Mar 9, 2016

Sunrise Energy: CMR Marine (Clough) Secures Saldanha Bay LPG Contract

Glen White, CEO Energy Digital
3 min
Clough today announced that Sunrise Energy has awarded CMR Marine, part of Clough, the contract for the construction of the marine facilities...

Clough today announced that Sunrise Energy has awarded CMR Marine, part of Clough, the contract for the construction of the marine facilities and overland pipeline.

The scope of work includes fabrication, installation and commissioning of a five kilometre long LPG pipeline. The marine facilities will enable vessels to offload LPG to an onshore facility, via a three kilometre subsea pipeline.  The overland pipeline includes a shore crossing and a two kilometre pipeline to connect with the Sunrise plant infrastructure.

Engineering and procurement will commence immediately from CMR Marine’s Cape Town office, with construction teams mobilising to the Saldanha Bay site in April 2016.   At peak the project will employ 100 people.

Clough Chief Executive Officer Peter Bennett said “CMR Marine will draw on our global oil and gas and marine construction expertise to deliver innovative construction services for Sunrise and the Saldahna Import Terminal project.

“This represents a landmark project for our business and a continuation of our international expansion strategy.”

The Saldanha LPG Import and Storage Terminal Project is a green field project located at Saldanha Bay, South Africa, 130 kilometres north of Cape Town. The terminal will import and store Liquid Petroleum Gas (LPG) and distribute the product throughout South Africa. 

Sunrise Energy is a partnership between Ilitha Group Holdings Pty Ltd, Industrial Development Corporation (IDC) and Mining Oil and Gas Services (MOGS)

About Clough

Clough works with some of the world’s largest companies to engineer, construct, commission and maintain a comprehensive range of facilities for oil and gas, metals and minerals, and infrastructure projects. The company’s full project lifecycle delivery model reduces risk and optimises safety, productivity and cost across every phase of a project. 

Established in 1919, Clough’s services are underpinned by a dedication to project delivery excellence that has spanned over 90 years.  Today the company employs a workforce of nearly 3,000 people from operating centres across Australia, Papua New Guinea, UK, North America and Asia.

Backed by an experienced leadership team, talented people and sophisticated project management systems, Clough is committed to safety, sustainable development and the wellbeing of the people, communities and environments.

Source: Clough Website - http://www.clough.com.au

About Sunrise Energy

Sunrise Energy is developing and constructing a LPG Import Terminal in Saldanha Bay, Western Cape, South Africa, with the facility scheduled for commissioning by the second quarter of 2017. 

Sunrise Energy aims to provide affordable and efficient energy infrastructure services to its customers. The terminal will be an open-access facility, which means that it can be utilised by any gas importer, distributor or downstream user for the import of Liquefied Petroleum Gas (LPG), Commercial Propane or Commercial Butane.

The facility will address LPG supply shortages in the region and will transform the energy mix in the Western Cape and further afield, allowing for less dependence on electricity, specifically for thermal applications in households, the commercial and small industrial sectors. 

Sunrise Energy was initiated in 2007 by Ilitha Group Holdings (Pty) Ltd and, in partnership with the Industrial Development Corporation, the project was successfully developed and is now in the implementation and construction phase.

MOGS (Pty) Ltd acquired a majority shareholding in Sunrise Energy in January 2015, with the shareholding structure in Sunrise Energy now being as follows:
• MOGS – 60% 
• Industrial Development Corporation – 31%
• Ilitha Group Holdings – 9%

MOGS, a South African company, is owned and controlled by Royal Bafokeng Holdings, a community-based investment company whose growth uplifts and creates intergenerational wealth for the Royal Bafokeng Nation in South Africa’s North West province.

Source: Sunrise Energy Website - http://www.sunrise-energy.co.za

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Jul 26, 2021

Ofwat allows retailers to raise prices from April

Ofwat
Utilities
water
prices
Dominic Ellis
3 min
Ofwat confirms levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue

Retailers can recover a portion of excess bad debt by temporarily increasing prices from April 2022, according to an Ofwat statement.

The regulator confirmed its view that levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue, thereby allowing "a temporary increase" in the maximum prices. Adjustments to price caps will apply for a minimum of two years to reduce the step changes in price that customers might experience.

Measures introduced since March 2020 to contain the spread of Covid-19 could lead to retailers facing higher levels of customer bad debt. Retailers’ abilities to respond to this are expected to be constrained by Ofwat strengthening protections for non-household customers during Covid-19 and the presence of price caps.  

In April last year, Ofwat committed to provide additional regulatory protection if bad debt costs across the market exceeded 2% of non-household revenue. 

Georgina Mills, Business Retail Market Director at Ofwat said: “These decisions aim to protect the interests of non-household customers in the short and longer term, including from the risk of systemic Retailer failure as the business retail market continues to feel the impacts of COVID-19. By implementing market-wide adjustments to price caps, we aim to minimise any additional costs for customers in the shorter term by promoting efficiency and supporting competition.”  

There are also three areas where Ofwat has not reached definitive conclusions and is seeking further evidence and views from stakeholders:   

  1. Pooling excess bad debt costs – Ofwat proposes that the recovery of excess bad debt costs is pooled across all non-household customers, via a uniform uplift to price caps. 
  2. Keeping open the option of not pursuing a true up – For example if outturn bad debt costs are not materially higher than the 2% threshold. 
  3. Undertaking the true up – If a 'true up' is required, Ofwat has set out how it expects this to work in practice. 

Further consultation on the proposed adjustments to REC price caps can be expected by December.

United Utilities picks up pipeline award

A race-against-time plumbing job to connect four huge water pipes into the large Haweswater Aqueduct in Cumbria saw United Utilities awarded Utility Project of the Year by Pipeline Industries Guild.

The Hallbank project, near Kendal, was completed within a tight eight-day deadline, in a storm and during the second COVID lockdown last November – and with three hours to spare. Principal construction manager John Dawson said the project helped boost the resilience of water supplies across the North West.

“I think what made us stand out was the scale, the use of future technology and the fact that we were really just one team, working collaboratively for a common goal," he said.

Camus Energy secures $16m funding

Camus Energy, which provides advanced grid management technology, has secured $16 million in a Series A round, led by Park West Asset Management and joined by Congruent VenturesWave Capital and other investors, including an investor-owned utility. Camus will leverage the operating capital to expand its grid management software platform to meet growing demand from utilities across North America.

As local utilities look to save money and increase their use of clean energy by tapping into low-cost and low-carbon local resources, Camus' grid management platform provides connectivity between the utility's operations team, its grid-connected equipment and customer devices.

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