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b)
c)
Questions answered:
A.- The buyer of the current energy that our Plant 10 MW WILL BE PRODUCING is the
Spanish National Company of Electrical Network
named " RED ELCTRICA DE ESPAA S.A. " - ELECTRICAL GRID OF SPAIN INC. - with
C.I.F. - TAX IDENTIFICATION CODE - A85309219.
B.- We have a Pre-Contract WITH ENERGY BUYER, but not a CONTRACT.
I HAVE ATTACHED TO YOU THIS PRE-CONTRACT SIGNED ON THE DATA August 28th
of the year 2015 betwen my company ENERGAS TELECORENOVABLES
S.L. and THE Spanish National Company of Electrical Network named RED
ELCTRICA DE ESPAA S.A. " and, in addition to this I have attached its translation
to the english language.
C.- The prices of the energy are calculated on this Pre-Contract as follows on the next table:
YEAR
PRODUCED POWER (KWH)
MWHE) TOTAL PURCHASE PRICE ()
AO
ENERGA
ELCTRICA
PRODUCIDA (MWHE)
PRECIO
UNITARIO DE LA
COMPRA
(/MWHE)
PRECIO TOTAL DE
LA COMPRA ()
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
190,00
193,80
197,68
201,63
205,66
209,78
213,97
218,25
222,62
227,07
231,61
236,24
240,97
245,79
250,70
255,71
260,83
266,05
271,37
276,79
5.358.000,00
5.465.160,00
5.574.463,20
5.685.952,46
5.799.671,51
5.915.664,94
6.033.978,24
6.154.657,81
6.277.750,96
6.403.305,98
6.531.372,10
6.661.999,54
6.795.239,54
6.931.144,33
7.069.767,21
7.211.162,56
7.355.385,81
7.502.493,52
7.652.543,39
7.805.594,26
21
22
23
24
25
28.200,00
28.200,00
28.200,00
28.200,00
28.200,00
282,33
287,98
293,74
299,61
305,60
7.961.706,15
8.120.940,27
8.283.359,08
8.449.026,26
8.618.006,78
TOTAL
705.000,00
243,43
171.618.345,92
D.- We have not signed, for the moment, the definitive CONTRACT with the company
ELECTRICAL GRID OF SPAIN INC. because we need funds from an investor
to pay the following items, as described in the Pre-Contract signed:
D.1.- A BANK GUARANTEE be required for a minimum amount of 5 million euros
(5.000.000,00 - $ 6,000,000.00).
D.2.- A financing agreement of Bank Certificate availability of financial resources for a
minimum amount of 28 millions euros (28.000.000,00 ) - $ 34 million
(34,000,000.00)
D.3.- A Purchase Agreement with the Manufacturer or Equipments Supplier for a minimun
amount of 25 miillion euros (25,000,000.00 - $ 30 million (30,000,000.00).