22 / 07 / 2021

 

PJSC "GTL" announces a competition for attracting financing for the project for the construction of the "GTL-Kazakhstan" plant *

 

Project summary: PJSC "GTL" is working on a project ordered by a large company (hereinafter referred to as the Customer), which owns and (or) has in operational management more than eighty gas fields in the territory of the Republic of Kazakhstan, where it is planned to build factories using the technology of PJSC "GTL" GTL-KAZAKHSTAN LLP. PJSC "GTL" and the Customer will create a joint venture in 50/50 (fifty-fifty) percents shares. The customer will provide it with the required volume of gas at the minimum price allowed by the Government of the Republic of Kazakhstan. LLP "GTL-KAZAKHSTAN" and PJSC "GTL" will jointly build a plant under the Project.

 

Brief description of the project:

Project –construction and commissioning of a low-tonnage plant with a production capacity of 10,000 (ten thousand) tons per year for the processing of associated petroleum gas using the technology of PJSC "GTL". Project area: Republic of Kazakhstan. Details about the location of the gas field and the Customer's data can be disclosed to the bidder after sending the application in accordance with the terms of the 1st stage of the tender. The cost of the Project is 7,500,000 (seven million five hundred thousand) US dollars (hereinafter - the amount of funding).

 

PJSC "GTL" is looking for:

 

1) Either financing in the form of a bank guarantee:

a) Banks which are able to provide a bank guarantee to the company PJSC "GTL" in the amount of 7,500,000 (seven million five hundred thousand) US dollars for a period of 2 (two) years for the implementation of the Project.

 

Bank remuneration: The Bank receives 750,000 (seven hundred fifty thousand) US dollars, that is 10% (ten) of the amount of the Project financing. During the period of the Guarantee, 51% (fifty one) of the share of GTL-KAZAKHSTAN LLP is transferred to the Bank as lien for the duration of the Guarantee. After the expiration of the bank Guarantee and the termination of the bank guarantee agreement, a 10% stake in GTL-KAZAKHSTAN LLP remains with the guarantor as an additional remuneration, and 41% of GTL-KAZAKHSTAN LLP's stake is returned to the ownership of GTL-KAZAKHSTAN LLP.

 

2) Either financing in the form of monetary investments:

 

b) Russian and foreign investors (hereinafter referred to as the Investor) having free funds equivalent to 7,500,000 (seven million five hundred thousand) US dollars and are ready to invest them in the proposed Project.

 

Investor's remuneration: The Investor receives 51% (fifty-one) shares in the authorized capital of GTL-KAZAKHSTAN LLP, which automatically gives a controlling stake of shares. Investor receives profits of GTL-KAZAKHSTAN LLP, in proportion to 51% (fifty one) share in GTL-KAZAKHSTAN LLP respectively, including a share of the profits of the Project for the construction and commissioning of a small-scale plant with a production capacity of 10,000 (ten thousand) tons per year.

 

c) Individuals and legal entities who are able to attract Investors who meets the requirements for an Investor (clause a) in accordance with the competition proposal (hereinafter - the Intermediary).

 

Remuneration of the Intermediary: The Intermediary receives a monetary payment from PJSC "GTL" in the amount of 5 percent of the cost of the Project, that is, 375,000 (three hundred seventy five thousand) US dollars.

 

Stages of the competition:

 

First stage:

Send a statement of interest in participating in the competition to the e-mail address of PJSC "GTL": info@gtl-rus.com. The statement is written in a free form indicating the type of participant, to which the applicant belongs: banks, investors or intermediaries, the signature of the applicant should be added as well.

The Application must be accompanied by documentary evidence of the financial capacity of the Investor, attracted by the Intermediary, for Banks - to attach an offer letter for the issuance of a bank guarantee.

Documents can be attached to e-mail in PDF format.

 

Second stage:

In case of a positive decision participant shall receipt a confirmation letter from PJSC "GTL" with congratulations and instructions for transfer to the final stage of the competition.

 

Final stage:

2.1. For Russian and foreign investors - the signing of an agreement on the alienation of above-mentioned share in the authorized capital of GTL-KAZAKHSTAN LLP, as well as the creation of a joint venture for the construction of a low-tonnage plant with a production capacity of 10,000 (ten thousand) tons per year for processing associated petroleum gas using technology of PJSC "GTL" in the Republic of Kazakhstan.

2.2. For Intermediaries - signing of a civil law agreement on the provision of services, which sets forth the obligation of PJSC "GTL" to pay remuneration in accordance with the terms of the Competition. The remuneration will be paid after receiving the full amount of financing and concluding an agreement on the creation of a joint venture with GTL-KAZAKHSTAN LLP, in accordance with clause 2.1.

2.3. For Banks - execution and signing of all the necessary documents for issuing and providing a bank guarantee, as well as the conclusion and signing of an agreement for a bank guarantee with an indication of the bank's remuneration in the amount of 10 (ten) %  of the Project amount of funding, that is, 750,000 (seven hundred fifty thousand) US dollars.

 

* Not a public offer. Additional questions can be addressed by phone 8495-649-29-05 or by e-mail to the company info@gtl-rus.com.

 

 

President of PJSC “GTL”  Rafis Kadyrov

22.07.2021
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