Palmerah Tidal Bridge Roadmap and Finance to realization

January 11th, 2017

 Tidal Power potential
Electrical
The worldwide tidal power is 4500 TWh / year
per day
output
Placing one turbine at the sea bottom
Current technology extended
Current technology but smarter
Cost breakdown
 Tidal Bridge

1 : 10 : 100
Standard floating element
 Options

Bridge and Tidal Power plant

Passage for ships Standard elements Roll on / offf

Oosterschelde Tidal Power
Oosterschelde Storm Surge Barrier
Part of the Dutch Deltaworks

Current flow: 4 to 4.5 m/s

Oosterschelde Tidal Power 2
1.2 MW Installed power
Power for 1000 Dutch Households

Project reference
Projectmanagement
Strukton Sustainable Energy

Turbines
Tocardo International BV

Contract sum
EUR 15 mio

Realization term
Dec 2014 - October 2015
 Daughter company of Strukton

Civil Infrastructure Technique and Buildings

Rail systems Electricity

Strukton in figures
International presence
Tidal Bridge as a connection
Traffic on Tidal Bridge
Tidal Bridge and free flow turbines
Tidal Bridge roll on / roll off
Tidal Bridge roll on / roll off

Limited land
acquisition needed
(15 m by 20 m)
 Provinsi Nusa Tenggara Timur, Larantuka

Location:

Added value Client

19
 Head of Agreement

SIGNING HOA IN THE HAGUE ON

APRIL 22nd 2016

1st Phase

FEASIBILITY STUDY

GROUND BREAKING ON DECEMBER 13th 2016

REALIZATION TIDAL BRIDGE IN 2018

20
 Head of Agreement

SIGNING HOA IN THE HAGUE ON

APRIL 22nd 2016

1st Phase

FEASIBILITY STUDY

GROUND BREAKING ON DECEMBER 13th 2016

REALIZATION TIDAL BRIDGE IN 2018

2nd Phase

REALIZATION EXTENSION IN 2019

21
 Head of Agreement

SIGNING HOA IN THE HAGUE ON

APRIL 22nd 2016

1st Phase

FEASIBILITY STUDY

GROUND BREAKING ON DECEMBER 13th 2016

REALIZATION TIDAL BRIDGE IN 2018

2nd Phase

REALIZATION EXTENSION IN 2019

3rd Phase

REALIZATION EXTENSION IN 2020

22
The socio-economic impact of the Palmerah Tidal Bridge
July 2016
 Direct Socio economic benefits

Infra structure Fishery

Energy Local Industry

24
 Indirect Socio economic benefits

Infra structure Fishery

Energy Local Industry

Tourism Health

Education Waste
25
Two elements in project

26
 Two elements in project

1. The Connection
Crucial infra structure
Extension of regio NTT
Reducing number of accidents
Development of Traffic

27
 Two elements in project

1. The Connection First Estimation of cost of 1st phase

Crucial infra structure
Extension of regio NTT Connection
Reducing number of accidents $75 M
Development of Traffic

28
 Two elements in project

1. The Connection First Estimation of cost of 1st phase

Crucial infra structure
Extension of regio NTT Connection
Reducing number of accidents $75 M
Development of Traffic

2. The Energy Plant

Energy is a product
Alternative are diesel prices at approx. $ 200 per MWh
Feed in Tariffs are not available yet
Energy production 18 to 23 MW*

* Verification needed based on measurements 29

 Two elements in project

1. The Connection First Estimation of cost of 1st phase

Crucial infra structure
Extension of regio NTT Connection
Reducing number of accidents $75 M
Development of Traffic

2. The Energy Plant

Energy is a product
Alternative are diesel prices at approx. $ 200 per MWh
Energy
$ 100 M
Feed in Tariffs are not available yet
Energy production 18 to 23 MW*

* Verification needed based on measurements 30

 Finance of The Connection

Investments Government to Government

Investment of $ 75 million
FMO
Participation of Dutch governmental parties RVO
in Export Finance
Provides loan Repays loan
FMO and other banks considering
to provide finance based on
government to government Public Works
RVO considering development
subsidy
Design & Construct Contract
Tidal Bridge realizes the Connection based
on Design & Construct contract
Tidal Bridge
Reducing cash out Indonesian Government

31
 Finance of The Energy part

Investment by Tidal Bridge Structure

Investment of approximately $ 100 million

Tidal Bridge Ind. Gov
Banks
95% 5%
Tidal Bridge will invest maximum of 30%
Equity Leverage

Banks will be invited to leverage up to 70%

PPP Palmerah Power Purchase Agreement

5% participation of Indonesian Government
in project, terms to be discussed
Energy plant

Sale of Energy at unit price of $ 161,5 per

MWh arranged in PPA
Design & Construct Contract

Tidal Bridge Operate & Maintenance Contract

32
 Offer of November 29th 2016

Offer by Tidal Bridge

Minister of Energy and Mineral Resources Republic of Indonesia
Mr. Ignasius Jonan
Jl. Medan Merdeka Selatan No. 18
Tariff Jakarta 10110
Indonesia

Tariff of $ 161,5 per MWh Date:

Your reference:
29th November 2016

Term is 20 years, inflation corrected Our reference:

Subject:
SI_0000000_OCOR-00177
Commercial Proposal Tidal Bridge power plant Larantuka Strait

EUR/USD exchange rate of 1,0605 Dear Mr Ignasius Jonan,

With reference to our meeting and your request for quotation dated 23rd November 2016 for tidal energy
from the Larantuka Strait in NTT, Tidal Bridge B.V. is very pleased to submit its proposal. This proposal has
been prepared for The Minister of Energy and Mineral resources of the Republic of Indonesia (hereinafter
referred to as MINISTRY) by Tidal Bridge B.V. (hereinafter referred to as TIDAL BRIDGE).
Assumptions
TIDAL BRIDGE is a leading tidal energy developer, a daughter of Strukton International being a civil

Energy capacity 18 to 23 MW per line engineering and construction company and one of the top EPC Companies in the Netherlands. In light of
the demands discussed, we believe TIDAL BRIDGE fits perfectly for the work discussed, not just in terms of
technology requirements, but also in terms of the nature of the services required. TIDAL BRIDGE is, in all
Extension to five lines respects, having sufficient expertise and resources available.

Based on the information received, the various site visits and field surveys we are able to submit a price of
Capacity load 39% the energy produced of
$ 161,50 per MWh.

Maximum current speed of 3,5 m/s (One hundred sixty-one dollar and 50 dollar cents per Megawatt hour)

We sincerely hope that this proposal, based on renewable energy while representing a discount of nearly
20% of the energy generated based on diesel, will be of interest to you. We look forward attending a
meeting at your convenience to clarify any points you may wish to raise.

Condition precedent Yours faithfully,

Building bridge
Subject to Finance
NAME: E.H.L.A van den Eijnden
TITLE: Managing Director
MINISTRY: TIDAL BRIDGE B.V.
DATE: 29th November 2016 33
 Advice on Feed in Tariffs
300

250 United Kingdom

200
Subsidy in Million $

150

100 Norway
France

50

China US Ireland
Canada
Advice on the Feed in Tariffs Germany
0
for Water
0
Energy50in Indonesia
100 150 200 250 300 350 400

Feed in Tariff in $ per MWh

34
 Two zones
300

250 United Kingdom

200
Subsidy in Million $

150

Very active
100 Norway
France
Not active
50

China US Ireland
Canada
Advice on the Feed in Tariffs Germany
0
for Water
0
Energy50in Indonesia
100 150 200 250 300 350 400

Feed in Tariff in $ per MWh

35
 ACTIVE IN NON ACTIVE ZONE
300

250 United Kingdom

Proposal Tidal Bridge

200
Subsidy in Million $

150

Very active
100 Norway
France
Not active
50

China US Ireland
Canada
Advice on the Feed in Tariffs Germany
0
for Water
0
Energy50in Indonesia
100 150 200 250 300 350 400

Feed in Tariff in $ per MWh

36
 Hybrid Energy model: integrate Diesel and Cold storage

Tidal movement

Advice on the Feed in Tariffs

for Water Energy in Indonesia

37
 Hybrid Energy model: integrate Diesel and Cold storage

Tidal movement

Energy production

Advice on the Feed in Tariffs

for Water Energy in Indonesia

38
 Hybrid Energy model: integrate Diesel and Cold storage

Integrating alternatives in energy production

Existing diesel Batteries Cold storage

39
 Hybrid Energy model: Integrate solar panels

Advice on the Feed in Tariffs

for Water Energy in Indonesia

40
 Conclusions

Palmerah Tidal Bridge

A bridge which produces energy

Limited land acquisition needed

Development of the region NTT

All is renewable

Hybrid energy model respects existing suppliers

First realization of Indonesian-Dutch Marine-Water Agreement

41
 Conclusions

How it is done

The Bridge facilitated with exportfinance

Energy plant is developed by Tidal Bridge

Use of local partners

Transfer of knowledge and experience

Bridge and Energy plant are build in 2 years

By Multi-Billion $ Company
42
 Conclusions

What is asked for of decision makers

To release budget for pre feasibility study

Agree on $ price per MWh

43
 Contacts

CEO: Eric van den Eijnden COO: Andre Hoogeveen

E: eve@tidalbridge.com E: aho@tidalbridge.com
M: +31 (0) 6 51 19 92 37 M: +31 (0) 6 53 59 70 63

TIDAL BRIDGE
Strijpsestraat 4, 5616 GR Eindhoven,The Netherlands
www.tidalbridge.com
 Partners Tidal Bridge

Main contractor: Consultant Tidal Bridge

Electrical Solutions
Turbine Suppliers

Battery Supplier

Energy company

45
 5. Minimum requirements for signing a Design and Construct Contract

1. Indonesian design
In collaboration with the NTT region and local
architects a design for the Palmerah bridge will be
developed.

2. Civil design and turbine configuration

Measurements of the ocean study the functional
design can be completed. We are realizing a
maximum output of power

3. Tidal Bridge design

Maximum forces on the bridge herewith defining the
strength and structure of the construction

4. Contractual and financial agreements

With this phase we make the D&C contract final
together with the financial arrangements

46
4. Proces Planning (pre) FS project

47
6. Palmerah Bridge project planning

48