Public Private Partnership for Energy Production in NEW CALEDONIA Pierre Alla President CCE New-Caledonia PECC Conference November 17 / 18 Santiago de Chili SituationSituationSituation Réseau de Transport 150 kV : 471 km Réseau de Transport 33 kV : 566 km Réseaux de Distribution : 3 266 km BELEP Clients : 23 081 Waala Ouégoa Poum Pouébo OUVEA Koumac Hienghène Fayaoué Kaala-Gomen Touho LIFOU Poindimié We Voh Ponérihouen Koné Néaoua Pouembout Tu Kouaoua MARE Népoui Poya Canala Tadine Bourail Thio Moindou La Foa Boulouparis Païta Yaté Dumbéa Ducos Prony Doniambo ILE-des-PINS Mont-Dore NOUMEA Vao z 2005 EVOLUTION de la PUISSANCE MAXIMALE appelée par la Distribution Publique 110 107,2 MW 103,8 99,9 97,5 93,0 85,7 81,9 79,5 80,4 77,2 60 95-96 96-97 97-98 98-99 99-00 00-01 01-02 02-03 03-04 04-05 COURBES des VENTES d’ENERGIE 840 790 740 690 640 605 590 548 540 490 481 440 390 340 1994-1995 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 Prévision moyenne 5,0% Actualisation Prévision basse 3,0% Nickel in New Caledonia : Major Players INCO: Goro Greenfield Poum 0 50 100km project in the Tiabaghi N South FALCONBRIDGE Kouaoua Thio Koniambo greenfield GORO project in the NOUMEA Project North NEW SLN ERAMET AUSTRALIA CALEDONIA Operating a NEW ZEALAND smelting plant TASMANIA & 4 mines Goro Nickel Project - Project Summary Process plant production capacity : 60 000 tons of Nickel & 5 000 tons of Cobalt / year Mining production : 4 million tons / year Investment around US $1.8 billion Approximately 2 500 created jobs (including 800 direct) Goro Nickel Project - The elements of the project • An open pit mine • A power station • An ore preparation • A port • A process plant • A camp Goro Nickel Project – A power station Prony Energies, a true Public Private Partnership PRONY ENERGIES - 2 x 50 MW 29 juin 2004 1 Shareholding PRONY ENERGIES ENERCAL 75% : ELYO 15% EEC 10% 75 % 15 % 10 % 29 juin 2004 2 2 The Project Prony Energies project aims to produce enough electricity to: ° meet the needs of increasing demand of the public distribution system, ± supply the Goro Nickel hydrometalurgical process plant with energy. The power plant is made of 2 units of 50 MW each with a possible extension of 3 more units. 29 juin 2004 3 Benefits of the joint approach -Economy of scale, allowing for a coal fired power plant, best environmental solution -Sharing of infrastructures :port, water supply, roads, camp -Remote location, away from urbanised areas -Increased reliability of supply, connection to the grid 29 juin 2004 4 The Contract -Tripartite: Prony Energies /Enercal/Goro Nickel -Support of the French Government through Tax Benefits -25 year renewable once -Take or Pay -Garanteed supply -Step in provisions 29 juin 2004 4 29 juin 2004 4.