January 2005
Thailand : Tractebel EGI announced the IPO of its Thai electricity assets (Glow), targeted in the second quarter of 2005.
United States: Citizens Energy Corporation announced a partnership with Distrigas of Massachusetts to create a program to help natural gas customers in need pay their heating bills. Distrigas is donating $250,000 to start the Citizens Energy/Distrigas Heat Assistance Program (CEDHAP) and plans to commit approximately $1 million in calendar year 2005 and each year going forward from the proceeds of every liquefied natural gas (LNG) cargo delivered to its terminal in Everett.
Tractebel LNG North America (renamed SUEZ LNG NA after 15 March) announced that it signed a Heads of Agreement with Sempra LNG, providing the former with up to 1/3 of the processing capacity of Sempra LNG’s Cameron LNG receipt terminal under development near Lake Charles, Louisiana. Under the proposed agreement, Sempra LNG would sell Tractebel LNG North America between 325 and 500 million cubic feet per day of throughput capacity in the company’s Cameron LNG receipt terminal. Upon its completion in 2008, Cameron LNG will have an initial throughput capacity of 1.5 billion cubic feet per day of natural gas.
February 2005
United States:
Tractebel LNG North America (renamed SUEZ LNG NA after 15 March) announced that a subsidiary Neptune LNG LNC is pursuing the development of a deepwater port for liquefied natural gas deliveries located in federal waters approximately 10 miles south of the city of Gloucester and 22 miles northeast of Boston.
LNG: Tractebel LNG Trading (renamed SUEZ LNG Trading after 15 March) signed a Heads of Agreement with Yemen LNG for the purchase of 2.5 million tons of LNG per year. Supply is expected to begin in 2009 for a period of 20 years. The LNG supply will come from a new liquefaction plant in Bal Haf (Yemen) where 2 trains of 3.4 million tons per year will be built. The plant should enter into production by the end of 2008. Feed gas for the plant will come from already developed fields situated in the Marib region, in central Yemen. It will be transported to the plant by a 320 kilometre pipeline.
Oman – Bahrain:
Two Tractebel EGI projects in the Middle East – the Sohar IWPP in Oman and the Al Ezzel IPP in Bahrain - scooped several nominations and awards from international Project Finance publications for their outstanding qualities in terms of market making, benchmarking and innovation in the project finance industry.
Thailand: Glow Energy announced that it had signed a Baht 2 billion facility agreement with Mizuho Bank and a Yen 8.1 billion (approximately Baht 3 billion) syndicated facility agreement with Calyon. The company also announced the completion of the reorganisation of the Glow Group’s legal holding structure, with Glow Energy becoming the “flagship” of SEI ’s power generating assets in Thailand.
March 2005
SUEZ Energy International became the new name for Tractebel Electricity & Gas International (EGI). This name change symbolises the aim of supporting future development through the combined benefit of the worldwide strength and reputation of the SUEZ group, and SEI ’s business development and operational expertise. Peru: Cálidda - First natural gas residential connection. The importance of this event was recognised at local and even national level. Both authorities emphasized the importance of setting up residential connections, highlighting the economic value that this represents for the beneficiaries. Up to now, more than 200 home service agreements have been signed in less than two months in this city area alone. This reflects the trust the population has in this new, clean, safe and affordable service offered.
Thailand: Glow and Hemaraj entered into a Joint Development and Venture Agreement in order to develop potential Independent Power Producer (“IPP”) projects to supply power to the Electricity Generating Authority of Thailand (“EGAT”). 12,755 MW of net new electricity generating capacity is expected to come on line between 2011 and 2015.
Glow Energy signed an Agreement for Power and Steam Supply to sell and supply an additional 40 MW to Vinythai’s new Chlorine, Ethylene Dichloride (EDC), and Vinyl Chloride Monomer (VCM) Plants under a 15 years contract, and to extend the term of the existing electricity sales and steam supply agreements for Vinythai’s existing EDC, VCM and Polyvinyl Chloride (PVC) Plants for 10 years to expire by the year 2022.
Bahrain: the Pension Fund Commission of Bahrain subscribed for 10% of the share capital of the All Ezzel Power Company, after which transaction each of Gulf Investment Corporation and SUEZ Energy International holds 45%.
April 2005
Thailand: A part of the Glow Energy Shares was traded on the Thai Stock Exchange on 21 April 2005. Following the IPO transaction, Suez Energy International remains the company’s largest shareholder with 69%. The decision to restore partial Thai ownership in the company’s equity was based on the belief that the involvement of local investors is critical to an important Thai company such as Glow Energy, which is one of the largest private electricity producers in the country as well as a major supplier of companies in the industrial estate of Map Ta Phut.
May 2005
Brazil: the Brazilian federal environmental agency – Ibama - granted the preliminary environmental licence to the hydroelectric power project Estreito (1.087 MW), a indispensable step for pursuing the development of the project, and making it possible to offer its future production to the auction sales of “new energy” which will take place in latter 2005.
Tractebel Energia issued $200 million Reais in simple debentures. The objective of the issuing was to reduce exchange rate risk and to protect the company’s cash flow, while taking advantage of the favorable market climate. The issuing attracted large interest of investors with demand ($600 million Reais) exceeding three times the offer of $200 million Reais. The funds obtained through this offer were used for the anticipated payment of the US$ 165 loan, which was raised with IDB in December 2000 for the financing of the construction of the Cana Brava Hydroelectric Plant, in Goiás state.
United States:
SUEZ Energy Generation NA hosted a formal dedication ceremony for its 746 MW natural gas-fired Wise County Power Plant to officially celebrate the plant becoming fully operational and an integral part of the Dallas-Fort Worth area’s power supply.
June 2005
United states: SUEZ Energy North America announced that it had concluded the sale of 10 district heating and cooling systems to Thermal North America. The sale of these facilities is consistent with the SUEZ business plan calling for the rotation of capital from non-strategic assets into energy assets better integrated with SUEZ Energy North America’s retail energy, LNG regasification, and large-scale power generation business units.
Peru: Cálidda – Peru has unveiled the world’s first train powered by environmentally friendly compressed natural gas (CNG).
July 2005
Brazil: The Brazilian federal environment agency - Ibama granted the Installation Environmental license to the São Salvador project (241 MW). The license represents a major step in the development of the project, since it allows SEI to start construction works. The final decision to start construction will mainly depend on the results of the auction sales of “new energy” which will take place in latter 2005.
United States: SUEZ Energy Generation NA began commercial power production from its Hot Spring Power CCGT facility.
August 2005
Chile: SUEZ Energy Andino and Matte group reached an agreement establishing the intention of the latter to merge its electricity assets with Colbún. As a consequence of the merger, which was executed in October following the approval of the General Assembly of Colbún, the stake of SUEZ Energy Andino in Colbún was reduced from 29 to 19%.
LNG: SUEZ LNG Trading S.A signed an agreement with Yemen LNG for the purchase of 2.5 million tons of LNG per year. Supply is expected to begin in 2009 for a period of 20 years. The LNG supply will come from a new liquefaction plant in Bal Haf (Yemen) where 2 trains of 3.4 million tons per year will be built. The plant should enter into production by the end of 2008. Feed gas for the plant will come from already developed fields situated in the Marib region, in central Yemen. It will be transported to the plant by a 320 kilometre pipeline.
Peru: Twenty months after the Peruvian Government awarded the concession, EnerSur, started commercial operation of the new Yuncán Hydroelectric Plant. This generating plant, which consists of three Generating Units, each of 44.5 MW rated power, will provide a total of 130 MW installed power to the Peruvian National Interconnected System. Its annual output is estimated at 901GWh.
September 2005
United States: SUEZ Energy Resources NA announced that it guarantees in writing “no fault”/”no penalty” enrollment for its new customers.
United States: SUEZ Group, through four of its U.S. affiliates and subsidiaries – SUEZ Energy North America, United Water, Infilco Degremont, and Teris – said it is donating $500,000 to two prominent agencies working on behalf of hurricane relief and rebuilding efforts in Missisippi, Alabama and Louisiana: The American Red Cross and Bush-Clinton Katrina Fund will each receive $250,000.
Mexico: The Panuco project, located in Altamira, Mexico, achieved commercial operation. The project cogenerates steam and electricity for industrial use.
October 2005
LNG: SUEZ LNG NA LLC’s subsidiary Neptune LNG LLC said it received a letter from the United States Coast Guard deeming its Neptune Deepwater Port application for a license complete. Publication of the letter in the Federal Register will start a statutory 330-day review period for approval of a license to build the offshore liquefied natural gas (LNG) facility.
LNG: SUEZ LNG Trading S.A. has signed two charter agreements with Bergesen Worldwide Gas ASA for a period of 20 years. The two LNG carriers have a capacity of 156,100 cubic meters each and are scheduled for delivery from the Daewoo Shipbuilding & Marine Engineering Company Ltd in 2009.
Brazil: Tractebel Energia successfully participated in the 4th energy auction for so-called “old energy” (production coming from plants put into service prior to January 2000), resulting into 8-year contracts, starting in 2009. Tractebel Energia sold the highest amount of electricity in the 4th energy auction – 381 MW average out of the total 1,166 MW average sold. The contracts to be signed by Tractebel Energia as a result of this auction represent a BRL 2,475 million (> USD 1 billion) guaranteed cash flow for the company between 2009 and 2016.
Peru: Peru’s first natural gas vehicle (NGV) service centre, located in Lima, was opened in the presence of President Toledo, the Metropolitan Lima Mayor and several Ministers. The station was built on the initiative of Cálidda and the local investor MIDAS.
November 2005
USA: SUEZ Energy Resources NA entered into an agreement to provide electricity to Boston Properties facilities in the company’s Boston region portfolio, which includes approximately 10 million square feet of office and hotel space.
Peru: SUEZ Energy International was successful in the Initial Public Offering of EnerSur, which took place on the Lima Stock Exchange. Nearly 34.5 million EnerSur shares, representing 17.2% of the company’s equity, were sold to Peruvian institutional and individual shareholders. Following this IPO, SUEZ Energy International remains the company’s largest shareholder with 62%.
Peru: Yuncan Hydro power plant inaugurated.
December 2005
Brazil: A secondary offering of Tractebel Energia shares was launched with the aim of the company entering the “New Market” segment of the São Paulo Stock Exchange by increasing its liquidity and free float. On 8 December SUEZ Energy South America (SESA) sold 55 million Tractebel Energia shares, while on 27 December it sold an additional 7.5 million shares in order to meeting the high demand of investors. All 62.6 million shares were sold at 13 BRL, representing a market value of approx. EUR 3 billion for Tractebel Energia. As a result of the offering, SESA sold 9.57 % of the Tractebel Energia equity, reducing its stake to 68.74%, and cashing in the equivalent of EUR 292.6 million.
Brazil: Tractebel Energia and SUEZ Energy South America participated in the auction with the aim to establish 30-year contracts with electricity distribution companies. 200 MW from Itá and Machadinho - to be supplied as from 2010 - was sold at an average price of BRL 115.10/MWh. This price surpassed the average auction price for hydro as from 2010 (BRL 114.83/MWh), as well as the expected price for free industrial clients at that time. The contracts to be signed by Tractebel Energia as a result of the auction represent a guaranteed cash flow of around BRL 6 billion (or USD 2.6 billion) between 2010 and 2039.
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