TRANSFORM PALM WASTE TO RENEWABLE

ENERGY

HEAL
OUR
COMMON
HOME
MAKING MALAYSIA A GLOBAL CHAMPION

oli v eenergy.c om.m y

 TABLE OF
contents
1 Heal Our Common Home

3 Vision

4 Mission

Market Potential
6
Mukah Power Plant
7
Project Company
8
Founder /CEO
9
Location
11
Land Sublese Agreement
12
Biomass Supply Agreement
13
REPPA Agreement
14
CFB Technology
16
Sarawak Energy
18
Rinwood Pelita Plantation
19
Sumitomo Heavy Industries
20
Titan Energy
23
Licence to generate Electricity
24
Financial Feasibility
25
7 Eleven Biomass Power Plant
29
VISION
 MISSION
CHAMPION
GLOBAL Transforming 40

million tons of Palm

Waste produced

annually into

2000MW of Rural

Electricity

10 million tons of carbon

footprint annually
www.oliveenergy.com.my
 2020

40 MILLION
40 MILLION TONS

TONS PALM WASTE

OF

P E films
R A &N NUM
actors
PALM WASTE
 MARKET
POTENTIAL
RM5.6 BILLION

CONVERT PALM WASTE TO

RENEWABLE ENERGY WORTH ELECTRICITY
2000 MW of rural electricity
RM5.6 BILLION INDUSTRY
10 MILLION TONS OF
CARBON FOOTPRINT
SLUDE OIL
OPPORTUNITY 1 million ton of sludge oil
MALAYSIA PRODUCES 40
Transformed into multiple MILLION TONS OF PALM
streams of income i.e. WASTE ANNUALLY. THIS IS 1O
electricity, biogas, sludge oil
& ashes for fertilizer
MILLION TONS OF CARBON ASHES
FOOTPRINT.
1.4 million tons of
ashes for fertiliser

5.4REVENUE
BILLION

1st Floor 43 Lorong 1 Jalan Tun Abang Haji Openg, 96000 SIBU
 12,1 MW

Mukah
Power Plant
12.1 MW BIOMASS POWER PLANT
Project
Company
Name : Olive Energy Sdn Bhd
(Company No. 436818-T)

Address:
1st Floor No. 43 Lorong 1,
Jalan Tun Abang Haji Openg, 96000
Sibu, Sarawak, Malaysia

Name of Shareholders %
Padang Trust Singapore Pte Ltd 49
Chiew Chee Choon 21
Wong Tiong Sing 15
James Lau 15
SYLVESTER
WONG
FOUNDER/CEO OLIVE ENERGY

PERSONAL PROFILE
Trained professional with a degree in
Mechanical Engineering from Monash University,
Melbourne

AREAS OF FOCUS

More than 24 years experience in the

Biomass Boiler & Power Plant industry in
Malaysia

CEO OF TITAN ENERGY

CEO of Titan Energy, an EPC company that

has successfully designed and built Biomass
Renewable Energy power plants for
corporate such as BERNAS, SAMLING Power,
KOKO, SAWIT (Indonesia), ERS BIO
(Singapore)

REFERENCES:

Currently building a 10MW Rice Husk Fired

Power Plant for MAJUNAKA ECO ENERGY in
Naka, Alor Setar, Kedah, Malaysia
 JAMES LAU
CO-
FOUNDER/
DIRECTOR

CAREER:

Started his career with the Lion Group, Malaysia

EDUCATION as a Business Analyst with key focus in Financial
and Management Audit of
Holds a Degree in Accounting from Lion Group of companies.
Deakin University, AREAS OF FOCUS
Postgraduate in Finance from
University of Melbourne,
MBA from Cardiff Metropolitan University, UK. In Sitt Tatt Berhad as Business Analysis & Development
Manager in charge of building the first Super Flat Floor
Distribution Centre in Malaysia. Thereafter, the building of
the State of Art Distripark in Bukit Raja Malaysia.

Operation Manager for TOPs Distribution Centre responsible for logistic operation
throughout Tops Retail Outlets in Malaysia

· CEO/President of United College Sarawak and

President of AEC Educational Group

Since 2002, Founder & Managing Director of Nobel Group responsible for
leadership & executive development for Conglomerate & Multi-national company.
LOCATION
 LAND
SUBLEASE
AGREEMENT.

1)Date: 4th March 2014

2)Duration: 23 years
3)Address: Jalan Mukah-Balingian,
Sungai Penian, 96400 Mukah, Sarawak
4) Land Size: 5.93 acres
5) Land Type: Leasehold
6) Sublessor: Rinwood Pelita Plantation
BIOMASS SUPPLY
AGREEMENT
20 YEARS WITH

RINWOOD PELITA PLANTATION

EXCLUSIVE AGREEMENT

FUEL - EFB (EMPTY FRUIT BUNCH) &

MF (MESOCARP FIBRE) - FIXED PRICE

PKS (PALM KERNEL SHELL) – MARKET PRICE

RENEWABLE ENERGY
POWER PURCHASE
REPPA AGREEMENT
REPPA
SALIENT POINTS

20 YEARS FROM COD

(WITH POSSIBLE

EXTENSION OF

ANOTHER 10 YEARS)

NOMINATED CAPCITY

10MW

BIOGAS +1MW

FEED IN TARIFF

RM 210 / MWH

Offtaker: Syarikat Sesco

Berhad (“SESCO”)
CIRCULATING FLUIDIZED BED

ITEM DESCRIPTION YGOLONHCET

BOILER BRAND SHI FW (SUMITOMO HEAVY INDUSTRIES FOSTER WHEELER)

BOILER TYPE CIRCULATING FLUIDIZED BED (“CFB”) BOILER

CONFIGURATION 2 X 25TON/HOUR CFB BOILER WITH 12.1MW STEAM TURBINE

GENERATOR ELECTRICAL POWER OUTPUT 12.1MW (GROSS), 10MW (NET)

AVAILABILITY FACTOR (%) 7,884 HOURS (BASELINE DESIGN)

POWER FACTOR 80%

BOILER EFFICIENCY (NET) AT 100% MCR 86.8%

PLANT GROSS HEAT RATE 3,160 KCAL/KWH

ECONOMIC LIFE 30 YEARS

BOILER TECHNOLOGY
CFB BOILER
ADVANTAGE

FLEXIBILITY OF FUEL
1
Flexibility to burn virtually any fuel of any
grade cleanly and efficiently, and can burn
multiple fuels in the same boiler, due to the
relatively low combustion temperatures and
the residual heat of the bed material.

LOW NOX EMISSIONS

2

LOW SULFUR HIGH TURNDOWN

3
EMISSIONS 6

HIGH COMBUSTION HIGH RELIABILITY

4
EFFICIENCY DUE TO A 7

CONTINUOUS
CIRCULATION OF
SOLIDS

ELIMINATION OF EASE OF MAINTENANCE

5
SLAGGING 8
AND OPERATION
THE INSTALLED CAPACITY
UNDER SARAWAK ENERGY
TOTALS UP TO 5,300 MW
ACROSS SARAWAK.

NEWS AND FEATURE STORIES INSIDE:

Why you should volunteer - 3

POWER PURCHASER
SARAWAK ENERGY

SESCO is a wholly-owned subsidiary of Sarawak Energy

Berhad (“SEB”). SEB holds the license for transmission and
distribution of electricity within the state of Sarawak. SEB is
100% owned by the state government of Sarawak. SEB
through its wholly-owned subsidiaries has an installed
capacity in excess of 5,300 MW.
 BIOMASS SUPPLIER
RINWOOD PELITA

RINWOOD PELITA PLANTATION

MANAGES 60,000 ACRES & 120 TON
PER HR PALM OIL MILL

Rinwood Pelita (Mukah) Plantation Sdn Bhd is a private limited company

incorporated on 15 October 1994 under the Malaysian Companies Act 1965 as then
Rinwood Sago Plantation Sdn Bhd until it changed its current name in 2004.

RINWOOD is the registered and beneficial owner of the palm oil mill that will
supply all Biomass Fuel required by the Project and simultaneously lease the land
adjacent to the mill to construct and operate the Project. RINWOOD manages
60,000 acres of oil palm plantations and operates 120 ton per hour palm oil mill
located in Mukah, Sarawak, and has carried out the planting of oil palms since
1999. Sarawak’s largest privately-owned and managed Kingwood hotel chain
belongs to the owner of RINWOOD.
 TECHNOLOGY PROVIDER

SUMITOMO HEAVY
INDUSTRIES
GLOBAL LEADER

Leading Edge in Small Size CFB BOILER TECHNOLOGY

 P RO V E N TR ACK REC ORDS
Gl o b al C h am p i o n in sm a ll C FB B OIL ER S
 LI C E N S E TO G ENERAT E
E LE CTR ICI T Y GRAN T ED B Y
GO V E R N ME N T O F SARAWAK
TO
O L I V E E NR G Y S D B B H D
 OLIVE ENERGY MUKAH BIOMASS POWER PLANT.

FINANCIAL
FEASIBILITY
PROJECT COST
RM 138.5 MILLION

The total investment cost of

Olive Energy BPP Project is

RM 138.5million.

EPC RM127 million

DEVELOPMENT RM5 million

IDC Cost RM6.5 million

The Project Rate of Return

(IRR) is 11.34 % and the

Payback period is about

10 years.

Refer to Feasibility Study

 OLIVE ENERGY MUKAH BIOMASS POWER PLANT

The Olive Energy BPP derives its

revenue from three (3) sources.
REVENUE They are Electrical Generation,
Oil Recovery and Fly Ash
Sales. The Revenue per annum
is RM 26.98 million.

▪ Electricity Generation The main ▪ Oil Recovery of RM 7.38 million or 27.3

% of its total revenue per annum is
source of revenue is electricity
computed based on 4,917 tons derived
generation which accounts for RM
from processing & treatment of wet EFB.
18.21million per annum or 67.5 % of its
The price per ton is based on
annual revenue. This is a stable source
conservative value of RM 1,500 per ton.
of income as its electricity is fully
(75% of Crude Palm Oil price of RM 2,000
taken up by SESCO at a rate of 21
per ton)
Malaysian cents per kilowatt for the
11MW net electricity generation plant
for a fixed tenure of 20 years (10MW
▪ Fly Ash Sales of RM 1.39 million or 5.1
% of its total revenue per annum is
from biomass and 1MW from biogas).
computed based on 6,938 tons derived
This computation is based on
from fly ash amount discharged. The
conservative assumption of the power
price of RM 200 per ton is based on the
generation plant running at 7,884
offer letter from a cement plant. Fly ash
hours per annum or 90% availability.
also can be sold as fertilizer to adjacent
palm oil plantations.
 OLIVE ENERGY SDN BHD

REVENUE EBITDA
27M 17.8M
The Olive Energy BPP derives its OPEX Caost is 9.2The EBITA is
revenue from three (3) sources. estimated at RM 357.06 million
They are Electrical Generation, for total operation period or the
Oil Recovery and Fly Ash EBITDA margin (20 years
Sales. The Revenue per annum is average) is 66.18%. For this
RM 26.98 million. project, there will be no tax for
its first 10 year of operation

IRR PAYBACK
11.34% PERIOD
The Project IRR is 11.34 % and
payback period is about 10
years after COD.The Equity
10 YR
IRR is 16.98 %.

.
7 ELEVEN
BIOMASS
POWER PLANTS

Opportunity to realize Eleven 11 biomass power

plants in 7 years, located 6 in Sarawak, 3 in
Peninsula Malaysia and 2 in Riau, Indonesia
with Capacity to generate 145 MW per Hour.
 STRONG & STABLE CASH
FLOW
CAPACITY OF REVENUE
145 MW RM 370
Whe n t arg et r ea liz ed, i t has g ro ss capacit y
MILLION
t o generate electr ic ity of 145 MW/hr with
a n n ua l gross r ev enue of RM370 million per
a n n um, gener ating EBIT DA of RM240 million
p er a nnum. The b us iness can pr ovide s tr on g &
s tab l e cash fl ow o f RM23 0 million from 7th year 17% IRR
o n ward s. Th e pr oject will produce Equity IRR
r es pect able Pr ojec t IRR o f 11.7% & E quity IRR
o f 17%

50

40

30

20

10

0
Investment Stock Client Product Sales