Our investment services staff can advise our clients on the commercial and financial aspects of projects and provide, where required, specialist technical and project management resources in a single, integrated package.
We also have a strong track record in providing our clients with techniques, methodologies and advice to support timely strategic decisions, manage enterprise risk, and deliver improved business performance. These specialised services cover advice for corporate strategy, strategic risk management and asset strategy, including optimisation.
Our team has been involved in the following key projects:
- Wayang Windu Assets Valuation
Wayang Windu Assets Valuation
TCP was engaged as technical advisor by EGCO Thailand to perform an independent asset valuation of the two 110 MW units commissioned in 2000 and 2009. The assignment consisted in a high level approach to evaluate the likely replacement cost of the two units at the time of the acquisition by EGCO of asset shares from Star Energy in July 2014.
- Tawau Geothermal Development DD
Tawau Geothermal Development DD
TCP was engaged as technical advisor by Mott McDonald Thailand to perform a due diligence of Tawau 36 MW binary development, looking in particular at regulatory, environmental and contractual issues that may generate risks in the forthcoming implementation phase of the project.
- Valuation of Rotokawa wells RK6 and RK8
Valuation of Rotokawa wells RK6 and RK8
Thorndon Cook was engaged by the NZ Treasury to produce a non-binding independent valuation of the wells RK6 and RK8 and associated assets. These Crown owned geothermal wells had been included as an option in the Ngāti Tūwharetoa Hapu Forum’s Agreement in Principle to settle its historical Treaty of Waitangi claims with the Crown. A value needed to be ascribed to the wells. The value was determined in accordance with NZ IAS 16: Property, Plant and Equipment accounting standard. An income and depreciated replacement cost (DRC) approach was applied.
- Ethiopian Least-Cost Power System Expansion Program
Ethiopian Least-Cost Power System Expansion Program
The total installed capacity of the Ethiopian electrical system is currently 2 GW, around 8% of which is supplied by diesel-fired power plants. The remaining installed capacity comes from hydroelectric power plants. Thorndon Cook Power Staff’s role included. Evaluation of the possible contributions of geothermal, hydro and wind energies in the least-cost investment program for development of the Ethiopian electric generation, transmission and distribution system for next 25 years. Review of the existing geothermal fields and their development status, and appraisal of future development potential and related economics. Development of scenarios for the various candidate generating plants for modelling purposes. Capex, Opex and Economic analyses with tariff and IRR appraisal.
- Djibouti Least-Cost Power System Expansion Program
Djibouti Least-Cost Power System Expansion Program
Appraisal of indigenous renewable energies possible contributions in the least-cost investment program for the development of Djibouti’s electric generation, transmission and distribution system for the next 25 years. Project included review of existing geothermal, wind and solar and hydro (from Ethiopia via the interconnector) resources in Djibouti and their development status, as well as the appraisal of future development potential and the related economics for various potential geothermal developments, according size and technology. Inland data collection on renewable energies, including geothermal, as well as training of local counterparts (Electricite de Djibouti-EDD and Ministry of Energy). Technical/economical appraisal, ranking of sites and development programs for the most promising ones. Teaming with economists and electrical network specialists from PB UK (2009).
- Mokai and Rotokawa Asset Valuation
Mokai and Rotokawa Asset Valuation
Review of Asset Management Plans. Review of the existing asset condition at both plants, critical analysis of the rehabilitation and replacement plans (timing and budgets) included by MRP in the company AMP (Asset Management Plan). Reporting on coherence of future plans, findings and recommendations.
- Ngawha Asset Valuation for Insurers
Ngawha Asset Valuation for Insurers
Insurance valuation of installed assets (2009). Condition assessment of the binary plants (25 MW in total), costing and valuation of the assets (including depreciation) to up-date asset register for insurance purposes.
- Tongonan and Palinpinon Asset valuation for Insurers
Tongonan and Palinpinon Asset valuation for Insurers
Insurance valuation of installed assets (2009). TCP staff was engaged by Energy Development Corporation (EDC) and subsidiary Green Core Geothermal Inc. to conduct an Independent Insurance Technical Assessment of the Tongonan 1 geothermal power plant (Unit 1, 2 and 3) in Leyte, Philippines as well as Palinpinon plants in South Negros. The scope covered condition assessment, engineering standards, O&M regimes, safety, staffing, Environmental management and monitoring.
- Assessment of renewable energies potential
Assessment of renewable energies potential
Country review for geothermal and hydro power development potential. Study performed with GNS Science (Dr Colin Harvey) for the Government of Madagascar with German funding. Assessment of geothermal resources and their potential via geochemical surveys in country (liquid and gas sampling at 6 pre-identified sites) as well as technical and economical appraisal of potential developments in Madagascar. Review in parallel of country potential for hydro developments (> 5,000 MW with only 100 MW developed). Reporting and proposal of future development plans. Review of possibilities to develop hybrid systems, such as geothermal and rice hull biomass, or direct use geothermal applications in the crop and fruit production processes.