 |
 Deutz Containerized Power Modules - Dubai
--
Walters Power International
has recently purchased 22 1.35 MW
diesel fired units in Dubai adding to its inventory of power modules.
During the last three years Walters Power has purchased nearly 200
power modules for resale, putting it in the category of one of the largest
suppliers of this versatile power generation equipment.
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 Bhikhi
Power Plant - Pakistan
--
Walters Power International,
through its affiliate, PPR has originated and developed an $80M, 136MW power
project inaugurated in December, 2007 outside of Lahore, Pakistan. This
plant is powered by three General Electric LM6000 gas turbine generators.
Walters Power developed the guarantee mechanism with the government owned
utility that allowed for this project to proceed and is now being used for
many other power developments in Pakistan. WPI sourced the equipment,
negotiated and administered the EPC, Start Up and Commissioning and the O&M
agreements. As owners WPI provides regular oversight of plant operations. |
|
 50Hz
Natural Gas/HRSG
Power Plant - Spain
--
Walters Power International purchased a
complete natural gas cogeneration power plant in July, 2007 consisting
of two Deutz TBG632 engines and ancillaries from Alfacel Cogeneracion.
In addition, a third Deutz TBG632 engine and ancillaries was purchased in
September 2007. This makes a total of 10.2 MW power plant complete
with a heat recovery system. This equipment is currently being marketed for sale.
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|
 CAT
3516 - Houston
Hospitals --
Walters Power International purchased 6 MW
diesel emergency power plant May, 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.
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BFG - California --
March 2007,
Walters
Power and PMSI in conjunction with SCT Energy
has developed
a dual fuel power module that operates on bio fuel and
natural gas. 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 --
March 2007, Walters Power International and
PMSI
provided
the equipment and the design, installation, commissioning and O&M for a
power solution to the Victorville Municipal Utility in San Bernardino,
California. Walters Power 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 March 2007, one of the
largest engineering and contracting firms, Kellogg Brown and Root and their
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 man camp in Escravos, Nigeria, and will be
used for both 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.
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 Pakistan
Power Resources
--
7.
Pakistan Power Resources - Walters Power International formed an Oklahoma
limited liability company for the purpose of developing power projects in
Pakistan in December 2006. Pakistan Power Resources, LLC is owned 35% by
WPI and 65% by a Pakistan based partner Associated Group. One $80M project
has been completed and two more projects totally over $200M are under
development. |
|
 Preventive
Maintenance Services Inc., -
Louisiana
--
Walters Power International
in June 2006 begun to
vertically integrate its activities by acquiring interest in engine service
and emission companies that complement the turn key solutions that so many
customers require from secondary market equipment. One such firm is
Preventive Maintenance Services, Inc. (PMSI), located in New Iberia,
Louisiana. PMSI has been in the business of offering energy projects,
environmental emissions developments and maintenance and service on all
types of power equipment for26 years. Chris LeLeux is supported by a
capable staff and a full range of mechanical and technical associates. |
|
Colonial Pipeline -
Mississippi
--
In June 2006, when one of the nation’s largest pipeline companies decided to
buy its
first electrical generating equipment to avoid future shutdowns as
experienced during Hurricane Katrina, they came to Walters Power
International for 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 over $100M a year in
electricity. |
|
 Moses
Lake Power Plant -
Washington
--
Walters Power International purchased
62.4 MW dual fuel containerized units, transformers,
SCR, unassembled engines, and substation equipment in April, 2006 consisting
of Mitsubishi
engines ranging from 1.4 MW to 2 MW from Sempra Energy. This
equipment is currently being marketed for sale.
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 Wartsila
12V200 & 18V200 Power Plant -
United Kingdom
--
Walters Power International purchased
40 MW diesel complete power plant equipment in March, 2006 consisting of
nine 2.2 MW Wartsila 12V200 engines and six 3.3 MW Wartsila 18V200 from West
Bromich Steel Limited. This equipment is currently being
marketed for sale.
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 AES
Power Plant - Dominican Republic
--
In February 2006,
Walters Power International
worked with AES and PMSI to provide the equipment,
design, install and commission a 4x Deutz RS1350G plant that converted flare
gas at the Caribbean’s largest LNG facility that was losing as much as $3M
dollars in gas to an efficient and reliable 5.4 MW power plant that is now
selling up to $5M in electricity. This plant installation likely paid out
for the client within a year. |
|
 Stewart
& Stevenson
--
Walters Power International purchased in
October,
2005 five mobile Deutz diesel packaged units from S&S. WPI
utilized this equipment to lease to the Coastal Water Authority emergency
project in Houston, after Hurricane Rita. WPI marketed and sold this
equipment to Plains Pipeline, Golden Spread Electric Coop, and Pakistan
Power Resources. |
|
 Holditch Power Plant -
United Kingdom
--
Walters Power International purchased
the 10 MW Holditch Power Plant in September,
2005 consisting of three 3.4 MW Deutz TBG632 engines from PowerFind
International. WPI marketed and sold this plant in December 2005 to
Zao Tamanneftegas, a Russian limited liability company. |
|
 Pyebridge Power Plant -
United Kingdom
--
Walters Power International purchased
the 9 MW Pyebridge Power Plant in February,
2005 consisting of three 3 MW Wartsila 16V25SG engines from Warwick Energy. WPI
marketed and sold this plant in August 2005 to Sofia, Bulgaria-based
Toplofikatziya Bourgas Ltd., one of Bulgaria's largest energy companies. |
|
 Stewart
& Stevenson
--
Walters Power International purchased in February,
2005 twenty two mobile Deutz 620 packaged units from S&S. WPI has
had significant experience in
marketing such packaged units. This equipment is currently being
marketed for sale.
|
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Stewart
& Stevenson
--
Walters Power International purchased in January,
2005 4X16V632 natural gas Deutz gensets each producing 3.2 MW of power.
These units were sold within 3 months. |
|
 Stewart
& Stevenson
--
Walters Power International purchased in October, 2004
$600,000 of surplus equipment (2X18V220SG Wartsila Gensets) when a division
of this S&S, involved in the distributed energy business, was liquidated.
Half of the equipment was sold within 4 months paying off the original
investment cost. |
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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.
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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.
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 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 --
Cimarron Power, LLC, managed by David Walters, identified the
opportunity and negotiated in 2003 a multi-million dollar lease of 100 MW of
power in Mexico for a 7 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 --
Cimarron 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.
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Capstone Micro Turbines
--
Cimarron
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. |
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|
 Williams Distributed Power Services, Inc.
--
Walters Power International 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 both were managed by David
Walters. Approximately 50% of the equipment was acquired and resold before
a contract dispute prematurely ended the phased purchase.
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General Electric Corporation
--
Walters Power International 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 successfully concluded for a
significant profit. |
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Carthage Power Plant
--
Walters Power International purchased this 60 MW Frame 6 cogeneration plant in upstate New York in December 1998. Initial plans to salvage the plant changed to bringing this 5-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. |
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Natural Dam Power Plant
--
Walters Power International purchased this 60 MW GE
Frame 6 co-generation plant in upstate New York in December 1998. The
turbine generator set was sold to GE and the remaining equipment and
facilities were salvaged within a 9-month period. |
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PowerBarge I (30 MW, Boiler Steam Turbine, HFO)
--
Walters Power International served as the co-developer and
lead negotiator for a 30 MW 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 3 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. |
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PowerBarge II (50 MW, Reciprocal Engines, HFO)
--
In conjunction with the PowerBarge I project an additional project of 50 MW was contracted in the Dominican Republic to be installed in approximately 6 months after the connection of PowerBarge I. This barge mounted project consisting of slow speed reciprocal engines (4x12.5 MW, 18 V Man 52/55) will operate on Bunker C fuel and was also located in Barahona , Dominican Republic . WPI arranged for the purchase of a 72 MW power plant in Australia , which was disassembled and remounted in Mexico on a barge purchased in Singapore for this project.
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PowerStation III
--
An affiliate of WPI, Odyssea Marine, Inc., has purchased 2 x 22 MW LM2500 gas turbines for sale or contract. WPI was asked to market this equipment and arranged for a sale to a U.S. utility which was closed 60 days after the request to market the equipment for a significant profit above the acquisition cost. |
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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 (PowerBarge I)
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India - Andra Pradesh
--
Walters Power International was invited by Morgan McGuire of Washington , D.C. to develop a 50 MW project in the state of Andra Pradesh , India . David Walters traveled to India in December, 1998 for negotiations and site review. Final documents for this project were developed but negotiations with local sponsors stalled.
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India - Rajistan
--
Walters Power International was invited to develop a 50 MW project in the state of Rajistan , India . Meetings in Houston and India were held. The project is currently dormant.
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Bata Power Plant
--
Walters Power International signed a project agreement on April 20, 1998, with the Minister of Mines & Energy from Equatorial Guinea to develop a small (12 MW) plant in Bata and to make extensive improvements in the distribution system of this West Africa city. A PPA was negotiated but not implemented due to limited country guarantees of payment.
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Cap Haitien Power Plant
--
A Power Purchase Agreement for approximately 10 MW was assigned to Walters Power International by Intereselect , S.A. Walters met with officials on numerous occasions including the President of the country. The project is currently dormant.
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Nicaragua
--
David Walters traveled to Nicaragua twice during 1997 and met with the nation's President on four occasions. The utility asked for a power barge project and requested site recommendations by WPI. Six sites were identified and one was mutually selected. Utility engineers inspected the PowerBarge I project and reported favorably. David Walters had preliminary discussions with Inter-American Development Bank about special guarantees. Since PowerBarge I was contracted elsewhere, discussions with Nicaragua were discontinued. |
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Brazil
--
Walters traveled to Brazil five times in 1996 & 1997. Proposals were made to Electronorte for plants in Macapa, Manaus and Rio Branco. These proposals were not selected in a competitive solicitation or the RFP's were canceled.
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Azerbaijan
--
David Walters was invited to meet with the President of Azerbaijan and traveled to Baku . The President asked for a proposal for a 300 MW combined cycle power plant in Baku and a 150 MW HFO plant in Natchevan. WPI developed a proposal using GE and Wartsila engines and submitted the fully translated proposals in 1996. The project has not advanced further.
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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, Grenada, Greece,
and Guam. |
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Karnataka Power Barge - India (300 MW, Combined Cycle, PLC, 5 years)
--
David Walters submitted proposals that resulted in award of two power barge projects totally 300 MW to be located in Karnataka, India. David Walters made two trips to India where he personally turned an initial negative decision into a positive one after lobbying over a period of 18 days the Chief Minister of the State of Karnataka and several members of the Cabinet. Two EPC proposals were assembled from GE and Westinghouse. Westinghouse, development engineering consultants and Raytheon assisted Walters in assembling an equipment configuration that was responsive to the Government's need to move with extraordinary speed. Legal representation was provided by Skadden Arps of Washington , D.C. and Luthra & Luthra of Delhi , India . Following the initiation of the PPA negotiations David Walters formed his own company. One of these two power barge projects has now signed a PPA and is underway.
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Smith/Enron Power Barge - Dominican Republic (185 MW, Combined Cycle)
--
David Walters was President of one of the co-development companies while Phase Two of this project was being completed. The Smith/Enron Dominican Republic Power Project is one of the world's first and was at the time, the world's largest barge-mounted, combined-cycle power project. The plant has a capacity of 185 MW. A Power Sales Agreement with the electric utility was completed in the Dominican Republic in July of 1993.
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Haiti Power Barge (40/100 MW, Medium Speed Diesel Engines, #6 Fuel, 15 years)
--
David Walters made six trips to Haiti which resulted in an agreement ("Binding Letter of Intent") being signed in June, 1995. The PPA negotiations stalled pending a privatization debate, a change of administration and negotiations with the IDB and OPIC on reform of the local utility.
Substantial work in Washington occurred in November and December, 1995 with OPIC and IDB being used as a catalyst to re-initiate negotiations with the government. The new Haitian administration was introduced to the project by David Walters in January, 1996. Legal representation was provided to Mr. Walters by Greenberg Traurig of Miami , Florida .
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Rio Haina Rehabilitation "DR 2" (365 MW, Rehabilitation, #6 Fuel, 15 years)
--
Eight trips to the Dominican Republic were made by David Walters in 1995 which resulted in an Agreement in Principle being signed in June, 1995. Project documents were developed and a project consortium was organized to design and estimate the project. PPA negotiations stalled in September, 1995 due to an election year delay in the award of the contract. Further work on reviving this project was delayed until Presidential elections were completed in May, 1996. Legal representation was provided by Greenberg Traurig. |
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Pakistan Power Barge (450 MW, Combined Cycle, Premium Light Crude)
--
Extensive work occurred on a 300 and 450 MW gas turbine combined cycle barge-mounted plant. The Letter of Intent (LOI) was issued by the Government of Pakistan for a 450 MW power plant on March 28, 1995. A performance bond in the amount of $986,000 was put up and later returned in December, 1995 as the project was delayed due to World Bank limitations on the country. Legal representation was provided by Chadbourne Parke of Washington , D.C.
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Pakistan Lakhra Integrated Coal Mine and Power Plant Project (450 MW, CFB Boiler, Coal)
--
David Walters invested extensive work on this project in 1995. He visited the site in the desert north of Karachi , negotiated a memorandum of understanding and a technical services agreement with Bechtel and negotiated with the Sindh provincial government a demarcation of coal leases. The LOI was issued on July 6, 1995. The LOS was issued in March, 1996. Walters also negotiated a coal mine development agreement with Crouch Mining, England 's largest surface coal mine developers, J. T. Boyd consultants and other members of the project team. PPA negotiations are still underway. Legal representation was provided by Chadbourne Parke.
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Ecuador (120 MW, Pratt Whitney, Skid Mounted, Diesel)
--
David Walters traveled to Ecuador to respond to an RFP issued by the country. A PPA, joint venture agreement and a lease purchase agreement were negotiated. The project stalled when the Joint Venture partner failed to honor their agreement. Legal representation was provided by Greenberg Traurig, Miami. |
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Senegal (50 MW, barge, diesel)
--
Following work together in Ecuador , GTI asked David Walters to fill the role of developer for a bid that GTI had been qualified by the country to participate in a bid process. The bid package was assembled and submitted in February, 1996. The bid was the lowest bid submitted. GTI is proceeding with the project. |
