Feb 24, 2023
Green Technology Worth Knowing About for 2023 (and Beyond)
Combined Cycle Gas Turbine station – Due Diligence report
- Client:
- International Company
- Location:
- Middle East
- Start Date:
- 2023-03-01
- End Date:
- 2023-03-15
- Share:
Project Description
ADC was approached by an international Company to conduct an evaluation on a 1040 MW Combined Cycle Gas Turbine station (CCGT), in the Middle East. As part of this evaluation process, ADC had to compile a comprehensive Due Diligence report and investment model of the power station’s business, that would comply with the requirements of international financing.
This due diligence process included the ADC team doing an in-depth site evaluation of the Power Station. ADC expect to finalise international finance syndication for the purchase of the power station in the second half of 2017.
Related Projects
The Kelvin power station is situated in Johannesburg and was constructed in 1957, making it one of the oldest coal fired power stations in South Africa. The original capacity of this facility was 600MW but with the shutdown of a portion of the plant in 2012, it currently has a capacity of approximately 300MW.
ADC and an international investor teamed up to conduct a due diligence to acquire a stake in a Heavy Fuel Oil facility in Mombasa, Kenya. The facility had been in operation for 11 years and had a remaining net plant capacity of 75 MW.
Development on the Power Alt facility; Middelburg, South Africa, started in 2007, where ADC was able to reach financial close on this 10MW facility within 3 weeks of partnering with an interested lender/investor.
