Wednesday, October 8, 2008

How many households could HSF power?

Saw the following comparison and it looked interesting:

"The MTU diesel engines (8000 series) used on the HSF and LCS-2 are the most powerful special purpose marine diesel engines on the market, equaled only by the MAN 20V 28/33D diesel engines, used in Incat HSV's. Both engine types put out per engine about 9,000 kW per hour at maximum output, or 9 MW per hour. These engines are meant to run continuously for a few hours, but for as much as a little more than a day, at a time. This compares to stationary powerplant diesel engines, made by the same companies that put out much lower kW per hour, burn less fuel per hour, but can operate continuously for longer periods of time.

HSF actually operates at speeds of about 60 to 70% of maximum engine output. So, 60% times 9 MW per hour is 5.4 MW per hour per engine, time 4 engines is 21.6 MW per hour. One megawatt hour (MWh) powers average energy use of 750 to 800 households per hour. So, when HSF is in transit, HSF's 4 diesel engines put out enough energy equal to what it would take on average to power at least 16,500 households during that time, equal to 76% of Kauai's households; that's how much energy this vessel uses."

Pretty interesting quote.

One other thing of interest. The Dutch bank ABN Amro use to be the bondholder of HSF's bond financing, guaranteed by MARAD. ABN Amro has not escaped the dramatic changes in the European banking system. Here is some history on ABN Amro just in the past year:

"ABN AMRO was acquired by the consortium of Fortis, RBS and Santander in October 2007. On 3 October 2008, the Dutch state
announced that it has bought Fortis's remaining interests in ABN AMRO, replacing Fortis as a stakeholder in RFS Holdings, which continues to manage ABN AMRO. RBS-bound businesses are not affected by this change."

And from:
"EU clears Deutsche Bank purchase of ABN Amro assets from Fortis" Oct. 2, 2008

BRUSSELS (AP) — "The European Commission approved on Wednesday Deutsche Bank's purchase of some ABN Amro assets from rival banking and insurance group Fortis. "The commission concluded that the operation would not significantly impede effective competition," Europe's top antitrust watchdog said in a statement. Fortis said in July it would sell some of ABN Amro's commercial banking activities in the Netherlands to Germany's Deutsche Bank for 709 million euros (996 billion dollars) in cash. Fortis had to sell those assets in order to get EU regulatory approval for the takeover of ABN Amro last year as part of a consortium with Britain's RBS and Santander of Spain. The purchase of those assets has since proved to be a bane for Fortis as questions about the financing for the operation in part forced the group into a liquidity crisis over the weekend. In order to keep it afloat, the Belgian, Dutch and Luxembourg governments hastily arranged a 11.2 billion euro bailout of Fortis on Sunday through its part-nationalisation."

Not clear who holds HSF's bonds anymore,
Aloha, Brad

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