Ridley Island decisionEnerflex Ltd.Enerflex Ltd. 84,969 followers84,969 followers 5d •
More about Ridley
Projected gross Joint Venture capital cost of
$1.35 billion, excluding governmental incentives and support, with annual Partnership EBITDA of
$185 million -
$215 million are in-line with the Partners' expectations.
The capital cost breakdown of Phase 1 includes approximately
$875 million for construction of the facility, balance of the plant and LPG storage tanks and
$475 million for construction of the new dedicated jetty and extensive rail and logistics infrastructure. The infrastructure includes additional redundancies to provide operational flexibility that benefits the Joint Venture and customers over the long term.
-
- The Joint Venture expects to lock-in more than 60 percent of the Phase 1 capital costs through fixed-price, lump-sum engineering, procurement and fabrication contracts prior to construction.