I N D E P E N D E N T P O W E R P R O D U C E R ( I P P )

Project Development and Investments

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BWSC develops and invests in power projects which use gas, liquid or dual-fuelled engines or biomass and waste boiler technologies. BWSC assists customers worldwide throughout all or specific phases of a power plant’s life cycle.

I N D E P E N D E N T P O W E R P R O D U C E R

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Project development

and investments

Engineering, procurement

and construction

Operation & Maintenance

IPPproject

“Access to reliable, low-cost energy is essential to achieve sustainable economic growth and the opportu nity to develop business and society. Utilities and industrial consumers increasingly rely on Independent Power Producers and their ability to finance, construct and operate new, highly efficient generating capacity. This new capacity provides the low-cost power needed by local economies and industries through high availability and reliability rates.”

Nikolaj Holmer Nissen, CEO

Developer of and investor in power plantsTurnkey contractor of

power plants, power barges, hybrid power plants

and boiler supplies

Technical Support Operation & Maintenance

Service, spare parts & training

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In many cases, it can be crucial that the private sector plays an active role in addressing the future electricity needs of a country. This will reduce the funding burden on governments, relieve the borrowing requirements of electricity generating companies and introduce generation technologies which a company may not consider part of its core function but which may play a vital role in the future electricity supply options.

BWSC has extensive experience as project developer and investorBWSC is an experienced developer of and investor in engine and boiler-based power plants. Hands-on experience enables us to support our partners in all aspects of project development – from potential lead to project implementation. Our full range of in-house competences has enabled us to take on the project development role, ensuring the following services to a wide range of costumers worldwide:

• Project agreements – concession, power purchase, fuel supply• EPC and O&M agreements• Project/corporate structuring and financing• Credit agreements and collateral security documents• Equipment and technology selections• Permissions, authorisations, licenses• Environmental and social impact issues• Insurance• Tax structuring• Risk mitigation

In conjunction with the development role, BWSC undertakes supply and construction of the complete plant on a turnkey basis and provides operation and maintenance services for the lifetime of the plant.

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Project development

and investments

Engineering, procurement

and construction

Operation & Maintenance

IPPproject

I P P

“BWSC is backed by a renowned shareholder and has extensive and specialised experience with a proven track record of successful deals.”

A leading Development Finance Institution

“BWSC is a good fit for us, given their strong technical capabilities, commercial approach and complimentary skill set. Furthermore, BWSC is engine-agnostic, ensuring that the technology proposed is fit-for-purpose and provides the most cost-efficient solution.”

African Infrastructure Investment Managers

I N D E P E N D E N T P O W E R P R O D U C E R

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Kent, UK

Contractual detailsDevelopers: Estover EnergyPlant owners: CIP/PensionDenmark, BWSCLenders: CIP/PensionDenmarkEPC contractor: BWSC/BWE ConsortiumContract start: August 2016Project completion: September 2018O&M contract: BWSC, 15 + 5 years

Plant characteristicsOutput: 27.8 MWe + 6 MWthFuel: Virgin wood + Waste wood

Tilbury, UK

Contractual detailsDevelopers: Express EnergyPlant owners: UKGIB, ESBI, AET, BWSCLenders: Rabobank, Investec, EKFEPC contractor: BWSC/AET ConsortiumContract start: March 2015Project completion: 2018O&M contract: BWSC and AET, 20 years

Plant characteristicsOutput: 40 MWeFuel: Recycled wood

Widnes, UK

Contractual detailsDevelopers: BWSC, StobartPlant owners: UKGIB, Stobart, BWSCLenders: Investec, UKGIB, Gravis, EKFEPC contractor: BWSCContract start: November 2014Project completion: May 2017O&M contract: BWSC, 20 years

Plant characteristicsOutput: 20.2 MWe + 7.8 MWthFuel: Waste wood

Snetterton, UK

Contractual detailsDevelopers: Eco2Plant owners: PensionDenmark, BWSCLenders: PensionDenmarkEPC contractor: BWSC/BWE ConsortiumContract start: October 2014Project completion: April 2017O&M contract: BWSC, 15 years

Plant characteristicsOutput: 44.2 MWeFuel: Straw and up to 50% wood chips

Brigg, UK

Contractual detailsDevelopers: Eco2Plant owners: PensionDenmark, BWSCLenders: PensionDenmarkEPC contractor: BWSC/BWE ConsortiumContract start: November 2013Project completion: January 2016O&M contract: BWSC, 15 years

Plant characteristicsOutput: 40 MWeFuel: Straw and up to 20% wood chips

Lisahally, UK

Contractual detailsDevelopers: EREPlant owners: ERE, UKGIB, BWSCLenders: Investec, UKGIB, Gravis, EKFEPC contractor: BWSCContract start: July 2013Project completion: December 2015O&M contract: BWSC, 15 years

Plant characteristicsOutput: 15.8 MWe + 6.1 MWthFuel: Recycled wood

Pacora, Panama

Contractual detailsDevelopers: El Paso, CBPF, BWSCPlant owners: CBPF, Coastal Power Panama Generation, IFU, BWSCLenders: KfWEPC contractor: BWSCContract start: December 2001Project completion: December 2002O&M contract: BWSC, 14 years

Plant characteristicsOutput: 53.5 MWeFuel: HFO

C U R R E N T I P P I N V E S T M E N T P R O J E C T S

Kayes, Mali

Contractual detailsDevelopers: BWSC, RedoxPlant owners: BWSC, Redox, AIIM, IFULenders: IsDB, ICD, BOAD/EKF, OFIDEPC contractor: BWSCContract start: June 2017Project completion: October 2018O&M contract: BWSC, 13 years

Plant characteristicsOutput: 82 MWeFuel: HFO

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Rabai, Kenya

Contractual detailsDevelopers: BWSC, AldwychPlant owners: BWSC, Aldwych, FMO, IFULenders: DEG, Proparco, EAIFEPC contractor: BWSCContract start: October 2008Project completion: May 2010O&M contract: BWSC and Aldwych, 20 years

Plant characteristicsOutput: 90 MWeFuel: HFO

Sapugaskanda, Sri Lanka

Contractual detailsDevelopers: Deutz UK, BWSCPlant owners: Deutz UK, IFC, DEG, CDC, BWSC, IFU, Nissho Iwai, John Keells HoldingLenders: IFCEPC contractor: BWSCContract start: June 1997Project completion: June 1998O&M contract: BWSC and Deutz, 10+10 years

Plant characteristicsOutput: 51 MWeFuel: HFO

BWSC has developed and constructed more than 180 power plants in 54 countries and has contributed with investments in 10 IPP projects

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Project development

and investments

Engineering, procurement

and construction

Operation & Maintenance

IPPproject

E P C E N G I N E E R I N G , P R O C U R E M E N T & C O N S T R U C T I O NAs a turnkey EPC contractor, BWSC takes responsibility for design and engineering of the plant, the procurement of equipment, materials and manpower, as well as the construction schedule with a guaranteed completion date. We also ensure testing and commissioning of the plant before hand-over, so the plant is delivered into successful commercial operation. In addition, performance guarantees are typically provided for production, heat rate, emissions and lube oil consumption. There are many advantages for IPP stakeholders when integrating EPC with BWSC IPP. We ensure:

• Total solution covering all steps• Tailor-made and optimised technical solutions employing the most

appropriate equipment• Supervision of complex technical tasks • Management of project interfaces• Compensation for late completion• Mitigation of technology risks

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Project development

and investments

Engineering, procurement

and construction

Operation & Maintenance

IPPproject

As an O&M provider, BWSC takes responsibility for plant management, operation and maintenance, sourcing and delivery of spare parts and consumables. Health and safety is our topmost priority as well as honouring the performance guarantees typically for production, heat rate, emissions and lube oil consumption.

There are many advantages for IPP stakeholders when integrating O&M with BWSC IPP. We ensure:

• Competitive OPEX• Predictable lifetime costs• Mitigation of operating risks• Continuous optimisation of the plant• Sustained asset value through best practice operation and

maintenance• Maximum return on investment (ROI)

O & M O P E R A T I O N & M A I N T E N A N C E

Burmeister & Wain Scandinavian Contractor A/S BWSC

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Burmeister & Wain Scandinavian Contractor A/SGydevang 35DK-3450 AllerødDenmark

Phone: +45 4814 0022Fax: +45 4814 0150

bwsc@bwsc.dkbwsc.com

F A C T S A B O U T B W S C• World-leading turnkey EPC contractor and service provider for diesel, natural gas and

renewable baseload power plants for electricity generation and thermal energy production• More than 180 power plants designed and supplied in 54 countries• Two decades of experience in operation and maintenance of power plants• A comprehensive range of power plant support services, from spare parts to complete rehabilitation• Training programmes for all aspects of power plant operation and maintenance• Extensive experience in financing and development of power plant projects• Headquartered in Denmark and supplemented by an international sales and support network• 700 employees based at our main office and power plants around the world• 100% subsidiary of Mitsui E&S Holdings Co. Ltd., Japan• Certified according to ISO 9001, ISO 14001 and OHSAS 18001• Long-standing AAA rating, 2017 revenues: EURm 387

International sales offices BWSC Panama Panama City, PanamaPhone: +507 264 2886

BWSC United States Houston, Texas, United StatesPhone: +1 713 467 5277