Gigajoule

Gigajoule

https://bitcointalk.org/index.php?action=profile;u=2420033

Gigajoule Floating Solutions is an electricity generation company. It creates fully operational, gas-based power plants, floating on barges. It uses proven technologies together with Internet of Things (IoT) and blockchain technologies to ensure the highest standards of quality and efficiency. This takes a fraction of the time required for traditional land-based plants, yet rivals or surpasses them in efficiency, reliability and cost.

An estimated 2 billion people worldwide do not have access to electrical power, and this figure is increasing. In countries like Nigeria, despite the abundance of natural gas as feedstock, less than half of the population has access to stable electricity supply.

Even where electrical transmission systems do exist, many developing countries rely on costly and inefficient substitute power generation systems. These have negative impact both on the environment and on sovereign finances and budgets as governments often need to apply subsidies to make them affordable.

THE GIGAJOULE SOLUTION

Floating Power Plants (FPPs)

  • Natural gas-based power generation
  • Gas turbines mounted on barges
  • Can be deployed wherever there is access to the sea
  • Positioned in lagoons, rivers or harbours
  • Coupled to natural gas supply and the national transmission system

Natural Gas as Feedstock

  • Cleanest of all carbon-based energy sources
  • Gas associated with oil production (as in Nigeria) or LNG (Liquid Natural Gas)

Siemens SGT-A65 Gas Turbines

  • State-of-the-art turbine technology
  • Aeroderivative engines
  • Modularized with generators and mounted in pairs on barges


APPLICATIONS

Immediate

Gigajoule is ready to implement three projects of 528MW each at various sites in Southern Nigeria, in close proximity to gas supply and electricity evacuation infrastructure.

  • Significant work has been completed at each of these sites to secure power generation licenses, confirmation of gas supply and electricity evacuation transmission studies.
  • Additional work includes preliminary environmental approvals, floating plant and infrastructure design work, economic viability confirmation and the necessary precursor negotiations to secure the Power Purchase Agreement with the Federal Government.

Project funding is achieved by utilizing the following credit enhancements:

  • World Bank Partial Risk Guarantee
  • Siemens full Operating, Maintenance and Performance Warranty
  • Lloyds of London Insurance

This amounts to over 1500MW installed capacity at a project cost of US$1.4bn (net) which is externally financed.

Future

  • In Nigeria alone there is immediate demand for another 10 000MW
  • In the rest of Africa, immediate demand is 20 000MW
  • Globally, excluding Africa, demand is estimated at another 30 000MW

Potential

  • Desalination plants for fresh water supply
  • Mini-refineries to produce diesel and petroleum products from traditionally uneconomic oil fields

ADVANTAGES


MOBILITY

Easily transported by sea and river to locations in need of electrical power


SUSTAINABILITY

Powered by resource abundant natural gas or Liquid Natural Gas if needed


RELIABILITY

Aircraft engine technology, developed under highest standards for reliability and efficiency


ECO-FRIENDLY

Natural gas is the cleanest carbon based fuel.


LONGEVITY

20 year performance guarantee with over 95% availability provided by Siemens


EFFICIENCY

Can be supplied in both open or closed cycle to maximize operating efficiency


THE GIGAJOULE TOKEN

An initial exchange offering (IEO) will be conducted to finance the implementation of the Gigajoule project. A digital token named the Gigajoule (GIGJ) will be issued.

In contrast with most ICOs and IEOs, the GIGJ token will not be a simple utility token, exchangeable for goods or services to be produced in the future. Rather, the GIGJ token is structured as a security: token holders will benefit from the success of the project.

GIGJ token holders will be entitled to receive an annual dividend of 15% of the profits generated by the Gigajoule project, in proportion to their number of tokens.

  1. Name: Gigajoule token
  2. Symbol: GIGJ
  3. Tech standard: ERC-20
  4. Total supply: 65,625,000
  5. IEO sale: 52,500,000
  6. Standard price: USD 1.00
  7. Hard-cap: 50,000,000
  8. Soft-cap: 10,000,000

The initial coin offering shall be divided into two general stages:

a private presale and an IEO public sale. Discount incentives shall be applicable according to the following table:

  1. Private Pre-sale: 30%
  2. IEO Round 1 (5 days): 12%
  3. IEO Round 2 (5 days): 10%
  4. IEO Round 3 (5 days): 5%
  5. IEO Round 4 (5 days): 0%

Token distribution

  1. IEO token sale: 10%
  2. Gigajoule team: 10%
  3. Advisors & partners: 80%

Use of funds

  1. Setup costs: 40%
  2. Shipyard staff: 5%
  3. Production staff: 5%
  4. Projects development: 25%
  5. Barges construc: 25%

Roadmap

APPLICATION

  • SEP 2019
  • NOVEMBER 2019
  • March 2020
  • SEP 2020
  • NOVEMBER 2020
  • MAR 2021
  1. Establishment and arrangement of a holding company based in Malta
  2. Pre-sale of Personal IEO

CONSTRUCTION

  • April 2021
  • July 2021
  • AUGUST 2022
  • NOVEMBER 2022
  1. Carry out the procedures for disbursement of construction, administration and control.

OPERATION

  • JAN 2023
  • DEC 2042
  1. Electric power supply begins and continues for the next 20 years, based on the Power Purchase Agreement with the Nigerian government.

Team

  1. David Gardner
  2. Founder & Senior Engineer
  3. Chris Potter
  4. Founder & Maritime Engineer
  5. Warren Schwartz
  6. Founder & Software Engineer
  7. Russel Schwartz
  8. Founder

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