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Early Entrance Coproduction Plant
Preliminary Project Financing Plan October 1, 1999 - December 31, 2000

Anderson, John H.
Davis, William K.
Sloop, Thomas W.

Texaco Energy Systems Inc

In the pdf format this document has 22 pages and is 80kb

Table of Contents

  Title Page
Transmittal Letter
Disclaimer i
Abstract ii
Table of Contents iii
Experimental iv

1.0

Results and Discussion 1
 

1.1

Introduction 1
  1.1.1 EECP Concept Description 1
1.1.2 EECP Concept Demonstration Project 2
1.2 Project Sponsors 2
1.3 Feedstock Supply 3

1.3.1

Feedstock Supply Agreement 3

1.4

Off-Take Agreements 4
  1.4.1 Power Purchase Agreement(PPA) 5
1.4.2 Off-Take Agreement for Diesel, Naptha, and Waxes 6
1.4.3 F-T Products Off-Take Agreement (F-TPOA) 6
1.5 Operations and Maintenance 7
1.6 Land Ownership 8
1.7 Project Construction 8
1.8 Basic Assumptions and Conditions for Securing Funds 8
  1.8.1 Leverage 8
1.8.2 Tenor 9
1.8.3 Level of Risk Assumption and Mitigation 9
1.8.4 Interest Rate 9
1.8.5 Amortization 10
1.8.6 Sponsor Support (Recourse versus Non-Recourse) 10
1.8.7 Preliminary Financing Plan 10
1.8.8 Development of Financing During Phase III 11

1.9

Government Assistance 12
  1.9.1 Tax Relief 12
1.9.2 Energy Policy Act Alternate Fuels 12
1.9.3 Cost Sharing 13
Conclusions 14
References 15
List of Acronyms 16