GIGAJOULE FLOATING SOLUTIONS CREATES FULLY OPERATING, GAS BASED ELECTRIC POWER PLANTS, FLOATING ON BOATS
GIGAJOULE AND ITS TEAM ARE READY TO IMPLEMENT THREE 528MW PROJECTS EACH, AT VARIOUS LOCATIONS IN SOUTHERN NIGERIA, CLOSE TO THE GAS SUPPLY AND ELECTRICITY EVACUATION INFRASTRUCTURE, THIS IS SIGNIFICANT WORK AS IT HAS BEEN COMPLETED AT EACH OF THESE SITES TO SECURING POWER GENERATION LICENSES, CONFIRMATION OF GAS SUPPLY STUDIES AND ELECTRICITY EVACUATION TRANSMISSION AS A PRACTICAL LESSON. ADDITIONAL WORK INCLUDES PRELIMINARY ENVIRONMENTAL APPROVALS, PLANT AND FLOATING INFRASTRUCTURE DESIGN WORK, CONFIRMATION OF ECONOMIC VIABILITY AND PRECURSOR NEGOTIATIONS NECESSARY TO SECURE THE ENERGY PURCHASE AGREEMENT WITH THE FEDERAL GOVERNMENT, AS PROJECT FINANCING IS OBTAINED USING THE FOLLOWING CREDIT ENHANCEMENTS WITH THE WORLD BANK PARTIAL RISK GUARANTEE TO SIEMENS TO PROVIDE FULL OPERATION, MAINTENANCE AND PERFORMANCE GUARANTEE LLOYDS OF LONDON INSURANCE LIKE THAT ISS THE EQUIVALENT OF MORE THAN 1500 MW OF INSTALLED CAPACITY AT AN EXTERNALLY FUNDED PROJECT COST OF $ 1.4 BILLION (NET), AN EXAMPLE OF A MARKET WOULD BE IN NIGERIA ALONE, THERE IS IMMEDIATE DEMAND FOR ANOTHER 10,000MWN. GIGAJOULE FLOATING SOLUTIONS BRINGS THE RELIABILITY AIRCRAFT ENGINE TECHNOLOGY, DEVELOPED TO THE HIGHEST STANDARDS OF RELIABILITY AND EFFICIENCY ECO-FRIENDLY, WITH NATURAL GAS IS THE CLEANEST CARBON-BASED FUEL, LONGEVITY WARRANTY 20-YEAR PERFORMANCE WITH OVER 95% AVAILABILITY PROVIDED BY SIEMENS EFFICIENCY CAN BE SUPPLIED OPEN-LOOP OR CLOSED-LOOP TO MAXIMIZE OPERATING EFFICIENCY MAKES GIGAJOULE FLOATING SOLUTIONS A BIG DIFFERENCE WITH GIGAJOULE TOKEN THROUGH AN INITIAL IEO EXCHANGE OFFER IT WILL BE HELD TO FUND THE IMPLEMENTATION OF THE GIGAJOULE PROJECT. A DIGITAL TOKEN CALLED GIGAJOULE (GIGJ) WILL BE ISSUED. OF MOST ICOS AND IEOS, THE GIGJ TOKEN WILL NOT BE A SIMPLE UTILITY TOKEN, INTERCHANGEABLE WITH GOODS OR SERVICES TO BE PRODUCED IN THE FUTURE, AS THE GIGJ TOKEN WILL BE STRUCTURED AS A SECURITY AS ALL TOKEN HOLDERS WILL BENEFIT FROM THE SUCCESS OF THE PROJECT. , ALL GIGJ TOKEN HOLDERS WILL BE ENTITLED TO RECEIVE AN ANNUAL DIVIDEND OF 15% OF THE PROFITS GENERATED BY THE GIGAJOULE PROJECT, IN PROPORTION TO THE NUMBER OF TOKENS WITH NUMEROUS ADVANTAGES IT WILL BE VERY INTERESTING TO PARTICIPATE IN THIS GRAND AND AMBITIOUS PROJECT.
TOKEN INFORMATION
IEO SPECIFICATIONS
NAME: GIGAJOULE TOKEN
TECH STANDARD: ERC-20
SYMBOL: GIGJ
STANDARD PRICE: USD 1.00
TOTAL SUPPLY: 65,625,000
IEO SALE: 52,500,000
SOFT CAP: 10,000,000
HARD CAP: 50,000,000
ROADMAP TIMELINE
PROJECT IMPLEMENTATION PERIOD
1 SEP 2019 –
31 MAR 2020
SET UP COMPANY IN MALTA INCLUDING LEGAL COSTS, BANK ACCOUNTS, TAX
AUTHORITY REGISTRATION. AUDITOR APPOINTMENT.
ACQUIRE APPLEDORE SHIPYARD CO IN THE UK INCLUSIVE OF ALL LEGAL AND
SECRETARIAL CONSIDERATIONS.
COMMENCE WITH FINAL AND DETAILED DESIGN OF FLOATING POWER
GENERATION UNITS PLUS ALL SITE INFRASTRUCTURE FOR ALL THREE PROJECTS.
COMMENCE WITH FINAL GEOTECHNICAL WORK AT EACH OF THE THREE SITES.
COMMENCE WITH FINAL ENVIRONMENTAL IMPACT ASSESSMENT FOR FIRST
THREE PROJECTS.
START POPULATING THE DETAILED BUSINESS PLAN AND CONTINUOUSLY
REVISE.
COMMENCE WITH FINAL NEGOTIATIONS AND CONTRACT PREPARATION WITH
GAS SUPPLIERS.
COMMENCE WITH FINAL NEGOTIATIONS AND CONTRACT PREPARATION FOR
ELECTRICITY EVACUATION IN RESPECT OF EACH PROJECT INTO THE NATIONAL
GRID WITH THE TRANSMISSION COMPANY OF NIGERIA.
COMMENCE WITH FINAL NEGOTIATIONS AND CONTRACT PREPARATION FOR
THE POWER PURCHASE AGREEMENTS IN RESPECT OF EACH PROJECT WITH
THE FEDERAL GOVERNMENT OF NIGERIA.
PLACE THE NATIONAL ELECTRICITY REGULATOR ON NOTICE THAT THE FINAL
PARAMETERS FOR THE ENDORSEMENT OF THE VARIOUS POWER GENERATION
LICENSES WILL BE TABLED PURSUANT TO THE COMPLETION OF THE ABOVE
ACTIVITIES.
APPOINT LEGAL COUNSEL FOR THE MALTA COMPANY, TO COMMENCE WITH
THE CONSTRUCTION OF THE VARIOUS AGREEMENTS THAT WILL REGULATE THE
PROJECT RELATIONSHIPS INCLUDING THE FULL MAINTENANCE LEASE.
ENGAGE WITH SIEMENS AND APPLEDORE SHIPYARD TO PREPARE THE LUMP
SUM TURNKEY CONTRACTS FOR THE CONSTRUCTION OF THE FLOATING POWER
PLANTS.
ISSUE RFQ (REQUEST FOR QUOTATION) TO A SHORTLIST OF CIVIL ENGINEERING
CONTRACTORS INVITED TO TENDER FOR THE SITE INFRASTRUCTURE WORKS.
ENGAGE WITH SIEMENS TO PREPARE THE OPERATING AND MAINTENANCE
AGREEMENT INCLUSIVE OF THE PERFORMANCE AVAILABILITY GUARANTEES FOR
THE LIFE OF PROJECTS.
STAFF, EQUIP AND PROPERLY RESOURCE THE MALTA OFFICES.
APPOINT THE INDEPENDENT ADMINISTRATOR WITH A DUTY OF CARE TO THE
GIGJ INVESTORS.
APPOINT THE MEDIA LIAISON OFFICER WITH A DUTY OF CARE TO THE GIGJ
INVESTORS.
MOBILISE AND DEPLOY THE MARKETING EFFORT INTO THE PRIORITISED
PROJECT APPLICATION OPPORTUNITIES.
SUBMIT THE PROJECT SCOPE AND FUNDING REQUIREMENTS TO THE DEBT
PROVIDERS AND THE EXPORT CREDIT AGENCIES.
HTTPS://GIGAJOULE.IO 69
ENGAGE WITH THE DEBT PROVIDERS TO ISSUE FINAL TERMS AND CONDITIONS
FOR THE PROJECT FUNDING.
ENGAGE WITH THE SELECTED DEBT PROVIDER TO PREPARE FINAL TERMS AND
CONDITIONS FOR THE PROJECT LOANS.
APPOINT THE PROJECT PIONEER STAFF AT THE APPLEDORE YARD.
1 APR 2020 –
30 SEP 2020
APPOINT PRODUCTION STAFF AT APPLEDORE SHIPYARD.
OVERSEE THE EIA.
OVERSEE THE FINAL DESIGN WORKS.
OVERSEE AND FINALISE THE VARIOUS NEGOTIATIONS AND CONTRACT
PREPARATION.
FINALISE THE FEDERAL IN-COUNTRY APPROVALS.
OBTAIN THE FINAL SCOPE OF WORKS, CAPITAL COSTING AND CONTRACTS FOR
THE PROJECT SCOPE OF WORKS IN RESPECT OF BOTH THE FLOATING POWER
PLANTS TO BE BUILT AT THE SHIPYARD AND THE GENERAL CIVIL ENGINEERING
WORKS AT THE SITES.
SUBMIT THE FINAL COSTS AND PROJECT FUNDING DRAWDOWN SCHEDULES TO
THE DEBT PROVIDER FOR INCLUSION IN THE FINAL OFFER OF FUNDING.
SECURE THE FINAL OFFER OF FUNDING FROM THE DEBT PROVIDERS INCLUSIVE
OF ALL TERMS AND CONDITIONS TO BE FULFILLED TO ACHIEVE FINANCIAL CLOSE.
SET A FINANCIAL CLOSE PROJECT IMPLEMENTATION DATE PROPOSED AT 31
MARCH 2021.
CONTINUE WORK WITH LEGAL COUNSEL AND DEBT PROVIDER/S TO PREPARE
ALL CONTRACT DOCUMENTATION TO ACHIEVE THE TARGETED FINANCIAL CLOSE
DATE.
ONCE THE DEBT PROVIDERS HAVE ISSUED FINAL TERMS, THE FPPCO IN
MALTA TO ENGAGE WITH APPLEDORE TO START PREPARING FOR THE
FABRICATION OF TWO FLOATING PLATFORMS PRIOR TO FINANCIAL CLOSE DATE.
(THIS IS PROPOSED TO CREATE A TIME CONTINGENCY FOR THE FIRST PROJECT).
EMPLOY CONSULTING ENGINEERS TO OVERSEE AND VALIDATE THE
CONSTRUCTION PROCESS.
CONTINUOUSLY REVISE THE BUSINESS PLAN.
AGGRESSIVELY CONTINUE WITH THE MARKETING EFFORT FOR NEW
APPLICATIONS.
1 OCT 2020 –
31 MAR 2021
ENGAGE WITH THE INDEPENDENT ENVIRONMENTAL CONSULTING AGENCY TO
COMPLETE THE EIA AND EMP.
ENGAGE WITH THE MINISTRY OF ENVIRONMENTAL AFFAIRS TO PREPARE FOR
THE ISSUE OF THE EIA APPROVAL.
FINALISE THE POWER PURCHASE AGREEMENT WITH THE FEDERAL
GOVERNMENT INCLUSIVE OF THE MINISTRY OF FINANCE GUARANTEES AND
THE EXTERNAL, INVESTMENT GRADE, CREDIT ENHANCEMENT GUARANTEES.
FINALISE ALL OTHER AGREEMENTS AND MAKE READY FOR SIGNATURE.
SECURE SENIOR COUNSEL OPINION ON THE EFFICACY AND COMPREHENSIVE
INTERACTION OF ALL AGREEMENTS.
FINALISE THE PROJECT FUNDING LOAN AGREEMENTS AND GUARANTEES.
SIGN OF ON THE DEBT CONDITIONS PRECEDENT AND CONCLUDE ALL LOAN
AGREEMENTS.
HTTPS://GIGAJOULE.IO 70
MOBILISE THE EPC CONTRACTORS FOR THE FLOATING POWER PLANTS PLUS THE
ON-SHORE CIVIL ENGINEERING WORKS TO PREPARE FOR CONSTRUCTION START.
CONTINUE TO AGGRESSIVELY MARKET NEW PROJECT APPLICATIONS.
LENDERS READY TO ADVANCE FIRST FUNDS FOR PROJECT CONSTRUCTION.
2. PROJECT CONSTRUCTION AND COMMISSIONING PERIOD FOR 1ST PROJECT
1 APR 2021 –
31 DEC 2022
IMPLEMENT THE CONSTRUCTION DISBURSEMENT, ADMINISTRATION AND
CONTROL PROCEDURES.
CIVIL ENGINEERING CONTRACTOR TO COMPLETE THE IN-COUNTRY GRAVING
DOCKS, THE GAS PIPELINE AND CONNECTION, THE ELECTRICAL
SWITCHYARD, TRANSMISSION LINES AND CONNECTIONS PLUS ALL OTHER
ANCILLARY ONSHORE WORKS WITHIN FIFTEEN MONTHS.
THE APPLEDORE SHIPYARD AND SIEMENS TO COMPLETE THE
MANUFACTURE AND CONSTRUCTION OF THE ENTIRE FLOATING POWER PLANT
INCLUSIVE OF ALL MODULARISATION AND SYSTEMS WITH YARD
COMMISSIONING COMPLETE WITHIN FIFTEEN MONTHS.
THE FLOATING POWER PLATFORMS TO BE LOADED ONTO HEAVY LIFT SHIPS
OFFSHORE THE RIVER TORRIDGE IN THE UK AND WITHIN A MONTH,
SHIPPED TO THE CLOSEST DEEP-WATER POSITION OFFSHORE THE LAGOON
OR RIVER FROM WHICH THE MOVE TO FINAL INSTALLATION WILL TAKE PLACE.
INSERTION OF FLOATING POWER PLANTS AND CONNECTION TO FEEDSTOCK
AND EVACUATION UTILITIES AT THE SITE TO BE CONCLUDED WITHIN A
MONTH OF ARRIVAL AT THE OFFSHORE POSITION.
COMMISSIONING AND HANDOVER TO TAKE PLACE BY NOVEMBER 2022.
SIEMENS AS THE CONTRACTED OPERATOR TO CONDUCT A MONTH OF
OPERATING TRIALS BEFORE FULL PRODUCTION COMMENCES.
3. COMMERCIAL OPERATION
1 JAN 2023 –
31 DEC 2042
BENEFICIAL OPERATION STARTS AND CONTINUES FOR TWENTY YEARS.
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MY PERFIL AUTOR BITCOINTALK — TradeRafael
My Wallet ETH: 0xF30431d4e31e6E54d9338Eb8f54DA5eceaDc4cB4
Published at Wed, 25 Sep 2019 02:15:01 +0000
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