STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
12
SUSTAINING GROWTH, SECURING PROSPERITY
•
Beachfield Valve Station (BVS) to CIP
Interconnect Pipeline
– This project was
merged with the Beachfield Condensate
Tanks projects.
•
BG to Domestic Interconnect to Beachfield
– This project is being undertaken to mitigate
take-or-pay liability with respect to gas
contractually available to NGC from BG. It will
allow NGC the flexibility to transfer up to 150
mmscfd of gas to its domestic transmission
network, from the NGC owned BG operated
Dolphin Gas On-shore Gas Receiving Facility.
The estimated cost for this project was $20.1
million and it is scheduled to be completed by
September 2013. Expenditure for the period
October 2012 to March 2013 was $3.1 million
and projected expenditure for the remainder
of fiscal 2013 is $16.0 million.
•
Corporate Complex
– NGC initiated
measures to construct a new corporate
complex to meet its current and projected
office space requirements. Land was
identified
adjacent
to
NEC’s
offices.
Preliminary
engineering
works
have
commenced, with construction scheduled
for 2014. The estimated cost of the project is
$650.0 million. The projected expenditure for
the balance of fiscal 2013 is $20.0 million and
$384.6 million is projected for fiscal 2014.
•
Other Potential LIC Sector Customers
–
NGC recognised that there are a number of
light industry consumers that are potential
natural gas customers. Accordingly, the
company has projected $13.8 million towards
this project. Expenditure for the period
October 2012 toMarch 2013 was $0.3million.
The projected expenditure for the remainder
of fiscal 2013 is $7.0 million and $3.8 million
for fiscal 2014.
NATIONAL ENERGY CORPORATION OF TRINIDAD AND TOBAGO LIMITED
(NEC)
National Energy Corporation of Trinidad and
Tobago Limited (NEC) is a wholly owned
subsidiary of NGC. The company is responsible
for developing and managing the marine
assets at Point Lisas and managing the La Brea
Industrial Estates. The company providesmarine
and infrastructure facilities for new and existing
investors. NEC is assisting NGC in attracting new
investors to Trinidad and Tobago. Accordingly,
the company is involved in the transformation
of the Union Estate at La Brea into a world-class
industrial parkland for the location of large-scale
energy plants and the promotion of associated
downstream industries.
NEC expended $12.5 million for the period
October 2012 to March 2013 on projects. The
projected expenditure for the period April to
September 2013 is $31.8 million to continue
planned projects. As part of its on-going
programme to improve efficiency and customer
satisfaction as well as attracting new investors,
the company has projected $259.6 million for
fiscal 2014. Details of projects on-going and
projected are as follows:
• Berth II – LABIDCO
– This project entails the
reconstruction of 300 metres of quay at an
estimated cost of $153.0 million. The design
phase is estimated to cost $2.5 million and
is expected to be completed by December
2013. This phase is 47% complete at a cost of
$1.3 million.
Construction is expected to commence in
January 2014. The project is expected to
be completed in eighteen (18) months at a
ECONOMIC INFRASTRUCTURE
