Fundão Biomass Project

PROJECTS

Fundão Biomass Project

Client

Banco Espírito Santo de Investimento e Fomentinvest Energia, S.A.

Services

Project Development

Beginning

2011

Conclusion

2013

Location

Fundão

CONTEXT

Fomentinvest Energia S.A. is the promoter and shareholder of the vehicle company that will explore the unit that will be built, under a license obtained through a public tender conducted in 2006 pursuant to Article 14 of Decree-Law no. 312/2001 of 10 December, with the concerns for the allocation of injection capacity on the Public Electric Power System Grid and the associated receiving point for electricity produced in a forest biomass power plant in the district of Castelo Branco, with a minimum of 5 MVA to 10 MVA.

 

 

OBJECTIVES

The main objective of this project is the development of  the technical due diligence for Banco Espírito Santo Investment Bank and Fomentinvest Energia,S.A., regarding the setting up of a financing project for the assembly of a forest biomass thermoelectric power plant to be built in Fundão with an installed electrical capacity of 10MW and an estimated investment of 30,4M€.

 

 

DESCRIPTION

The Fundão Biomass Project comprise an analysis of the overall design of the project, including the risks associated with construction and operation, as well as the expected outputs in terms of production and performance, and availability of biomass fuel in the area surrounding the central, taking into account their technical limitations and logistics. This project also includes: the analysis of the technical capacity of O&M and EPC entities, including an analysis of the biomass central potential supplier’s track record on similar engineering projects as well as an analysis of the adequacy of technological options of burning, processing and storage of woody materials; and the analysis of the financial model and financing contract of the project, in which an analysis of the financing contract and of the operating assumptions of the financial model were evaluated in order to confirm the ability of the borrower to comply with the technical/operational obligations assumed. Along with this analysis, presentation of a proposal for the realization of the project’s steps required for the project’s second phase, after the financial close.

 

 

SUMMARY OF SERVICES
  • Analysis of technical and economic feasibility for the implementation of a biomass power plant
  • Evaluation of existing resources