Ppp Client Form 2

GOVERNMENT OF BAYELSA STATE OF NIGERIA MINISTRY OF FINANCE AND BUDGET PUBLIC PRIVATE PARTNERSHIP DEPT CLIENT/ COUNTERPARY PRESENTATION FORM (Please Write Legibly or Print)

PROJECT SUMMARY

A.

MOTHER MINISTRY: Ministry of Finance and Budget DEPARTMENT/AGENCY: Public Private Partnership PPP INTIATIVE: Transportation e.g., Buses, Cars, Tricycles, etc. LOCATION: Bayelsa State. TOTAL PROJECT COST: NEGOTIABLE STATE CONTRIBUTION IN %: Unknown, but to provide Bank Guarantee. COUNTERPARTY CONTRIBUTION IN %: 100% in its present form CONSTRUCTION TENOR: __________________________ CLEAN-UP PERIOD: Initially 3 years

COMPANY NAME: Eurogate Energy Limited ADDRESS: 1

1. 214, kirikiri Road, Olodi - Apapa, Lagos 2. Obajana Cement Factory Complex, Obajana, Kogi State 3. Akure Cooperative Compound, Km 5, Ondo Road, Akure, Ondo State PHONE NO: 08063983945, 07056732167 E-MAIL:[email protected]

FAX:

CONTACT PERSON: Mr. Godwin

Obode

COUNTERPARTY DETAILS COMPANY NAME: Eurogate Energy Limited

214, kirikiri Road, Olodi - Apapa, Lagos

ADDRESS: PHONE/FAX:

08063983945, 07056732167

E-MAIL:

[email protected]

RC NO:

70328

DATE OF INCORPORATION: 24-07-2009 NATURE OF BUSINESS: Oil &Gas, Trading, Haulage/Transportation SECTOR: INSIDER RELATED: YES (

)

NO

(

)

DETAILS OF DIRECTORS: (attach additional sheets if necessary) (1.)

Name: Mr. Godwin Obode Position: Managing Director/ Chief Executive Address: Plot 214, Kirikiri Road, Olodi Apapa Qualifications: Higher National Diploma Accounts 2

Phone: 08063983945, 07056732167 DETAILS OF KEY PROMOTERS: (1.)

Name: Same as Above Position: Address: Qualifications: Phone:

DETAILS OF MANAGEMENT :( Attach CV if necessary): (1.) Name: Mr. Lawrence Obode Position: General Manager Address: 12, Oluwatoyin Street, Heritate Estate, Akute,

Lagos Qualifications: B.Sc Economics Phone:08033328846 BRIEF HISTORY OF COMPANY: Eurogate Energy Limited (EEL) is a company incorporated in Nigeria on the 24th of July 2007, to carry on the business of trading Petroleum Products and Energy Generation. In view of the dwindling situation presently in the oil and gas sector of the economy, Eurogate immediately diversified into trading in Dangote Cement, Haulage and transportation in order to remain relevant in the system using the experience and expertise of it’s sister company, Supercede Nigeria Limited, who have been in active business over the past fifteen years. The combine effor%ts of these two companies’s resulted in a business turnover of over N3.2 billion in the year 2008. Our major Bankers are First Bank of Nigeria Plc, Guaranty Trust Bank Plc, Fidelity Bank Plc. Furthermore, Eurogate Energy Limited have also recently secured a 62.5 acres of land in Ondo State for the purpose of building a Private Power Plant with ‘Power Cap Nigeria Limited’ (a power solution outfit in Lagos) as the consultant to the project. SUBSIDIARY COMPANY (S):

a. b. c. d.

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SPECIAL CONDITIONS/COVENANTS/GUARANTEES COVENANTS (if any) attached to project:

•

(a)______________________________ (b)_______________________________ (c)_______________________________ • SPECIAL CONDITIONS REQUESTED: a. Operation should be carried out through local government councils b._______________________________________ c._______________________________________ • GUARANTEES REQUIRED: a. Bank Guarantee to be provided by the State Government. b.___________________________________ c.___________________________________ •

CONDITIONS PRECEDENT TO COMMECEMENT OF PROJECT (Specific more stones that need to be achieved before project can commence).

a.

Offer letter from the State Government

b. Agreement detailing terms and conditions c. Bank Guarantee covering the entire transaction d. Percentage contribution, if Government deems it necessary PROJECT TIME LINES: (Give a construction time table for the project) attach paper if necessary

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FLOOR PLAN/ARCHITECTURAL DESIGNS (attach):

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FINANCIAL DETAILS •

TOTAL PROJECT COST: Negotiable

•

EQUITY CONTRIBUTION (a) state contribution %: Presently unknown but will provide Bank Guarantee

(b) Counterparty contribution %: 100% in its present form

• FINANCIAL: •

FINANCING CONDITION (if any): Provision of Bank Guarantee by the State Government

(a) INTEREST RATE:

Ruling Money Market Rate at the time of purchase

(b)OTHER FINANCING CONDITION: ( Clearly state) (c) CONDITIONS OF REPAYMENT WHERE APPLICABLE:

(Straight line)

i.e., equal installment covering the repayment period. SECURITY REQUIRED; (i) Counterparty; Vehicles to be provided (ii) State

Bank Guarantee

(d)ANALYSIS OF FINANCES: (description of proposed state & counterparty security details)

The State is expected to provide a Bank Guarantee from any reputable Nigerian Bank, while Eurogate will provide 100% funding except if the 6

Government is willing to subsidize the transaction to lessen the burden of repayment on the beneficiaries.

PROJECT HISTORY PPP PROJECTS CONSUMATED: 1. PROJECT

COST OF PROJECT

N/A

LOCATION

STATUS

7

TENOR

YEAR OF COMMENCEMENT

INDUSTRIAL ANALYSIS/PRECAUTION/ BENEFITS EIA: ___________________________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________ • INDUSTRIAL PURPOSE/BENEFIT OF PROJECT TO STATE: • INDUSTRIAL PURPOSE/BENEFIT OF PROJECT TO INDUSTRY • ECONOMIC BENEFITS: 1. 2. 3.

4. 5. 6.

Job creation, thereby empowering the citizenry of the State It will create a sense of belonging, by bringing governance to the grass root level. Reduce Armed Robbery, Poverty, Militancy and other social vices in the State. It will boost Tourism Availability of affordable and comfortable transport system It will galvanize other activities in the state e.g, Agriculture, Oil and Gas, Trading, etc.

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