Financial JV Partner Needed, Geothermal Power Generation Project in Indonesia
Environmental Engineering, Energy for Sustainability, and Environmental Sustainability, NSF (February 17)
*For Students! Regional Energy Department Business Plan Competitions (March 2)
Renewable Energy, Hawaiian Electric Company
The promoters were awarded the bid to build a 65 MW Geothermal Working Area (GWA) and the mining permit (IUP) of Geothermal in West Nusa Tenggara Province, Indonesia, in July 2010. The IUP is valid up to 35 years, with 3 years for exploration, 2 years for feasibility study & construction, and 30 years for commercialization. Each stage could be extended by government approval.
Promoters can sell electricity to the PLN (National Electricity Grid of Indonesia) at USD 9.65 cents per kWh. The promoters have entered a long-term Power Purchase Agreement (PPA) for 25 Years. Promoters must conduct exploration within the next 6 months.
The recommended activities of exploration stage consist of magneto telluric, gradient temperature drilling and exploration drilling. The outcome of the exploration stage is to confirm the status of probable reserve from the hypothetical resource at 65 MW. The estimated capital expenditure for the exploration stage is US $15 million, which is required to determine the location for drilling the exploitation wells.
After confirming the location of the exploitation wells, 5–10 production wells will be drilled to produce 50 MW steam. The steam shall be converted into electricity power by constructing the steam gathering facilities, piping, infrastructures and power plant within 2 years. A mix of equity and debt finance of the total amount of the capital expenditure will be about USD $150 million.
Projected forecasts can be disclosed during the initial conversation with potential JVC financial and EMC partners. Yearly Projected Net Profit is estimated to be $12 Million USD with an IRR of 16.2%. Please contact Dr. Tom Lannin at tlannin@gmail.com to discuss details and terms. The opportunity is open for 90 days. (Posted ~Nov. 17, 2011)
The National Science Foundation requests proposals for the following programs, with responses due 2/17/12. :
- Environmental Engineering. The goal of this program is to encourage transformative research which applies scientific principles to minimize solid, liquid, and gaseous discharges into land, inland and coastal waters, and air that result from human activity, and to evaluate adverse impacts of these discharges on human health and environmental quality. $9.4 million expected to be available, up to 44 awards anticipated. For more info, contact Paul Bishop at pbishop@nsf.gov or go to: http://www.nsf.gov/funding/pgm_summ.jsp?pims_id=501029. Refer to Sol# PD-12-1440. (Grants.gov 6/8/11)
- Energy for Sustainability. This program supports fundamental research and education in energy production, conversion, and storage and is focused on energy sources that are environmentally friendly and renewable. Sources of sustainable energy include: Sunlight, Wind/Wave, Biomass, and Geothermal. $9.2 million expected to be available, up to 42 awards anticipated. For more info, contact Gregory Rorrer at grorrer@nsf.gov or go to: http://www.nsf.gov/funding/pgm_summ.jsp?pims_id=501026. Refer to Sol# PD-12-7644. (Grants.gov 6/8/11)
- Environmental Sustainability. This program supports engineering research with the goal of promoting sustainable engineered systems that support human well-being and that are also compatible with sustaining natural systems. $5.4 million expected to be available, up to 45 awards anticipated. For more info, contact Bruce Hamilton at bhamilto@nsf.gov or go to: http://www.nsf.gov/funding/pgm_summ.jsp?pims_id=501027. Refer to Sol# PD-12-7643. (Grants.gov 6/8/11)
From EERE Network News---If you're a university student interested in low-carbon technologies and entrepreneurship, then this is the premier opportunity for you to pitch your idea. The Regional Clean Energy Business Plan Competition is accepting business plan submissions until March 2, 2012.
Across the country, six regional competitions will serve as platforms for students to come up with innovative business plans to transform great clean energy ideas into great businesses. Based in California, Colorado, Illinois, Maryland, Massachusetts, and Texas, the regional competitions span the entire nation and all U.S. territories. Each region is unique in its own right, but they all share the common goal of bringing clean technologies to the market through creative business solutions.
Some of the submission deadlines have already passed while others range to March 2, 2012. Be sure to individually check regional competitions and the corresponding deadline here.
The six regional winners will each receive $100,000 in prize money and a chance to compete for a National Grand Prize at a competition held at DOE headquarters in Washington, D.C., in the summer of 2012. See the Energy Blog post.
Hawaiian Electric Company (HECO) RFP seeking at least 200 megawatts (MW) of renewable energy projects for Oahu. The RFP is open to any commercially viable renewable technology that can generate electricity on Oahu or on another island from where energy can reasonably be transmitted to Oahu via undersea cable system, no later than December 31, 2018. The formal RFP is expected to be released March 31, 2012. Contact: Peter Rosegg, peter.rosegg@heco.com or 808-543-7780