|
With the ever increasing international demand for energy, AYR has established a specialist entity named “AYR Energy”. AYR Energy Pty Ltd focuses in carbon-free electrical power generation, production of various forms of renewable fuels and procurement of energy resources.
One of the advantages that AYR Energy has over local Australian Energy groups is the strong international network in developing countries. With globalisation, AYR Energy has an opportunity to provide technical expertise to these areas and benefit from downstream businesses created.
AYR Energy is an Australian based company with a global view. We have the vision, expertise and dedication to develop sustainable energy projects around the world.
We are currently working on Bio-fuels, Solar Energy, Biomass and Hydro projects at varying stages of development across Australia, the Asia-Pacific and Africa. In addition, we have access to Energy Resources such as Uranium, Goal, Oil and Gas.
AYR Energy is committed to innovative energy projects that not only respect the environment and benefit our communities, but sustain profit growth and reward our clients, investors and partners.
Expertise
Our expertise is built on knowledge, skills and an understanding of a broad range of complementary areas related to the Energy sector and these include:
- Analysing a range of costs and benefits associated with new Energy projects from a holistic perspective, with methodologies of cost benefit analysis.
- Integration of sustainability into a range of project types and scales, from renewable energy to the use of natural energy resources.
- The arrangement and procurement of project financing. Our association with investors, fund managers, governments, financial institutions and understanding of banking systems allows us to negotiate favourable terms and conditions.
- Technical expertise across a range of areas related to the technical aspects and construction of new Energy projects, ranging from mega to medium scale projects.
- Dealing in all aspects of government policies, in particular the current regulatory systems for approvals and a firm understanding of the process and implementation aspects.
Project Policies
Prior to a new project, we perform a thorough due diligence. The due diligence is to identify the potential risks and determine what strategies may need to be adopted to reduce the effect of these factors. AYR evaluates the opportunity having regard to the following criteria:
e. Preparation of several detailed feasibility studies which are constantly analysed and refined to determine if the project has the ability to meet the targeted return.
f. Where a joint venture is involved, we satisfy ourselves that the joint venture partner is compatible and has the ability to add value to the project in question.
g. Gain an understanding of other risk factors, such as local government regulations and restrictions, local tax issues, planning and environmental issues, so that we are satisfied that they can be effectively managed.
h. During the feasibility stage, we perform a sensitivity analysis by testing a number of possible scenarios to determine their impact on the profitability of the project and their effect on the projected returns.
Types of Projects
Electrical Power Generation
• Biomass
• Geothermal
• Wind Energy
• Solar Energy
• Hydro
• Hot Rock
• Hydrogen
• Tidal
• Waste to Energy
Renewable Fuels
• Biodiesel
• Ethanol
Natural Energy Resources
• Uranium
• Coal
• Oil
• Gas
Our role in an Energy project spans the full cycle from securing opportunities, scoping studies, concept planning, needs assessment, financial analysis, funding (equity and debt), due diligence, engineering and design enhancement, development, project management and where applicable to the operation or sale of the asset.
Securing Opportunities
Being part of AYR Corporation, we are constantly offered Energy related projects. However, we are selective as the basic fundamentals have to be in place before we decide to pursue the project. These fundamentals include sovereign risk, currency controls, stable government, investment friendliness, credibility of JV partners etc.
The skills involved in our selection are based on sound knowledge of the local markets and the individuals or organisations which are active within them. We assemble first-hand knowledge of both the subject opportunity and the objectives of our investors or JV partners to ensure the right transaction is made.
Project Management
We provide comprehensive Project Management. Our Project Management role is to ensure that the project’s goals and policies are delivered by careful planning, organizing, and managing resources to bring about the successful completion. Our project management role covers the following items:
- Assist the Project Owner with preparatory planning, economic analysis, ad-hoc evaluations and determination of investment;
- Assist the Project Owner with the relevant formalities such as application for various government and regulatory approvals;
- Assist with the Project Owner with: technical requirements, organization of the technical team to optimize the project by analysing various options in technical and economic terms;
- Undertake the role in executing related contracts with general contractor as well as suppliers of materials, equipment, structures and fittings as well as assisting with supervision of its implementation;
- Undertake the role in preparing cash-flows, handling construction claims and payment settlement upon completion and final accounting for the works, , organizing completion acceptance and transfer of as-built files to the owner;
- Undertake the management during the trial operation and warranty period and organizing post project evaluation;
Engineering and Planning
Our directors are made up of professional and qualified electrical engineers, planners and accountants that have a good understanding of the strong correlation between commercial development principles and the technical issues of a new project. The fine line in balancing and combining new technology with commercial principles is fundamental in the success of an energy project.
Corporate and ownership structures
The decision to start an Energy project should be based on a solid value foundation. We analyse the type of players, the preferred business models, the market adoption scenarios, the potential market demand, and the most advantageous channel strategies.
Our objective is to safeguard and maximise the development project’s potential whilst minimising conflict between stakeholders. By adopting a proactive approach to pre-empting and structuring both business and financial models, with a focus on adding value, both in financial terms and in the delivery of the project’s goals. The 'set-up' is critical to success.
Before starting a new development, we carefully analyse and determine the type of ownership vehicle and corporate structure that will best suit our development strategies. In the process we consider some of the more pertinent aspects, which can include:
- What are the long-term goals of the ownership group?
- What control do we want over the project?
- Who will run the daily management activities?
- Which vehicle has the best tax advantages?
- Can the ownership vehicle be transferred to another party?
- Who will be responsible for any losses?
- What are the personal relationships amongst the participants – is it based on self interest and financial ambition?
- Is the structure and/or business model in line with the short and long-term strategy of the ownership group?
Public Private Partnerships
Since the privatisation of infrastructure around the globe, more and more governments are looking Public Private Partnerships (PPPs). These agreements are now widely used internationally to provide enhanced value for money and to advance delivery of essential infrastructure earlier than is otherwise possible through normal funding channels. Public Private Partnerships are the best method available to governments to deliver large, complex and expensive projects, achieving significant savings in both time and money.
As experienced Managers, we have the ability and know-how in structuring and modelling PPP agreements with governments. We work with the following arrangements:
- Build/Operate/Transfer (BOT) or Build/Transfer/Operate (BTO)
- Build-Own-Operate (BOO)
- Buy-Build-Operate (BBO)
- Design-Build (DB)
- Design-Build-Maintain (DBM)
- Design-Build-Operate (DBO)
- Turnkey
|
