ATLANTA, Aug. 3, 2017 /PRNewswire/ -- Cratos Global announced it's been awarded a contract to negotiate term-maintenance agreements for SoEnergy International's Siemens/Rolls-Royce Trent60 gas turbines in Argentina.
Cratos Global applied its proven 4 step-process to aligning SoEnergy's project revenue structure and project IRR objectives with the future major maintenance costs of its gas turbine generators. "In a fully contracted project, an optimal maintenance strategy must be aligned with a company's strategic business objectives," said Sergio A. Picon, CEO of Cratos Global. "By working hand in hand with the SoEnergy development team we reviewed structures, cashflows, commercial and technical risk attributes that would align and optimize SoEnergy's project financials. By leveraging more than 25 years of term-maintenance structuring experience, we could navigate the often-difficult discussions with the OEM, and assured alignment between owner and service provider, achieving a contract that will deliver predictable costs and reduced risks." Brett Hall, then Executive Vice President of SoEnergy's permanent power division said, "Working with the Cratos Global team was seamless and they worked like a fully integrated team member of our company. By bringing them in, we could review alternative structures available to meet our risk and financial requirements, creating millions of dollars of savings over the term of the agreement."
SoEnergy, a global energy services provider, was awarded a 132 MW Power Purchase Agreement for the sale of Energy as an Independent Power Producer of two (2) 66MW Power plants valued at more than $130 million by the Ministry of Energy and Mining of Argentina.
The Trent60 with Rolls-Royce Aero Engine technology is among the most powerful, pure aero–derived gas turbine in its class on the market today. Designed for industrial use in both power generation and mechanical drive applications, the Industrial Trent 60 has established a new benchmark for power output, fuel economy and cost savings. These units will be the first Trent60 gas turbine generators installed in Argentina.
Note to Editors
Cratos Global is a services company focused on helping customers extract the underlying value from the assets they own. Our team of experts brings its unique Energy Industry expertise, developed over decades with OEMs and Independent Service Providers. Our services include owner representation and power project development, project contracts negotiation, including O&M, EPC, PPA, LTSA/CSA (Term Maintenance Agreements), Equipment Selection, Project Financing, and Asset Valuation.
SoEnergy International is a global energy services provider delivering customized solutions, including sale of energy, bridge (temporary) and long-term power solutions, for a diverse array of organizations and industries worldwide. The company has world-class technical expertise and international infrastructure throughout Latin America, Asia, Africa and the Middle East.
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SOURCE Cratos Global