Published On: Tue, Aug 21st, 2012

CAH gives a lecture at congress in London

WILLEMSTAD — The organization of the ‘Invest & Manage Airports’ Congress approached Curaçao Airport Holding (CAH) to give a 3-minute lecture on the master plan of the Airport City under development.

“They were so impressed by one of our presentations six months ago that they now offer us the opportunity to explain our plans in the presence of numerous potential investors”, said CAH-director Maurice Adriaens. The conference in London will take place on October 18th and 19th.

CAH-advisor airport development Simon Kloppenburg will give a presentation on October 19th in the presence of CAH-chairman of the board Rudy Sprock.

Denver International Airport (DEN) is also one of the lecturers on October 18th. This airport offering services to over 150 destinations is classified number five in all North America and number ten worldwide as regards activity.

Invest & Manage Airports, organized for the second time, is considered a meeting place for airports, airline companies, airport developers and investors as regards project development and infrastructure. “Of course, it’s an outstanding network platform and we could reach many potential investors with our lecture”, said Adriaens. Subjects that will come up during the conference are: Growth in gloomy times; Future of airport revenues; Airline companies – the next market in aviation; Opportunities and acquisition in the field of management expertise, and Conditions for successful management of contracts.

Eco-park 

The Airport City master plan will also draw attention for the development of the eco-park and the energy plant, and introduction of a Seawater Air-conditioning system (Swac). The German project developer Bricks International withdrew from the project for the time being, according to Adriaens. Bricks and CAH had signed a Memorandum of Understanding in October 2011 to draw up a draft plan for the eco-park at Hato.

“The company withdrew because it had counted on financing from the Deutsche Bank. This bank decided to freeze all foreign investments for the time being. We are now negotiating with two investors, from Europe and from the United States.” These companies were requested to draw up a business plan with a vision on the organization and management of the eco-park. We expect to receive a definite answer late September.

Swac is a system whereby the applied technique is based on the interaction between cold deep seawater (5 degrees Celsius) and the warm surface water of 27 degrees, which is then converted into electricity. It regards 100 percent clean thermal energy, generated without fossil fuels and very suitable for the island surrounded by warm seawater. Heat exchanger cools the cold seawater in the existing air-conditioning system.

“Last year UTS and CAH shared the costs for a sea-floor research to install the system. CAH consults with UTS now that the latter is laying the cables for the datacenter Curaçao Technology Exchange (CTEX) and we don’t want our large pipe overlap the cables of UTS”, said the CAH-director.

‘Profitable’

Sixty million is needed for the basic infrastructure. “Seawater air-conditioning becomes cheaper with more customers. Our studies show that due to the confirmed participation of Curaçao Airport Partners (CAP) and CTEX, 60 percent of the seawater will be taken, thus making the investment profitable. This profitability will increase with more consumers and the price of this cooled water will subsequently become cheaper.”

Just to be sure, based on our business plan the Board of Commissioners requested a ‘second opinion’, through a consultancy firm from the US. Expectations are that this firm will advise the Board of Commissioners in one month. The Board of Commissioners will then take a decision. “After getting the ‘go ahead’ we could start the project in 2014 and the system could be operational late this year.”

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