PORTFOLIO 2

We detail below some of the projects completed by FEL over the last 25 years.

Aggreko: Aggreko International Power Projects

Project ManagementAggreko is the global leader for the supply of temporary power solutions, their plant includes, diesel and gas generators, loadbanks, transformers, engineering, project management services and operation and maintenance services.

Appointed by Aggreko in August 1998 FEL carried out a business location study for their head office and service and repair facility for their “Rest of World” operations leading to the appointment of FEL as Owner’s Representative for the implementation of the phase 1 development at Jebel Ali Free Zone, Dubai. Following 10 annual phases, facilities have been built to grow an initial 300MW demand base to today’s near 6,000MW fleet. FEL concurrently acted as Owners Representative for additional Service & Distribution facilities in Holland, Mexico, Panama, Singapore and Uruguay.   

CDC Group plc (formerly Commonwealth Development Corporation)

CDC is a leading equity investor in global emerging markets and retained the services of FEL from 1997, for a variety of IPP projects, including:

  • Kipevu II, Mombasa, Kenya. A 74MW, HFO power station, of contract value of US$80 million. CDC are part of  the delivery group comprising CDC, Cinergy Global Power (USA), Wartsila (Finland), and IPS (Kenya); finance provided by CDC, IFC, and DEG.
  • Project ManagementMuzizi Hydroelectric IPP, Uganda. This 13MW Run of the River hydroelectric scheme is located near Fort Portal, western Uganda. The development includes 90km of transmission lines supplying electrical power to CDC's Rwenzori Highlands Tea Company, third party tea estates and the Uganda Electricity Board.
  • Ace Power IPP, Sri Lanka, Ace Power IPP consists of two 25MW HFO power stations located at Matara and Anuradhapura (later relocated to Horana), developed in joint venture with Aitken Spence and local banks. Following financial close and the award of EPC and O & M contracts, FEL was appointed by Ace Power Generation as Owner’s Representative for the delivery of the two power stations. 

JAIDO (Japan International Development Organisation Limited)

Project ManagementThe Japanese Federation of Economic Organisations (Keidanren) and the Japanese Government established JAIDO in 1989. 132 major corporations and the OECF are the major share holders, providing ¥16.35 billion for capital investment towards developing and transitional economies. 

JAIDO appointed FEL as Owner’s Representative for the development of the Central Business Center, Budapest. Pre-development services included, Business Location Study, Investment Feasibility Study, Environmental Impact Assessment and Financing Proposals. JAIDO were the sponsor investor in consortium with Nichimen Corporation of Japan, Universale International GmbH of Austria, and property Partners Kft, Hungary. Debt finance was provided by EBRD and RZB. The development attracted Pepsi Cola, Citibank, Novartis and Hungarian Telecom as core tenants.