EX-4.10 3 d175739dex410.htm EX-4.10 EX-4.10

Exhibit 4.10

Addendum, effective February 1, 2016, to Power Supply Agreement dated June 3, 2010

(ELECTRICITY SUPPLY CONTRACT AT FREE MARKET PRICES BETWEEN

ELECTROPERÚ AND CEMENTOS PACASMAYO)

Term: Through December 31, 2025

Maximum contracted power:

 

Delivery point

  

MAXIMUM POWER (MW)

  

2011

  

2012

  

2013

  

2014

  

2015

  

2016

  

2017

  

2018

  

2019

  

2020

  

2021

  

2022

  

2023

  

2024

  

2025

     

Jan. 1
to
Jun. 30

  

Jul. 1
to
Dec. 31

        

Jan. 1
to
Dec. 14
(STAGE I)

  

15-31

Dec.
(STAGE I)

                             

GUADALUPE SUBSTATION 80 KV

- Peak hours

   16.0    16.0    33.0    42.0    37.5    40.0    28.0    28.0    34.0    28.0    36.5    49.5    49.5    49.5    49.5    49.5    49.5

- Off-peak hours

   24.0    24.0    40.0    50.0    50.0    40.8    31.0    30.0    30.0    40.0    43.0    44.0    44.0    44.0    44.0    44.0    44.0

PIURA OESTE SUBSTATION 220 KV

- Peak hours

                  4.0    16.0    16.0    16.0    16.0    16.0    16.0    16.0    16.0    16.0    16.0    16.0

- Off-peak hours

                  14.2    24.0    22.0    22.0    22.0    22.0    22.0    22.0    22.0    22.0    22.0    22.0

TOTAL

- Peak hours

   16.0    16.0    33.0    42.0    37.5    44.0    44.0    44.0    50.0    44.0    52.5    65.5    65.5    65.5    65.5    65.5    65.5

- Off-peak hours

   24.0    24.0    40.0    50.0    50.0    55.0    55.0    52.0    52.0    62.0    65.0    66.0    66.0    66.0    66.0    66.0    66.0

Additionally, a 5% tolerance on the maximum contracted power is allowed.

Minimum power (purchase obligation): Equivalent to 30% of maximum contracted power:

 

Delivery point

  

MAXIMUM POWER (MW)

  

2011

  

2012

  

2013

  

2014

  

2015

  

2016

  

2017

  

2018

  

2019

  

2020

  

2021

  

2022

  

2023

  

2024

  

2025

     

Jan. 1
to
Jun. 30

  

Jul. 1
to
Dec. 31

        

Jan. 1

to

Dec. 14
(STAGE I)

  

15-31

Dec.
(STAGE I)

                             

GUADALUPE SUBSTATION 60 KV

- Peak hours

   4.8    4.8    9.9    12.6    11.3    12.0    8.4    8.4    10.2    8.4    11.0    14.9    14.9    14.9    14.9    14.9    14.9

- Off-peak hours

                                                  
PIURA OESTE SUBSTATION 220 KV

- Peak hours

                  1.2    4.8    4.8    4.8    4.8    4.8    4.8    4.8    4.8    4.8    4.8    4.8

- Off-peak hours

                                                  

TOTAL

- Peak hours

   4.8    4.8    9.9    12.6    11.3    13.2    13.2    13.2    15.0    13.2    15.8    19.7    19.7    19.7    19.7    19.7    19.7

- Off-peak hours

                                                  

Exclusivity: Exclusive electricity supply (up to the maximum power supply contractually agreed).


Pricing:

From February 1, 2016 to December 31, 2020:

 

     Active energy
US$/MWh
     Power
US$/kW-month
 

Delivery point

   Peak hours      Off-peak
hours
     Peak hours  

Delivery point: 60 kV busbar in the Guadalupe Substation

        

• Generation prices on the Reference Generation Busbar (RGB): 60 kV Busbar in the Guadalupe Substation

     38,93         35,76         5,96   

• Generation prices on the delivery point

     38,93         35,76         5,96   

Delivery point: 220 kV busbar in the Piura Oeste Substation

        

• Generation prices on the RGB: 220 kV busbar in the Piura Oeste Substation

     39,67         36,45         6,00   

• Generation prices on the delivery point

     39,67         36,45         6,00   

From January 2021 to December 31, 2025:

 

     Active energy
US$/MWh
     Power
US$/kW-month
 

Delivery point

   Peak hours      Off-peak
hours
     Peak hours  

Delivery point: 60 kV busbar in the Guadalupe Substation

        

• Generation prices on the Reference Generation Busbar (RGB): 60 kV Busbar in the Guadalupe Substation

     42,73         39,25         5,96   

• Generation prices on the delivery point

     42,73         39,25         5,96   

Delivery point: 220 kV busbar in the Piura Oeste Substation

        

• Generation prices on the RGB: 220 kV busbar in the Piura Oeste Substation

     43,55         40,00         6,00   

• Generation prices on the delivery point

     43,55         40,00         6,00   

Transmission prices will also be added (fee for connection toll to the Main Transmission System and the toll corresponding to the Secondary Transmission Systems and Complementary Transmission Systems assigned to Demand Areas no. 3 and 15).

Generation prices will be adjusted each month according to a formula (for power: Based on the US Producer Price Index; and for energy: Based on the US Producer Price Index, Natural Gas Price, Reference Import Price for Bituminous Coal and Net Price on Residual Oil no. 6).


Tariff periods:

For power:

 

    Peak hours: from 18:00 to 21:00 hours, Monday through Saturday, except for nonworking holidays nationwide.

 

    Off-peak hours: from 00:00 to 18:00 hours and from 21:00 to 24:00 hours, Monday through Saturday, except for nonworking holidays nationwide; and from 00:00 to 24:00 hours, Sundays and nonworking holidays nationwide.

For energy:

 

    Peak hours: from 18:00 to 23:00 hours, Monday through Saturday, except for nonworking holidays nationwide.

 

    Off-peak hours: from 23:00 to 18:00 hours, Monday through Saturday, except for nonworking holidays nationwide; and from 00:00 to 24:00 hours, Sundays and nonworking holidays nationwide.

Penalty on power excess: 25% of the price.

Delivery point: 60 kV busbar in the Guadalupe Substation and 220 kV busbar in the Piura Oeste Substation.

Termination without cause: Either party may terminate the contract without cause, with a prior notice of 90 calendar days and a payment equivalent to 18 times the average monthly total billing of the last 12 months billed for the supply.