Star Power Plant - Pakistan
WPI, through its affiliate PPR, has purchased the stock for the development of a 136MW gas fired IPP generation project in Pakistan. WPI is currently applying for debt financing from the Overseas Private Investment Corporation (“OPIC”). The project has a dedicated gas source and will sell its power under a 25 year PPA.
Naudero II Power Plant - Pakistan
WPI has been awarded and has completed the engineering and acquired the equipment to develop, built, own and operate a 50MW natural gas fired expansion of the Naudero Power Plant using 2 X GE LM 5000. This project is being developed through Walters Power Ltd, an affiliate of WPI.
Naudero Power Plant - Pakistan
WPI developed, built, owns and operates a 50MW natural gas-fired 2 X Rolls Royce RB211 power plant near Naudero, Pakistan, commissioned in May 2010. The EPC work was done by ProEnergy Services of Sedalia, Missouri. This project was developed through Walters Power Ltd, an affiliate of WPI.
Trumfleet Power Plant – Doncaster, UK
WPI, through its affiliate, WP UK, installed and commissioned in April 2010 a small STOR (“Standing Operating Reserve”) 8.8 MW plant using 4X12V200 Wartsila units from its inventory. The UK national grid has indicated that this is the first “purpose built” standing reserve plant developed. WP UK expects to continue to develop similar plants and to build a significant if not dominant position in this important market in the UK.
Natural Gas/CHP Power Plant - Spain
WPI purchased a complete natural gas combined heat and power in 2009 consisting of three Wartsila 12V25 engines and ancillaries. The plant has been dismantled by WPI and is currently stored in Barcelona. The equipment is currently being marketed for sale.
Bhikhi Power Plant - Pakistan
WPI developed, built, owns and operates a 136 MW natural gas fired 3 X GE LM 6000 power plant near Lahore, Pakistan. The plant was developed in 2007. This plant represented one of two plants that pioneered a new contracting approach for Pakistan (Rental Power Agreements). This work was done through Pakistan Power Resources, LLC., an affiliate of WPI and Pakistan based Associated Group. David Walters and his partner, Iqbal Ahmed, were featured in the February 2009 issue of Forbes Magazine.
Deutz Containerized Power Modules – Dubai
WPI purchased 22 1.35-MW diesel-fired units in Dubai adding to its inventory of power modules. Between 2004-07, WPI purchased nearly 200 power modules for resale, putting WPI in the category of one of the largest suppliers of this versatile power generation equipment.
Natural Gas/HRSG Power Plant - Spain
WPI purchased a complete natural gas cogeneration power plant in 2007 consisting of two Deutz TBG632 engines and ancillaries from Alfacel Cogeneracion. In addition, a third Deutz TBG632 engine and ancillaries was purchased in 2007, completing a 10.2 MW power plant with a heat recovery system. This equipment was sold to Global Enerji of Turkey in 2008.
CAT 3516 - Houston Hospitals
WPI purchased 6 MW diesel emergency power plant in 2007, consisting of three 2 MW CAT 3516 STD engines from St. Luke's Episcopal Hospital and Texas Children's Hospital. This equipment is currently being marketed for sale.
Bi-Bio-Fuel Generators - California
WPI and PMSI, in conjunction with SCT Energy, developed a dual fuel power module that operates on bio fuel and natural gas in 2007. The unit, which meets California emissions standards and qualifies for alternative fuel credits, is a significant development in the arena of containerized power modules.
Victorville, California
WPI and PMSI, a WPI affiliate, provided the equipment and the design, installation, commissioning and O&M for a power solution to the Victorville Municipal Utility in San Bernardino, Calif., in 2007. WPI had immediately available equipment and was able to provide a rapid and complete solution to a municipal utility that has growing industrial demands.
KBR - Nigeria
In 2007, one of the world's largest engineering and contracting firms, Kellogg Brown and Root, and its partners Southern Gas Constructors Ltd, asked WPI to supply 2x Deutz 1350 and 1x MHI 1400 containerized units. The 4.1MW mobile plant will power their camp in Escravos, Nigeria, and will be used for area lighting and security, as well as for the completion of construction and pre-commissioning activities for the Chevron Nigeria Limited Gas-to-Liquids project. These activities include the checking/testing of the electrical switch gear and controls equipment and testing/run-in of electrical motors. The generators will also provide temporary power for the HVACs in the Admin Building Control Room as they construct a 34,000 barrel-per-day gas to liquids products plant for Chevron Nigeria Limited.
Colonial Pipeline – Mississippi
When one of the nation’s largest pipeline companies, Colonial Pipelines, decided to buy its first electrical generating equipment to avoid shutdowns such as the one the company experienced during Hurricane Katrina, they came to WPI. In 2006, Colonial purchased 12 Mitsubishi power modules that were fully containerized and trailer mounted. Modified and tested by PMSI, these units have become the mainstay in a pipeline network that spends more than $100M a year in electricity.
Moses Lake Power Plant
WPI purchased the Moses Lake Power Plant in 2006. The plant consisted of 29 Mitsubishi containerized bi-fuel power modules complete with SCR, transformers, substation components, and six unassembled Mitsubishi engines and auxiliaries. WPI sold 12 of these units immediately after the purchase. The rest of the inventory is currently being marketed.
UK Wartsila’s
WPI purchased nine Warttsila 12V200 engines and ancillaries and six Wartsila 18V200 engines and ancillaries from West Bromich Steel in 2006. This equipment is located in the UK and is currently being marketed by WPI and with assistance from Wartsila Corporation.
Holditch Power Plant UK
WPI purchased the 10 MW Holditch Power Plant in 2005. The plant consisted of three 3.4 MW Deutz TBG632 engines from PowerFind International. WPI marketed and sold this plant in a few months later to Zao Tamanneftegas, a Russian limited liability company.
BTEC Lease
WPI leased 6X1.5 MW containerized power modules to BTEC Turbines to use in a green field emergency power station development that was put in operation in 48 hours. This short-term lease, executed in 2005, backed up the Coastal Water Authority in Houston in the aftermath of Hurricane Rita.
Stewart & Stevenson
WPI purchased five Deutz 620 packaged units from S&S in 2005. Three of the units immediately went into a short-term lease with the Coastal Water Authority in Houston to help with the aftermath of Hurricane Rita.
Consorcio Energetico Punta Cana-Macao, S.A.
WPI sold four Deutz 620 diesel fired packaged units to CEPM in 2005 for application in the Dominican Republic. These units provided 5 MW of additional power to accommodate load growth from hotel developments and an upcoming hot summer.
Pyebridge Power Plant UK Purchase
Walters Power Investors, a WPI affiliate formed with a New York hedge fund, purchased the Pyebridge power plant from Warwick Energy in 2005 and sold the plant seven months later to a heating district company in Sophia, Bulgaria. This project consisted of 3X16V25SG Wartsila engines and the sale included the entire power plant and its auxiliaries.
Stewart & Stevenson
WPI purchased 22 mobile Deutz 620 packaged units from S&S in 2005. WPI has had significant experience in marketing such packaged units. Six of these units have been sold and the remaining equipment is being leased or marketed for sale. WPI purchased 4X16V632 natural gas Deutz gensets from S&S, each producing 3.2 MW of power, in 2005. These units were sold for a retail distributed energy application in the U.S. in less than three months. In 2004, WPI purchased $600,000 of surplus equipment (2X18V220SG Wartsila Gensets) when a division of S&S, involved in the distributed energy business, was liquidated. Half of the equipment was sold within four months paying off the original investment cost.
Gharibwal Cement - Pakistan
RTO Power, managed by David Walters, bought and sold two 18V34SG Wartsila gensets in a multi-million dollar transaction to Gharibwal Cement Company in Pakistan in 2005. The power was used to provide a reliable source of power for their cement plants. This 12MW plant originated in Finland and was transported to Lahore, Pakistan.
Ittehad Chemical - Pakistan
RTO Power, managed by David Walters, bought and sold five 18V34SG Wartsila gensets in a multi-million dollar transaction to Ittehad Chemical Company in Pakistan in 2004. The power was used to provide a reliable source of power for their chemical plants. This 30MW plant originated in Finland and was transported to Lahore, Pakistan.
Occidental Petroleum - Ecuador
RTO Power, managed by David Walters, bought and sold three 18V34SG Wartsila gensets for $1,000,000 each to Oxy Petroleum in 2004 to power a remote oil and gas exploration site in Ecuador. This 20MW plant originated in Finland and was transported up the Amazon to its final destination.
Ringhaver Mexico Lease
Brooks Power, managed by David Walters, identified the opportunity and negotiated in 2003 a multi-million dollar lease of 100MW of power in Mexico for a seven-month period using mobile generation equipment. The original lessee was Alstom Power and they later partnered with Ringhaver Power for the lease with the CFE national utility in Mexico.
CAT 3516b Power Modules
Brooks and RTO Power, managed by David Walters, bought and sold 45 of the mobile power modules, primarily to CAT dealers, during the period of September 2003 to February 2004. This volume of sales exceeded all of the CAT dealers during this same period.
Capstone Micro Turbines
Brooks Power and RTO Power, managed by David Walters, bought and sold 45 Capstone C30 micro turbines during the period of September 2003 to March 2004. This is a higher volume of sales than the original equipment manufacturer during the same period of time.
Williams Distributed Power Service
WPI negotiated the purchase and financing of $78 million of surplus equipment in 2003 when a major energy company decided to get out of the distributed energy business. Two LLC’s were organized to handle this purchase and David Walters managed both. Approximately 50 percent of the equipment was acquired and re-sold before a contract dispute prematurely ended the phased purchase.
General Electric Corporation
WPI negotiated the purchase and financing of a $3 million GE Frame 6 gas turbine from GE and remarketed the equipment for sale. This project was sold to BTEC Turbines for an application in Iraq.
Carthage Power Plant
WPI purchased a 60MW GE Frame 6 cogeneration plant in upstate New York in 1998. Initial plans to salvage the plant changed to bringing this five-year-old power plant back on-line. David Walters negotiated water access, connection and tax agreements to restart the plant. A majority interest in this plant was sold to Cayuga Energy, Inc., a subsidiary of Energy East. The plant continues to operate as a merchant power plant
Natural Dam Power Plant
WPI purchased a 60MW GE Frame 6 co-generation plant in upstate New York in 1998. The turbine generator set was sold to GE and the remaining equipment and facilities were salvaged within a nine-month period.
PowerBarge I (30MW, Boiler Steam Turbine, HFO)
WPI served as the co-developer and lead negotiator for a 30MW barge-mounted power project. This project was refurbished in Port Arthur, Texas, and was contracted to the Dominican Republic on March 18, 1998. The PowerBarge I was delivered to the site in Barahona, Dominican Republic, 27 days after signing of the contract and began commercial operations three weeks later. This project is a marine boiler, steam turbine configuration that can operate on a wide range of fuels. Legal representation was provided by the Houston office of Akin, Gump, Hauer, and Field.
PowerBarge II (50MW, Reciprocal Engines, HFO)
In conjunction with the PowerBarge I project, an additional project of 50MW was contracted in the Dominican Republic to be installed approximately six months after the connection of PowerBarge I. This barge-mounted project consisting of slow-speed reciprocal engines (4x12.5MW, 18 V Man 52/55) operated on Bunker C fuel and was also located in Barahona, Dominican Republic. WPI arranged for the purchase of a 72MW power plant in Australia, which was disassembled and remounted in Mexico on a barge purchased in Singapore for this project.
PowerStation III
An affiliate of WPI, Odyssea Marine, Inc., purchased 2 x 22 MW LM2500 gas turbines for resale or contract. WPI was asked to market this equipment and arranged for a sale to a U.S. utility that was closed 60 days after the request to market the equipment -- at a significant profit above the acquisition cost.
Walters PowerShip
David Walters developed a power barge concept containing 16 mobile power units (CAT 3516b’s) for application in international markets. Financing was arranged with CAT Financing. The project was put on hold when an existing power barge was acquired.
Other Significant Proposals
WPI has organized extensive proposals for projects in Turkey, China, Vietnam, Maylasia, Myanmor, Philippines, Australia, China, Guyana, Colombia, El Salvador, Sri Lanka, Bangladesh, Yemen, Costa Rica