District heating around Paris Guarantee policy Christian BOISSAVY Geothermal French Association for Professionals.

Slides:



Advertisements
Similar presentations
Chuck Kutscher National Renewable Energy Laboratory Geothermal Power Potential Energy and Climate Mini-Workshop November 3, 2008.
Advertisements

Public Private Partnership Investment and Construction Armando R. Araujo Cairo 2003.
Creation of Pilot IP Fund Liis Käosaar-Sasi Dorel Tamm.
15 MW Geothermal Energy Plant Stephen Mc Loughlin Stephen Devlin Paul O Reilly Mark Flanagan.
AN OVERVIEW OF PROJECT FINANCE IN PRIVATE-PUBLIC PARTNERSHIPS FINANCE 101 T ERRI S MALINSKY Managing Director B.C.
Philippe SalviAER- "regional policy" seminar Porjus - 01/07/2005 ARENE Ile-de-France Paris’s région régional agency for the environment and new energies.
Bent Ole Gram Mortensen Legal framework as a core element of district cooling success – the case of Denmark HE 2014, Wuhan.
Renewable Energy in Islamic Republic Of Iran
SFRS FOR SMALL ENTITIES
Let’s talk about you What is a target date fund?
High Level Meeting of the State Ownership Authorities State as an owner – ownership policy, execution of state interests and fostering public-private dialogue.
May 2005 The French Water Services: Main present challenges.
Geothermal Project & Financial Drilling Risk Management: The French option Mr. Jacques Chouraki III Seminario Latinoamericano y del Caribe de Electricidad.
1 03/06/2015Franck DELACROIX - ADEME An efficient combustion device leading also to very low NOx emission levels Franck DELACROIX ADEME (French Agency.
Geothermal Energy Projects in Vojvodina From a French business point of view Graff J.J, General manager of ES-Géothemie and vice-president of French Geothermal.
THE SPANISH INSURANCE MARKET 2004/2005 January 2005.
Messages from the World Geothermal Conference in Melbourne Sylvain Broglé Manager Clemessy (Eiffage Group) France 22 June 2015.
PPP Funds for Infrastructure Investments Istanbul, 8th November 2006 Alessandro Merlo Sanpaolo IMI Group International Public and Infrastructure Finance.
Organisation and financing of Public Transport in France Chantal Duchène, Director General, Groupement des Autorités Responsables de Transport (GART),
Financing Urban Public Infrastructure
Is a Financial Institution controlled by the Italian Ministry for Economic Development, participated by leading Italian Banks and Confindustria – the.
Surety Basics 2013 Construction Opportunities Conference
IAEA, Vienna November 2007 SOME PROSPECTS FOR IMPROVING FINANCING OF DEVELOPMENT OF NUCLEAR POWER INFRASTRUCTURE TECHNICAL WORKSHOP ON THE ISSUES FOR THE.
IEE/12/064/SI /02/2015. Municipality of Kecskemét - General economic data  Capital of Bács-Kiskun county  Economic, administrative, educational,
WORKSHOP ON GEOTHERMAL ENERGY: ICELANDIC - BRITISH COOPERATION The Icelandic Energy System Gudni A Jóhannesson Director General Orkustofnun - The Icelandic.
District Heating Technology Improvement of district heating systems efficiency starts at the consumer New calculation tools help consumer and district.
Investment Basics Stock & Bond Basics Mutual Fund Basics Retirement PlanningBuying a Home
Non Technical Barriers in Developing Geothermal District Heating in the Paris Basin Pierre UNGEMACH and Miklos ANTICS GPC IP Paris Nord 2, 14, rue de la.
1 ©2006 MDM Bank – Strategic Planning Department IBLF Improving financial literacy and responsible lending: the MDM experience Michelangelo Mazzarelli.
Directive 98/83/EC « water intended for human consumption » of 3 November 1998 Ministère de la Santé, de la jeunesse, des sports et de la vie associative.
Deep Geothermal Energy in Europe Barriers for market development Philippe Dumas, Manager, European Geothermal Energy Council 23/03/ VILNIUS.
2. Business Valuation. Content Legal Regulation in the Czech Republic Expert`s Report Business Conception Economics Scheme of Business Assets Equity Liabilities.
RISK AND INSURANCE. RISK The chance of loss –Speculative Risk –Pure Risk.
EU Legislation in the field of environment – key developments in 2007 and rd ECENA Plenary Meeting 18 September 2008.
Seite 1 REETA Planning Workshop, Georgetown 11./12. February 2014 Developing Public-Private Partnerships for Sustainable Energy.
David Bridgland – Finance Director UNITED DOWNS DEEP GEOTHERMAL PROJECT 17 th November 2011.
Geothermal Heating System in the City of Bijeljina Bijeljina, City of Bijeljina City of Bijeljina Bosnia and Herzegovina.
Natural Resources & Related Industries Natexis Banques Populaires FINANCING THE INDEPENDENTS NOT AN OFFICIAL UNCTAD RECORD.
STATE AID DAY Office for the Protection of Competition FINANCIAL AND REAL ECONOMY CRISIS AND STATE AID Roland Schachl Federal Ministry of Economy, Family.
François de Ricolfis, sous-directeur du développement international des entreprises 27 novembre 2007 Briefing by French Ministry of Economy, Finance and.
Deep Aquifers (HSA’s) as a heat source for Sustainable Low-carbon District Heating Presented by David Townsend for the Low Carbon Heat International Showcase.
Chapter 3 Financial Management Part 2 BCN 4772 Summer 2007.
Public money for Public goods A new CAP for Europe’s biodiversity Ariel Brunner EU Agriculture Policy Officer European Division, BirdLife International.
SUPREME AUDIT OFFICE CZECH REPUBLIC REPORT FROM DISCUSSION GROUP 3 AUDIT ISSUES FOR PUBLIC PRIVATE PARTNERSHIP VI EUROSAI Training Event Better Auditing.
Secondary legislation on renewable today and tomorrow Nicolae Opris Vicepresident, ANRE ANRE ROMANIAN ENERGY REGULATORY AUTHORITY.
DEVELOPING CREDIT INSURANCE IN AFRICA AND THE MEDITERRANEAN UNCTAD/WTO – TUNISIA OCTOBER 2000.
S Carbon Storage Stewardship Trust Fund Act of 2009 Presented to Washington Coal Club September 9, 2009 Tom Feeley Chris Tomassi.
ACCESS TO THE GRID Vaida Tamašauskaitė Power System Planning Division Power System Development Department Lietuvos energija AB Ryga, 3 July, 2006.
Initiales émetteur + département émetteur + référence manifestation + date(s) Mission Europe Hungarian Delegation 3th and 4th of june 2010 Disability and.
Social Credit in Belgium Caroline EVRARD CREDAL Nice – Septembre 2008.
Geothermal Policy and Regulation Cases from Chile, Kenya, New Zealand and the Philippines November 2015.
EnergyTour November Copenhagen Energy Summit Energy Tour District Heating in Denmark Mr Jan Elleriis, Vice President, Metropolitan Copenhagen Heating.
 Hedge Funds. The Name  Act as hedging mechanism  Investing can hedge against something else  Typically do well in bull or bear market.
Energy Sector of Turkey “General Overview and Policy Objectives” Sinem ÇAYNAK General Directorate for Energy Affairs IEA Turkey IDR Meeting December 8,
Merits and Demerits of the Different Types of Petroleum Contracts Yi, Junseog.
Federal Energy Service Company (FESCO). The potential of power consumption decrease at different stages of energy efficiency projects implementation Existing.
 Industry Analysis. Types of Industry Analysis  Two main methods used  Porter’s 5 Forces  SWOT – Will not go over but another qualitative way to analyze.
Renewable energy support schemes in the Republic of Moldova
The Balmatt Deep Geothermal Project in Northern Belgium
EFSI Investment Platforms Possible application areas in the context of smart specialisation and industry.
Chapter 9 Financial Statements.
Developing Public-Private Partnerships for Sustainable Energy
ASEAN PPP Summit The Public-Private Partnership Model and
Geothermal district heating in the city of Kecskemét MLEI GeoKec – City of Kecskemét (HU) 21/03/ /03/2016 IEE/12/064/SI /03/2016.
Insurance and pensions funds
Privatization in a decentralized setting Case of Szeged Waterworks
Insurance and pensions funds
ECONOMICS IN THE WFD PROCESS
TGC-1 9М 2018 IFRS Results 9 November, 2018.
Chapter RESOURCE ACCESS AND DEVELOPMENT
Presentation transcript:

District heating around Paris Guarantee policy Christian BOISSAVY Geothermal French Association for Professionals

The abundance of various geothermal resources

63 Existing geothermal DH systems in France (2012) More than 75% of the total geothermal production is located in the Ile de France region and specifically in Val de Marne Département. End of 2015, 8 additional DH should be operational, leading to 46 doublets operated in Ile de France at more than 500 MW installed

The favourable geological conditions in the Paris basin

Dogger map dated 1976 Exploration oil and gas wells Iso-depth top Dogger Expected productive zone for the reservoir

Milestones of Dogger exploitation in the Paris basin 1960’s-Pre-oil shock: First attempt (abandoned and second attempt was successful Post first oil shock: Four completed doublets and enforcement of the legal framework Post second oil shock: 51 completed doublets with over 90% of success ratio, first well damage symptoms Late 1980’s-Early exploitation stages: Corrosion/scaling damages and equipment failure (submersible pumps and others) 1990’s-Technological and managerial maturation: technical improvements, with R&D stimuli, debt renegotiation, abandonment of 20 non economic and severely damaged doublets Restart of the geothermal business: ADEME geothermal fund support, private investment, new doublets with upgraded production

Typical geothermal doublet scheme in Ile de France

Concentration in Val de Marne has to be carefully managed

Development issues and gained experience The thermal breakthrough

Development issues and gained experience

Development issues and gained experience The ageing of wells is the true limitation of the operations realized in the 1980s

Development issues and gained experience New schemes to revamp the old doublets

Development issues and gained experience

New plants and remediation of old doublets

New technologies to be utilised in Cachan A new doublet will be drilled sub- horizontally in the reservoir allowing a significant increase in the production flow- rate or giving the possibility to exploit the reservoir even if the permeability is low. (expected flowrate at 450m3/h) (Courtesy of GPC IP)

More than 400 MW th installed for direct uses GeoDH systems Mature technologies adapted from oil and gas business; doublets or triplets in between 5 to 15 MWth using big power heat pump to valorize the geothermal water before injection. DH connecting to inhabitants with existing network revamped or new network fitting with low temperature exploitations.

The key for success in Paris has been the risk mitigation system put in place by ADEME

The Short Term Risk: insurance principles

Payment of 3 to 5% of the covered cost ( for a Dogger doublet of 11 M€ the insurance cost is only around 350K€)

The Long Term Risk: insurance principles

The Long Term Risk: insurance principles The contract duration is 15 years LTR covers : The wells, materials and specific equipment such as anti corrosion devices The geothermal loop The quality of the geothermal resource (clearly established at the origin)

The Long Term Risk: insurance principles Average of 10 to 15 K€ The contractor has subscribed the Short Term Risk insurance The annual fee for a Dogger doublet is between 10 to 15 K€

Creation of the fund in 1980 by ADEME and public authorities. The fund is managed by a private company owned by the Caisse des dépôts et Consignations.

Management of the Fund

The recapitulative result of the fund after 34 years Income - Subsidies ADEME and Miniostry of Industry: 17,5 M€ - Amounts paid by consumers: 14,2 M€ - Financial products: 8,5 M€ Expenses - Amounts paid to contractors: 21 M€ - Provisions: 0,5 M€ - Management and expertise: 6,5 M€

Thanks for your attention