# Powerplant Acquisition Portfolio — 2025
**Confidential Investment Memorandum**

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## Executive Summary

| Location | Capacity | Technology | Status | Year | Operating Hours |
|----------|----------|------------|--------|------|-----------------|
| **India #1 — Samalkot** | **2,400 MW** | CCGT (6x GE 9F.03) | Preserved | 2011+ | Partially commissioned |
| **India #2** | **810 MW** | CCGT (2x GE 9FA.03) | Preserved | 2015 | 1,547 — 2,790 hrs |
| **Hamburg, Germany** | **~596 MW** | OCGT (2x Siemens SGT5-4000F) | New/Unused | 2016 | 0 hours |
| **Netherlands** | **127 MW** | OCGT (GE Frame 9E) | Preserved | 2009/2010 | < 500 hrs |

**Total Portfolio: ~3,933 MW**

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## Asset #1: India — Samalkot (Andhra Pradesh)

### Overview
- **Capacity:** 2,400 MW (3 modules x 800 MW each)
- **Configuration:** 6x GE 9F.03 gas turbines + 3x GE D11 steam turbines + 6x CMI HRSG
- **Location:** Samalkot, Andhra Pradesh, India
- **Coordinates:** 17°02'18"N, 82°08'15"E
- **Elevation:** 27m MSL
- **Fuel:** Natural gas (DLN 2+ combustors)

### Infrastructure
- **Switchyard:** 400kV GIS (common for all modules)
- **Port:** Kakinada Sea Port — 25 km
- **Airport:** Rajahmundry — 50 km
- **Rail:** Samalkot Station — 2.5 km
- **Highway:** NH-5, NH-214 access

### Status
- Four gas turbine generators commissioned in open cycle
- Steam turbines and generators at Kakinada Sea Port (awaiting installation)
- Modules 1-3: GTs erected, some STs pending
- Status: **Preservation mode** — equipment stored/mothballed
- **Relocation Advantage:** 25km from Kakinada Sea Port for shipping

### Key Equipment
| Equipment | Supplier | Spec |
|-----------|----------|------|
| Gas Turbine | GE USA | 9F.03 DLN 2.6+ |
| Steam Turbine | GE USA | D11 |
| HRSG | CMI USA | Triple pressure |

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## Asset #2: India — 810 MW CCPP

### Overview
- **Capacity:** 810 MW ISO (2 x 405 MW modules)
- **Configuration:** 2x1x1 combined cycle (1 GT + 1 ST + 1 HRSG per module)
- **Frequency:** 50 Hz
- **Fuel:** Natural gas
- **Voltage:** 15.75 kV generation, 400 kV transmission
- **Location:** Coastal India

### Equipment
| Component | Supplier | Spec |
|-----------|----------|------|
| Gas Turbine | GE | 9FA.03 |
| Steam Turbine | Alstom | — |
| HRSG | CME | With supplemental firing |
| Transformers | Areva | Step-up to 400kV |
| Control | Yokogawa | Full integration + GE remote monitoring |

### Critical Detail: Preservation Status
- **Commissioned:** October 2015
- **Operating Hours:** Module 1: 2,790 hrs | Module 2: 1,547 hrs
- **Reason for preservation:** Lack of natural gas supply (stranded asset)
- **Preservation:** Active GE OEM program since mothballing
- **Relocation Value:** Near-new equipment at stranded asset pricing
  - Annual borescope inspections
- Turbine/generator rotation
- Recirculating heat maintenance
- Nitrogen blankets for fluid systems
- **Service Contract:** GE Service & Supply Agreement until **2028**

### Infrastructure
- **Building:** Metal housing designed for coastal/high wind conditions
- **Crane:** Heavy-lift overhead crane (maintenance-rated)
- **UPS:** 170 kVA backup power
- **Emergency Power:** 2 x 1 MW emergency generators
- **Black Start:** Requires 15 MW generator (optional)

### Documentation
✅ Complete design & construction docs (civil, mechanical, electrical) included  
⚠️ Buyer must assess engineering for new site conditions

### Performance
- **Design Efficiency:** ~60%
- **Documented Efficiency:** 56.85% (at site)
- **Supplemental Firing:** +14 MW per module (peaking)

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## Asset #3: Hamburg, Germany

### Overview
- **Capacity:** ~596 MW gross (2 x 298 MW natural gas, 2 x 301 MW diesel)
- **Configuration:** 2x single-casing axial flow gas turbines
- **Model:** Siemens SGT5-4000F (x2)
- **Frequency:** 50 Hz
- **Fuel:** Dual fuel — Natural Gas + Diesel Oil
- **Status:** **New, unused, preserved**
- **Year of Manufacture:** 2016

### Performance Specs (Buenos Aires conditions)
| Fuel | Gross Power | Heat Rate |
|------|-------------|-----------|
| Natural Gas | 298.2 MW | 8,979 kJ/kWh |
| Diesel Oil | 301 MW | 9,538 kJ/kWh |

### Equipment Package
**Gas Turbine (each):**
- Ring combustor
- Turbine + Compressor
- Bearings

**Auxiliaries (per GT):**
- Fuel gas & ignition gas systems
- Lube oil (2x100% plate heat exchangers)
- Hydraulic oil supply
- Hydraulic clearance optimization
- Burners (1 set)
- Intermediate shaft
- GT instrumentation & actuation
- Shaft turning gear
- Natural gas flow metering
- Dual fuel module (fuel oil pumps, purge water, NOx injection)
- Sealing air supply
- Advanced compressor cleaning system

**Generator (each):**
- Model: SGEN5-1200 A
- By-pass stack + diverter damper included

**Control System:**
- Siemens SPPA-T3000
- Application server (redundant)
- Turbine controller (redundant)
- Operator terminal (2x24" LCD)
- WIN_TS diagnostic system (vibration analysis)
- Failsafe protection & trip system

**Electrical:**
- Power control center (2 per GT)
- AC MCC switchgear
- DC distribution + battery + chargers
- 300m max fiber optic to control room

**Mechanical:**
- Air intake system (pulse filter, anti-icing, dehumidifier)
- Exhaust gas system (diffuser, compensator)
- Noise enclosures
- Gas detection & fire protection

### Key Selling Points
✅ **Never operated** — zero fired hours  
✅ **Full Siemens warranty** — still valid  
✅ **Preserved by Siemens AG** — professional storage  
✅ **Immediate delivery** — buyer handles logistics  
✅ **Complete documentation** — full engineering package

### Location
- **Current Location:** Germany
- **Storage:** Siemens AG supervised conservation
- **Delivery:** Ex-works Germany, buyer arranges freight

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## Asset #4: Netherlands

### Overview
- **Capacity:** 127.214 MWe (net)
- **Technology:** GE Frame 9E (PG9171)
- **Fuel:** Natural gas
- **Status:** **Preserved** (< 500 fired hours)
- **Manufacturing Year:** 2009

### Equipment Details
| Component | Spec |
|-----------|------|
| Gas Turbine | GE Frame 9E, PG9171 |
| Serial Number | A G/IV 38 |
| Speed | 3,000 rpm |
| Nominal Output | 127.214 MW |
| Generator | Brush BDAX-450 ERH |
| Protection | IP55, IEC 60034-3 |
| Voltage | 15,000V |
| Power Factor | 0.8 |
| Control | Mark VIe SIL |

### Operating History
| Period | Status |
|--------|--------|
| 2009 | Manufacturing |
| 2010 | Installation |
| 2011 | Commissioning + testing |
| 2011-2015 | Mothballed |
| 2015 | **Upgrade:** Late Lean Injection (LLI) — emissions compliance at low loads |
| 2015 | Re-commissioned + performance test |
| 2015-2018 | Mothballed (oil production system constraints) |
| 2018 | **Upgrade:** Power augmentation (steam injection from HRSG) |
| 2018-present | Preservation mode |

### Condition
- **Last Inspection:** 2018 (excellent condition confirmed)
- **Preservation:** Continuous OEM program since 2018
- **Planned:** Borescope inspection to confirm current condition
- **Fired Hours:** < 500 FFH
- **Fired Starts:** < 100 FFS
- **Power Augmentation:** Disabled (32k when disabled)

### Upgrades Included
1. **Late Lean Injection (LLI)** — 2015
   - Emissions compliance at low loads
   - Improved turndown capability
2. **Steam Power Augmentation** — 2018
   - Steam injection from HRSG
   - Both upgrades commercially available today

### Documentation
- Last Major/HGP inspection report available (under NDA)
- Current condition photos available on request

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## Portfolio Analysis

### By Technology
| Type | Count | Total MW |
|------|-------|----------|
| Combined Cycle (CCGT/CCPP) | 3 plants | 3,210 MW |
| Open Cycle (OCGT) | 2 plants | 723 MW |
| **TOTAL** | **5 units** | **~3,933 MW** |

### By Geography
| Region | Plants | Capacity |
|--------|--------|----------|
| India | 2 | 3,210 MW |
| Europe | 2 | 723 MW |

### By Fuel
- **Primary:** Natural gas (all plants)
- **Backup:** Diesel oil (Hamburg only — dual fuel)

### By Status
| Status | Plants | Notes |
|--------|--------|-------|
| New/Unused | 1 (Hamburg) | Zero hours, full warranty |
| Preserved/Low Hours | 3 | <3,000 hrs each, active OEM preservation |
| Partially Commissioned | 1 (Samalkot) | Some GTs running, STs stored |

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## Investment Considerations

### Strengths
1. **Massive Scale:** 3.9 GW portfolio — utility-grade assets
2. **OEM Relationships:** GE, Siemens, Alstom service agreements in place
3. **Preservation Programs:** Professional mothballing (not abandoned)
4. **Documentation:** Full engineering packages available
5. **Flexibility:** Mix of CCGT (baseload) and OCGT (peaking) assets
6. **Relocation Strategy:** All assets available for extraction and relocation
7. **Stranded Asset Pricing:** India assets priced as stranded; opportunity for value extraction

### Risks to Verify
1. **Relocation Logistics:** Transport, customs, and reassembly costs for all assets
2. **Grid Connection:** Confirm transmission infrastructure at destination (Texas)
3. **Environmental:** EU emissions compliance for export; US EPA permitting
4. **Equipment Extraction:** India site dismantling and port logistics
5. **Currency/Regulatory:** INR/EUR/USD exposure; US import regulations
6. **Age:** Samalkot turbines manufactured 2009-2011 (check cycle life remaining)

### Recommended Next Steps
1. **Physical Inspection:** Borescope + preservation audit for all units
2. **Relocation Feasibility:** Engineering assessment for equipment extraction
3. **Logistics Planning:** Shipping routes, customs, and reassembly costs
4. **Grid Studies:** Texas interconnection assessment and transmission queue
5. **OEM Warranty Transfer:** Confirm Siemens/GE support continuity in US
6. **Financial Model:** Total project cost including relocation vs new build

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## Contact & Data Room

**Workspace Location:** `/deals/powerplants-2025/`

**Source Documents:**
- `india-1/india-1-1500mw.pdf` — Samalkot 2,400 MW
- `india-2/india-2-ccpp-810mw.pdf` — 810 MW CCPP
- `hamburg/hamburg-siemens.pdf` — 2x Siemens SGT5-4000F
- `netherlands/netherlands-frame9e.pdf` — GE Frame 9E

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*Document compiled: 2026-02-18*  
*Status: Preliminary — awaiting buyer team due diligence*