Page 58 - Phelan Energy Green Ammonia Plant Egypt

Financing Plan – Project Costs & Funding
o PEG estimates the pilot phase of the project to cost $423m.
o PEG has sufficient equity of $105m earmarked towards the project
o PEG has been in discussions with Chinese suppliers for procuring the equipment including ZNshine, KAPSOM Engineering Co Ltd. and Beijing SinoHy Energy allowing
accurate estimation of costs and if required an access to ECA backed funding & trade finance solutions from Sinosure
o PEG plans to fund the project cost through a mix of its own equity and third-party non- recourse project finance debt
o PEG shall raise third party non-recourse debt from a mixture of following sources:
• Local/regional/ International commercial lenders such as ICBC
• Development finance Institutions (DFIs)
Sources & Uses of Funds
Project Costs
~Share of Total
Amount (USD MN)
*Project costs breakdown for Pilot Phase 1
EPC Costs
73%
$308m
Development Costs
9%
$39m
Financing Costs
9%
$40m
Contingencies
7%
$31m
Other Capitalised costs
5%
$5m
TOTAL COSTS
$423m
Funding
~Share of Total
Amount (USD MN)
Equity contributed by PEG
25%
$105m
Project Finance
75%
$318m
Total
$423m
o PEG will also be supported by their financial advisors (Synergy Consulting) which has experience of raising more than $50bn of debt globally for infrastructure projects.
*Extracted from PEG/Egypt base case Financial Model
© Phelan Energy Group
58