Subject: Fwd: high level spec for Angola....
From: "Rob Walker" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Thu, 3 Dec 2015 17:45:16 -0600

Very, very....very interesting.  In euros.
---------- Forwarded message ----------
From: "james gilliar" <[email-masked]>
Date: Dec 3, 2015 1:03 PM
Subject: Fwd: high level spec for Angola....
To: "Rob Walker" <[email-masked]>
Cc:

Sent from my iPhone

Begin forwarded message:

*From:* michael richards <[email-masked]>
*Date:* 26. listopadu 2015 13:45:46 SEČ
*To:* James Gilliar <[email-masked]>
*Subject:* *high level spec for Angola....*

James,

at a high level we would need the following:

An integrated wood biomass power plant, saw mill and timber processing
facility, including kiln drying, wood veneer and plywood construction,
charcoal production, wood chipping and pelleting, refrigeration and other
ancillary materials handling facilities, designed to maximise the total
economic value that can be produced through the sales of sawn timber,
veneer and plywood, electricity, wood biomass, charcoal, heating or cooling
or other products, from an input feedstock of circa one million cubic
metres of round log eucalyptus and associated plantation waste, comprising:

- a combined heat and power wood biomass system, producing c.50 MW of
electricity, using as Eucalyptus saligna as a feedstock, including waste
storage and handling facilities as required
- all necessary connectivity to the grid or industrial customers
- a rail head and connection to the existing Lobito rail system, with
marshalling area and equipment to handle c.one million cubic metres per
annum of incoming round-log, together with a further c.300,000m3 of
plantation waste wood biomass, either in raw form or chipped as appropriate
- a saw mill facility to handle the input round-log and produce sawn timber
either for export from Lobito port, or sale domestically;
- a wood veneer and plywood construction facility capable of processing an
estimated 20% of the input round-log
- wood chipping facility to process sawmill and plantation waste into
feedstock for the power station, or export/sale as wood biomass, including
all necessary storage and materials handling equipment and facilities
- charcoal production facility for processing a proportion of the
plantation and sawmill waste streams
- kiln drying facility to dry both the sawn timber and wood chips, using
the heat from the power plant
- third party refrigeration facility using heat from the power station to
provide cooling; together with any other proposed solution to make viable
economic use of remaining available heat in industrial processing
- all necessary storage and materials handing equipment associated with the
above, providing for sale and transportation by a mixture of containers,
bulk loads, lorries and rail wagons for export via Lobito port or sale to
domestic customers.
- ancillary office space as required

The facility would be designed to allow for expansion to handle up to a
total of 3 million m3 of input round-log and plantation waste per annum.

At the initial concept design phase, a high level modular financial and
operating model should be developed to allow the modelling and optimisation
of each of the potential product streams, so as to develop the ideal
overall operating model for the facility, using existing and forecast
Angola cost information and domestic and export product price data. Based
on this, decisions would be taken in the first instance for example as to:

- whether or not a power plant is viable given the likely long term pricing
of electricity in Angola and the likely terms and conditions of a power
purchase agreement, and the maximum size that could be justified given the
existing and forecast power demand in the Lobito region
- whether or not the transportation and processing of plantation waste is a
necessary or viable option, given the likely balance of sawmill waste
against power station feedstock demand, and the commerciality of producing
and exporting timber biomass per se;
- the commerciality of producing charcoal versus wood chip or pellets for
domestic or export sales;
- whether or not the charcoal, wood chip and sawmill/veneer facilities
would be better placed at the plantation, and segregated from the power
station facility - thereby transporting only wood chip to the power
station, and sawn timber, plywood and veneer as end products to the power
station and for export;
- whether or not it would be commercially viable to look for end uses of
the available heat, other than for kiln drying the timber and power station
feedstock.

The feedstock from the above would come from the existing MAS Forestry
eucalyptus plantations within the region, which would be harvested and
replanted on an ongoing sustainable basis

We would wish to understand which of the above facilities could be provided
by the Korean partners, and the basis on which they would wish to
participate, for example as third party contractors and financiers, or as
venture partners within the above enterprise.  All options are currently
open as to how this facility could be crated and financed, for example from
the entire facility could being created as a stand alone business, and
either purchase its timber feedstock from the plantation on a long term
supply agreement or acquire full or partial ownership of the plantation
itself; to the entire facility being wholly owned and operated by the
existing plantation company

On the basis of the initial decisions made from this financial and
operating model, an overall concept design would be put together on the
basis of which discussions would be held with the Angolan Government,  a
refined model developed, and decisions made as to the role that the Korean
partners would wish to take within this development.  We would then put
together the project team, financing etc and take it forward.

Between you and me James, I currently have no direct stake in the MAS
Forestry business, and Sarah owns about 7%.  The rest is split between
about 12 partners in the venture.  At the moment, before they get into any
significant production, I think we could purchase the majority ownership in
the venture for a few tens of millions of dollars.  If we could therefore
do a deal with the Koreans where they back us in effect to do a management
takeover of the company, and ourselves become the majority shareholders,
that would be spectacular. Lets say we bout the others out for $50 million,
and I think they would all happily go for a figure between $50 and 100
million, we could probably get the Koreans to come in at a price of say
$200m+, thereby financing the deal and leaving us with majority ownership.
Its got to be worth play!  In our existing 13,000 hectares we currently
have c.6 million m3 say of round-log., which we should be able to sell for
a profit of $100 a cube, but the guys are currently concluding negotiations
to acquire all the existing plantation land from the government - which
they hope to have concluded by February - taking the holding up to
c.150,000ha of existing plantation forestry, with over 50 million cubes of
round log…which should give a profit stream of around $5 billion.  Lets do
a deal and grab it!All the existing shareholders, including Robert, would
be happy to leave for a bit of cash, and none of them have significant
other assets aside from this.. I’m sure they would sell for a very
reasonable price.

Hope that gives you what you need for the initial discussions James,

thoughts invited!

Mike

On 25 Nov 2015, at 07:22, James Gilliar <[email-masked]> wrote:

Mike

cam u spec up what bio mass plant we should want in essence, lets see if
the Koreans could supply with Kexim, we could spa it and sell it ready to
go /

J

Begin forwarded message:

*From: *"공익표" <[email-masked]>
*Date: *25 November 2015 at 03:35:15 CET
*To: [email-masked]
*Cc: [email-masked]
*Subject: **Fw: Fw: letter from James*

Dear Mr. James Gilliar,

My name is Ickpyo as a technical consultant of KOTRA HQ from Korea.
First of all, thank you very much for providing us your valuable project
information.

I will distribute your project to Korean EPIC contractors who has a
capability and full experiences. Before I convey it to them, let ask you a
few questions.

How will you select EPIC contractors? Is it negotiation base or
international open Bid?

As you discribed in you letter, EPIC contractor should conduct conceptual
design works befor start EPIC works (Engineering, Procurement, Installation
and Construction). It means you will saperate the contract or includes all
works in one contractor?

Are you going to take a full responsibility for project financing while
EPIC contractor will be fully responsible for technical side?

And partial investment is mendatory for Korean contractor?

Finally, could you please provide us more detailed informations such as
feasibility studies report etc.

Your prompt reply will be very much appreciated.

Sincerely yours,

Ickpyo Kong

*Kong, Ick Pyo* Consultant

Overseas Project Business Office

KOTRA (Korea Trade-Investment Promotion Agency)

13, Heolleungno,Seocho-gu,Seoul,137-749,Republic of Korea

TEL +82-2-3460-7489 | FAX +82-2-3460-7926 | MOB +82-10-8385-6519

EMAIL [email-masked] | http://www.kotra.or.kr

-----원본메시지-----
From: 이관석(프라하무역관)
To: 공익표(해외프로젝트사업단)
Cc: 조선(해외프로젝트사업단)
Date: 2015-11-19 오전 06:14:43
Subject: Fw: letter from James

Dear Mr. Kong,

Would you review the following and attached project information.

This is request from our embassy to look into and suggest a participation-
possible contractor in Korea. In fact,   i'm so busy on preparing the
coming VIP delegation. Therefore, i need your big cooperation on this
project.

Thanks a lot.

From Lee

-----원본메시지-----
From: ([email-masked])
To: "wslee72" [[email-masked]], [[email-masked]]
Date: 2015-11-18 오후 10:14:49
Subject: letter from James

Dear Counsellor Lee, Dear Director Lee,

Upon request of H.E. Mr. Ambassador I herein enclose the letter from
Mr. James Gilliar regarding the Power Africa Project for your
reference.

Kind regards,

Maria
Secretary to Ambassador

Embassy of the Republic of Korea
Slavickova 5
160 00 Praha 6- Bubenec
tel. 234 090 411

<Power_Africa_Project_Brief_Korea_Final.pdf