EX-4.5 3 f20f2019ex4-5_cementos.htm ADDENDUM, EFFECTIVE FEBRUARY 1, 2020, TO THE POWER SUPPLY AGREEMENT, DATED JUNE 3, 2010, BETWEEN THE REGISTRANT AND ELECTROPERU S.A. (ENGLISH SUMMARY OF PRINCIPAL TERMS)

EXHIBIT 4.5

 

Addendum, effective January 1, 2020, to Power Supply Agreement dated June 3, 2010

(ELECTRICITY SUPPLY CONTRACT AT FREE MARKET PRICES BETWEEN

ELECTROPERÚ AND CEMENTOS PACASMAYO)

 

Term: Through May 31, 2026

 

Maximum contracted power:

 

   MAXIMUM POWER (MW)   
       2012           2015                                         
                       Jan. 1                                             
       Jan. 1   Jul. 1           to   15-31                                         
       To   to           Dec. 14   Dec.                                         
Delivery point  2011   Jun. 30   Dec. 31   2013   2014   (STAGE I)   (STAGE I)   2016   2017   2018   2019   2020   2021   2022   2023   2024   2025 
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    28.0    28.0    28.0    28.0    28.0    28.0 
- 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    44.0    44.0    44.0    44.0    44.0    44.0 
- 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:

 

   MAXIMUM POWER (MW)
       2012           2015                                         
                       Jan. 1                                             
       Jan. 1   Jul. 1           to   15-31                                         
       To   to           Dec. 14   Dec.                                         
Delivery point  2011   Jun. 30   Dec. 31   2013   2014   (STAGE I)   (STAGE I)   2016   2017   2018   2019   2020   2021   2022   2023   2024   2025 
GUADALUPE SUBSTATION 60 KV                                                   
- Peak hours                                                                    
- Off-peak hours   4.8    4.8    9.9    12.6    11.3    12.0    8.4    8.4    10.2    8.4    11.0    8.4    8.4    8.4    8.4    8.4    8.4 
PIURA OESTE SUBSTATION 220 KV                                                    
- Peak hours                                                                                     
- Off-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 
TOTAL                                                                                     
- Peak hours                                                                                     
- Off-peak hours   4.8    4.8    9.9    12.6    11.3    13.2    13.2    13.2    15.0    13.2    15.8    13.2    13.2    13.2    13.2    13.2    13.2 

 

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

 

 

 

 

Pricing:

 

From February 1, 2016 to December 31, 2020:

 

   Active energy       Power 
   US$/MWh   Off-peak   US$/kW-month 
Delivery point  Peak hours   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 May 31, 2026:              

 

   Active energy       Power 
   US$/MWh   Off-peak   US$/kW-month 
Delivery point  Peak hours   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).

 

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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

 

 

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