Hydro Electric Cascade Dams | Georgia - CDH
USD 517,000,000
Spent so far: USD 1,000,000
Can spend more: No
Georgia
Dams Hydro-Electricity Infrastructure Renewable Energy
Assured repayment by: Independent and credible feasibility study | Other Off-Take Agreement | Power Purchase Agreement
Shovel Ready Indicators:
LTV Expectation: 100%
Land/Site: Optioned
EPC Contracts: Signed
PPA/OMA or other off-take agreements: Signed
Financial Projections: Completed and available
Most PFX listed opportunities qualify for A+-rated Insurance Wrap
CDH is requesting $517M (USD) for the construction of two Hydro-Cascade dams in the country of Georgia. This project has the full backing and permits necessary from the Georgian government, which is anxious to increase the supply of clean, green energy into the Georgian grid amid a growing economy and a desire to be electric energy independent.
A 15 year off-take agreement has been reached with Electricity System Commercial Operator (ESCO) to purchase up to 100% of power generated at both dams. The agreement is renewable for an additional 15 period with provisions for rate adjustments based on inflation. The CDH also has the right to sell up to 40% of the generated power on the open market at rates above the ESCO terms.
The project, is approximately .5 KM away from the existing high voltage electric transfer lines and the remaining area needed for connection has already been included in the project costs. The Georgian government will construct the distribution infrastructure and string transmission lines to the power generation facilities.
The project will be completed and producing revenue within a 30-month timeframe, and an insurance-wrap will be available for the lender.
USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
---|---|---|---|---|---|
Turnover | 74,987,000 |
74,987,000 |
74,987,000 |
74,987,000 |
74,987,000 |
EBITDA | 65,280,00 |
65,033,000 |
64,779,000 |
64,518,000 |
64,250,000 |
% | 87 |
86 |
86 |
86 |
86 |
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