Investor Presentaiton
Project Development Timeline
Sithe Global has spent over 6 years developing this Project
MOU Signed
between GoG
and Synergy /
Harza/MWH,
4/98
Project
development
delayed due to
privatization
of GPL and
resumption by
GOG, 2002-
2005
Synergy
identified
Sithe Global as
potential
investor, 4/07
Framework
Project
Agreement
initialed with
IDB signs
mandate
letter, 9/12
Lenders begin
final diligence,
documentation
1/13
Target
financial close
EPC bid
proposals
come in from
5 qualified
bidders, 10/08
Synergy
transferred
Interim
License to
Sithe Global
10/09
Agreement
with China
Development
Bank, 7/10
GOG, 6/11
1998-2002
2003-2006
2007-2008
2009
2010
2011
2012
2013
Synergy/
Harza / MWH
submit
feasibility
report to GoG,
12/01
China Railway
chosen as EPC
contractor,
12/08
EPC price
reduced from
original bid
price, 12/09
12
ESIA
completed
EPC contract
executed, 9/12
Target to
begin
construction
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