse is the fibrous matter that remains after sugarcane or sorghum stalks are crushed to extract their juice; bagasse is processed and used as the feedstock to produce paper and disposable products;

Business Attractiveness Green Project In 2013 production of print and stationery papers (our target

product) was 61 k MT while 283 k MT was imported and the total consumption was 344 k MT. There is a huge demand for the product;

It is forecasted that the consumption will reach 550 k MT/Y in 2021; Print and stationery papers per capita consumption was 5 Kg in Iran

while the global per capita consumption is 16 Kg. the consumption in Iran is limited due to expensive price and lack of local production;

Sugarcane Industries Co., a shareholder in this project, produces 2.2 m MT/Y bagasse which will be used as the feed;

Bagasse is considerably far cheaper than wood to produce paper.


Objective Production of Paper from Bagasse

Product(s)/ Service(s) Print and stationery paper


MT/Y

170,000


Tenure Years 3

Technology Provider (E/M) European Companies through China


% Tadbir Industry and Mine

Development Co. (TIMDC): 72 Sugarcane Industries co.: 28

IRR % 34


Fiscal Progress % -

Location Ahwaz, Khoozestan Province

Generalities

Investment Volume

Unit

Amount Realized

by 21 Dec 14

Realized (%)

Investment

Billion IRR

2,771

140

5

Investment

Million USD

321

-

-

Total Investment

Billion IRR

13,265

140

1

Financial Structure Financing Means Unit Amount Realized by

21 Dec 14 Realized (%)


Billion IRR 2,771 140 5 Million USD 48 - -

Loans Billion IRR - - - Million USD - - -


Billion IRR - - - Million USD 273 - -


The project requires USD 321 m.

36% of the shares can be offered.

Other financing mix and methods is open for negotiation.

OPGW

ICT

OPGW OPGW on HV transmission towers in Iran is 30,000 Km; 17,000 Km is used for inter- provincial communications and 13,000 is used for intra-provincial and inter-cities communication; OPGW in Iran includes 24 optic fibers, out of which 12 are used in communication and 12 are left as dark optic fibers; There is JV agreement in place amongst TIC, Tavanir, Aryacell to utilize and commercialize the surplus bandwidth;

International DATA Transit

National Data Transit


There are three main routes for data transit i.e. intra- country, West to Northwest for (Iraq- Armenia, Turkey), North to South (Persian Gulf countries to Russia);

The OPGW is already rolled-out and there is no capex for the optic fibers;

There is a great potential for local and international data transit;

Strong partnership with great potentials in the JVC; Considerable profit margin of the Project;

Generalities


Objective To become local and international

data transit hub Service(s) Bandwidth Direct Employment Persons 95 Tenure Year(s) 3 Technology Provider (E/M) China Shareholding Structure

% TIC 40

Mobin 35 Tavanir 25

IRR % 40 Physical Progress % - Fiscal Progress % 18

Location Throughout the Country and

International Transit

Investment Volume

Unit


Dec 14

Realized (%)

Investment Billion IRR 1,800 281 16

Investment

Million USD

127

24

19

Total Investment

Billion IRR

6,000

1,073

18

Unit Amount

Financial Structure Financing Means Realized by

21 Dec 14 Realized (%)


Billion IRR 1,260 240 19 Million USD - - -

Loans Billion IRR 2,430 800 33 National Development Fund

Million USD - - -

Billion IRR - - -

Million USD 70 - -

Financing Alternatives & Sopnsorship

The project requires USD 100 m which can be procured through:

USD 50 m Three-year Usance for the equipment

USD 50 m long-term financing

Rey Special Economic Zone

INFRASTRUCTURAL PROJECT

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It is next to IKA;

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Independent and integrated economic zone Multi-purpose/sustainable mixed use development Flexible development framework Phased development to match demand Exemplar project to attract ‘brand companies’ World class approach to Sustainability Efficient physical and management infrastructure Effective and continuous communication

Generalities


Objective To provide the PLATFORM to promote VALUE ADDED economic activities; attract WORLD CLASS BUSINESS; and encourage

INVESTMENT Direct Employment Persons

Tenure Years 10

Shareholding Structure % Rey Investment Co.: 100

IRR % 48


Fiscal Progress % -

Location Tehran-Qom Highway

Investment Volume

Unit

Amount Realized by

21 Dec 14

Realized (%)

Investment Billion IRR - - -

Investment

Million USD

-

-

-

Total Investment

Billion IRR

64,790

-

-

Realized (%)

Financial Structure

Financing Means Unit Amount (USD) Realized by 21 Dec 14



Million USD - - -

Loans Billion IRR 3,420 - - Million USD - - -


Billion IRR - - -

Million USD - - -


The project requires at least USD 100 m financing.

There is a need for infrastructural financing model.

Any collaboration in this project is subject to negotiation ranging from utilities, installation to management.

Documents

Financing & Sponsorship SELECTED INVESTMENTS AND …images.mofcom.gov.cn/ir/investproject/201504/... · 2015-04-07 · North Yaran Oil Field. Development. North Yaran Oil Field is