Fabian Velez | 00:03
My wife mentioned that because she's much more identified directions of, like, broken tree branches or, like, colors of houses are close to sign. This works? Yeah, well, you know what? That's one of the biggest stations up here in Maria. 
So part of the it's not that we are great signs, but after Maria, we lost.
Speaker 2 | 00:25
I'm moving.
Fabian Velez | 00:26
There are no signs. I remember talking how they moved into it's like there's no signs in.
Speaker 3 | 00:27
We're talking if we moved Tora right after, it's like there's no signs in Puerto Rico.
Fabian Velez | 00:32
I'm like, well, you're like, look here again, do them all.
Speaker 3 | 00:32
I'm like, well, I like the beer and the all that's part of the recovery process and we'll get there.
Fabian Velez | 00:34
That's part of the recovery process. You we'll get there eventually.
Speaker 3 | 00:37
You guys late.
Fabian Velez | 00:38
For now, we're going to the back old ways [Laughter] at the broken tree.
Speaker 2 | 00:38
For now. We're gonna to the back [Laughter] at the broken tree [Laughter] bring the compass.
Fabian Velez | 00:43
[Laughter] Yeah, bringing up the compass. Yeah, of course.
Speaker 2 | 00:47
Of course, so I think.
Fabian Velez | 00:48
So I think, okay, yeah, okay, so I have.
Speaker 3 | 00:50
Okay, yeah, okay, so I've seen.
Speaker 2 | 00:57
Make it bigger because we're gonna show this.
Speaker 3 | 01:05
So I see that Mr Santa is pageted on behalf of pea this PA legal council and.
Fabian Velez | 01:06
That Mr Santa is connected on behalf of PEA, his federal legal council, and. Okay. Yeah, he's definitely connected.
Speaker 3 | 01:13
Okay, yeah, it's definitely I that we're missing.
Fabian Velez | 01:16
We're missing. At least from breakfast.
Speaker 3 | 01:18
At least from the BFS we have one one size told me he was going to come on in a minute, so I'll give the mobile make.
Fabian Velez | 01:19
We have one of those sides who told me he was gonna come up in a minute, so I'll give him a call nextss way.
Speaker 4 | 01:35
Elenziao. Carlos Arroya. Viela Fernandez. Goo Tora.
Speaker 3 | 01:54
We'll. We'll start and then. I don't understand anything.
Fabian Velez | 02:02
So let Michael Foster, Noah Harney, Mark Staines, Lee Sherman yet. 
[Laughter].
Speaker 3 | 02:57
Okay. Bye.
Fabian Velez | 02:58
Welcome everyone.
Speaker 3 | 02:58
Welcome everyone.
Fabian Velez | 03:00
Yeah come st is on his way.
Speaker 3 | 03:00
Yeah, I want to come this way, then you leave me and it's everybody I'm prettyen, but we was we don't worry we wait.
Fabian Velez | 03:03
Maybe we can't is everybody else read to or we can tell. We don't worry, we full.
Speaker 3 | 03:24
Okay, there's a beer conference, but there's no AC.
Fabian Velez | 03:24
The conference, so we'd rather bet there we go.
Speaker 2 | 03:28
So being uncomfortable and that makes you very low whenever you're ready.
Fabian Velez | 03:34
Whenever you're ready. Okay, well I'll just start with the introductions on our end and there.
Speaker 3 | 03:35
Okay, well, we'll just start with the introductions on our end and start from there.
Fabian Velez | 03:40
Hello everyone.
Speaker 3 | 03:40
Hello, everyone.
Fabian Velez | 03:41
Thank you so much for coming and participating in this RP process.
Speaker 3 | 03:41
Thank you so much for coming and participating in this re process.
Fabian Velez | 03:45
We are the third BO, the third party agreement office.
Speaker 3 | 03:45
We are the third party to give an office and we are in the office of Admin.
Fabian Velez | 03:48
We are the office that administ Bos from Genera that might have a possible conflict of interest.
Speaker 3 | 03:50
FS from Genera who Mother. 
If I have a possible conflict of interest.
Fabian Velez | 03:55
We were originally assigned this RP specifically assigned by the Puerto Rico Energy Board because they assume that there was going to be a conflict of interest due to the fact that originally this contract was going to be signed by Genera, but then after a few information came that they didn't have the capacity over the contract.
Speaker 3 | 03:55
We were originally assigned as our fee specifically assigned by the Puerto Rico Energy Board because they assume that there was going to be a conflict of interest with the fact that originally this contract was going to be signed by Genera, but then after a few information saying that they didn't have the capacity of the contract.
Fabian Velez | 04:15
So it's spread.
Speaker 3 | 04:15
So it's spread by going to be signing the contract and therefore we're still settling it because some of the suppliers might still be y so we're gonna be finalizing the whole project of the final board and the council have signature.
Fabian Velez | 04:16
Are going to be signing the contract and therefore, if they're still tackling it because some of these suppliers might still be empty. So we're gonna be finalizing the whole project to the end until the final award and the contract signature. 
And this has been definitely an accelerated process.
Speaker 3 | 04:35
This has been definitely an accelerated process.
Fabian Velez | 04:37
And the people who have been with us doing this.
Speaker 3 | 04:38
And the people who have been with us doing this. And there we have a few clear present.
Fabian Velez | 04:41
We have a few here presents. We have Miguea Garcia from our engineering department, whom you might be familiar with he conducted the site visits.
Speaker 3 | 04:43
We have Megan Garcia from our engineering department, whom you might be familiar with. You speak about the site visits we have Mr pay ons Mr DA so most of you are always making contact within.
Fabian Velez | 04:49
We have Mr Fabi Bens whos are DA and I are so most of you are always have been in contact with him. We have on the teams, we have Yolanda Bells, who's from our from Recoms engineering department and from our legal department and the evaluation committee.
Speaker 3 | 04:55
We have on the teams we have as who's from our from ECOMS engineering department and from our legal department and the EVALU committee.
Fabian Velez | 05:06
We have Mister Vime Dias and Mister Edwin Por is on the line.
Speaker 3 | 05:07
We have Mr Deenda Diaz and Mr Edwin. PA is on the line, so they'll be sent it.
Fabian Velez | 05:12
So though we send it and we.
Speaker 3 | 05:14
And we.
Fabian Velez | 05:15
And we again were part of the evaluation committee.
Speaker 3 | 05:15
And again for part of the evaluation committee and the saving.
Fabian Velez | 05:18
And. 
So that's gonna be everyone from the three PDO there's somebody who wants to come in like that's it.
Speaker 3 | 05:38
So that's going to be everyone from the PPO has somebody who wants to come in from on stage visit.
Fabian Velez | 05:45
You're just go admit him or her. 
On behalf of B.
Speaker 3 | 05:48
On behalf of RA. Now we have Mr Elsa Spain who stay in house counsel.
Fabian Velez | 05:50
We have Mr Leonelsoning, who the in house counsel. 
And we have Mr Gonzalz, who is an outside counsel.
Speaker 3 | 05:53
And we have mix of oness outside the council.
Fabian Velez | 05:58
Would you like to make introduction of everyone from someone from your team?
Speaker 3 | 05:59
Would you like to see an introduction of everyone who is your.
Fabian Velez | 06:02
Sure, I will.
Speaker 2 | 06:04
I will.
Fabian Velez | 06:04
I think there's a lot of people from our side, so maybe we'll'll summarize.
Speaker 2 | 06:04
I think there's a lot of people from our side and maybe you. I'll summarize, but first, thank you for having us.
Fabian Velez | 06:10
Well, first of all, thank you for having us here.
Speaker 2 | 06:14
Where we know it was a long and hard and difficult processes we participated in the legacy assets that had now processed previously.
Fabian Velez | 06:15
You know, these are long and hard and difficult processes. We participated in the legacy assets, the Genera process preously three, four years ago.
Speaker 2 | 06:26
We point years building a subcontractor to NAS, the supply.
Fabian Velez | 06:27
We were a subcontractor to NS to manage the fuel supply. 
So we're aware of a lot of the energy sector and the power sector of Puerto Rico and we're they're doing and how these processes work.
Speaker 2 | 06:32
So we're aware of a lot of the energy sector of Puerto Rico and we'll be a few on this process for us.
Fabian Velez | 06:40
So it's great to get to this stage.
Speaker 2 | 06:40
So it's great to get to the stage and thank you for considering this from our side.
Fabian Velez | 06:42
And thank you for us for considering us from our side. 
It's a brief introduction.
Speaker 2 | 06:46
It's a brief introduction.
Fabian Velez | 06:48
My name is Spencer Sloane.
Speaker 2 | 06:48
My name is Spencer Sloane, I'm co founder and president of Jap Commodities.
Fabian Velez | 06:50
I'm the co founder and president of Job Global Commodities. We'll have a presentation that I'll be walking through on who we are as well as some of our partners.
Speaker 2 | 06:54
A lot of presentation that' lot people and a lot of other than we are of our partners with me.
Fabian Velez | 07:00
With me, we have our full team from Macao.
Speaker 2 | 07:02
We have our full team from Mac McConnell Valdez, he was our local counsel, Mcguire Woods, who was our AA National Council.
Fabian Velez | 07:07
Valdez, who was our local council. MGUE Woods it was our international council. 
And then we have a broad team of Javelin and other strategic partners who have experience in commercial operations, development, fuel supply, which justics finance and accountability.
Speaker 2 | 07:14
And then we have a broad team of Javelin and other strategic partners who have experience in commercial operations, development, fuel supply, logistics, financing the company.
Fabian Velez | 07:28
So we've very sort of brought to get our friend here.
Speaker 2 | 07:28
So we're very sort of the network here and maybe just.
Fabian Velez | 07:31
I maybe just was that full introduce who's in the room and then people participate as a.
Speaker 2 | 07:32
But all introduces in a room and then people participate over there.
Fabian Velez | 07:38
Okay, so yeah, I'm Morales, I'm a mechanical engineer.
Speaker 2 | 07:39
But what you said. Yeah, I'm Morales, I'm achical engineer.
Fabian Velez | 07:43
I'm a lawyer too.
Speaker 2 | 07:43
I'm an en layer too. 
I'm replacement of paper.
Fabian Velez | 07:46
But I know school very well.
Speaker 2 | 07:47
I know the school very well.
Fabian Velez | 07:49
Because I was plan managerer.
Speaker 2 | 07:49
Because I have. I lost money there.
Fabian Velez | 07:53
And I was, working various positions in Prepa, and I know Prepa very well.
Speaker 2 | 07:53
And I was a working fiarious positions in and I know print very good.
Fabian Velez | 08:05
I'm John Sacks.
Speaker 2 | 08:06
I'm John Sacks.
Fabian Velez | 08:07
I lead North American Power for Javelin, and so I work on all things power, including renewables and thermal power.
Speaker 2 | 08:07
I lead North American power for Javelin and so to work on all things power including renewables and thermal power I guess.
Fabian Velez | 08:16
Okay, I guess this Charles Fernandez McConnell sure.
Speaker 2 | 08:19
Hernandez an McConnell I'm chair the funds that community practice working on a bit of develop projects so I know a post here and not have a boards.
Fabian Velez | 08:22
The firmscoing brackets worked quite a bit on the front project. So I know a few of the BOS here am I'm a partner of the about this I do financing and real estate specifically.
Speaker 2 | 08:33
I'm aerning account det I to financing and real estate. Typically you come up pretty if it's the appro.
Fabian Velez | 08:46
So if it's broken. Places to start and maybe test up presentations.
Speaker 2 | 08:49
PS our I NE pass up presentation, we'll give you an overview job.
Fabian Velez | 08:52
We'll give you an overview of Javelin, and then what we're going to do is works for you.
Speaker 2 | 08:56
And then when we're going to do to watch video, we're going to give a video presentation of some of our partners, their operations and some of those down.
Fabian Velez | 08:59
We're going to give a video presentation of some of our partners, their operations and some of which they've done already. 
And you may just so I don't time myself out.
Speaker 2 | 09:14
And just. So. I don't time myself out.
Fabian Velez | 09:16
How much time do you guy honestly, this is a very critical project.
Speaker 2 | 09:17
How much time do you guys have?
Speaker 3 | 09:19
Well, examplely, we this is a very good boy.
Fabian Velez | 09:24
We would like to have this done as soon as possible, so I'm just I don't have time.
Speaker 3 | 09:24
We would like to have this done as soon as possible, so I'm just I don't have time.
Fabian Velez | 09:30
I just want to see what we can really come what we can really discuss and see if we can come 20 any terms.
Speaker 3 | 09:31
I just want to see what we can really discuss and see if we can. I'm planning terms.
Fabian Velez | 09:38
I'm not.
Speaker 3 | 09:38
I'm not.
Fabian Velez | 09:39
Maybe not today.
Speaker 3 | 09:39
Maybe not today, but just to start the conversation and make sure that maybe by the end of this week or next week we can have something.
Fabian Velez | 09:40
But to start that conversation and make sure that maybe by the end of this week or next week we can have something.
Speaker 2 | 09:49
This week that mean you will be here the whole afternoon and need to and we'll be working with as my time is not need to right now. Time's not an issue for us, so we would rather spend as much time.
Fabian Velez | 09:59
Process. So we would rather spend as much time. You guys, I mean.
Speaker 2 | 10:03
You guys, you mean. 
Yeah, okay.
Fabian Velez | 10:04
Okay. I think for us to really project how much time and effort we put into this in our business plan.
Speaker 2 | 10:04
I think for us to really project how much time and effort we put into this and business plan be the contracting, anything would go through.
Fabian Velez | 10:11
Be the contract and anything that you guys don't go through. 
So there's a lot to say on and I'll work through whatever it says we got.
Speaker 2 | 10:14
I'm sure there's a lot to say on and try to work through whatever we had.
Fabian Velez | 10:20
Okay, so, a high level on Javelin.
Speaker 2 | 10:21
Okay. So a high level on Javelin.
Fabian Velez | 10:27
Javelin is your classic physical commodities trading and investment house.
Speaker 2 | 10:28
Javelin is your classic physical commodities trading and investment health.
Fabian Velez | 10:35
We started in 2015 as a group where largely a spin of the physical commodity trading of private equity business out of Goldman in 2015.
Speaker 2 | 10:36
We started in 2015 as a group. We're largely a spin out of the physical commodities trading and private equity business out of gold in 2015.
Fabian Velez | 10:48
So when we looked at the management, the presentation, for better or worse, it's a long list of Roman guys, and we've really been hard on it for the past ten years.
Speaker 2 | 10:48
So when you go through the MAS in the presentation, for better or for worse, it's along with the colding guys. And we've really been hard at it for the past ten years.
Fabian Velez | 10:59
It's been a really nice run for us.
Speaker 2 | 11:00
It's been a really nice run for us.
Fabian Velez | 11:02
We, you know, originally cut our heat on thermal coal, then moved into metallurgical coal, into iron ore, base metals, oil and GAs from a trading experience.
Speaker 2 | 11:03
We. 
You know, originally cut our teeth on thermal coal. Then we'll get into medal'sible coal, then iron or base metals, oil and GAs. From a trading experience.
Fabian Velez | 11:18
And then over the course of time, we started getting much more involved in investing in fixed assets.
Speaker 2 | 11:18
And then over the course of time, we started getting much more involved in investing in fixed assets.
Fabian Velez | 11:24
And we've developed a very large renewables portfolio, which is more in this business, we've acquired power stations while we're in the process of closing.
Speaker 2 | 11:24
And we've developed a very modest renewables portfolio, which to work related in this business, we've acquired power stations while we're in the process of closing and acquiring two point 6 gigawatt and call our power Clint in the US Genera Cabin in Ohio.
Fabian Velez | 11:33
And acquiring a 2.6 gigawatt coal fired power plant in the US. Called General Gavin in Ohio. It's the largest roal plant in the US.
Speaker 2 | 11:40
So the largest growing plant in the US or hopeing to get approval this week or next week.
Fabian Velez | 11:42
We're hoping to get bur approval this week or next week. It in as in a process six months.
Speaker 2 | 11:47
It's going to process six months.
Fabian Velez | 11:49
So I know sometimes people here complain about being slow.
Speaker 2 | 11:50
So. I know sometimes people here complain about being slow.
Fabian Velez | 11:53
They're not the only ones.
Speaker 2 | 11:54
You're not the only ones.
Fabian Velez | 11:55
So you're a good company.
Speaker 2 | 11:56
So you're a good company.
Fabian Velez | 11:57
We've invested in some mining assets.
Speaker 2 | 11:58
We've invested in some mining assets.
Fabian Velez | 12:01
We have six underground mines in Kentucky where we're the operation of 400 people.
Speaker 2 | 12:01
We have six underground mines in Kentucky where we' running operation four hundred people.
Fabian Velez | 12:07
We have some metals recycling businesses.
Speaker 2 | 12:07
We have some metals recycling businesses.
Fabian Velez | 12:09
We're financing a lot of companies.
Speaker 2 | 12:10
We're financing a lot of companies.
Fabian Velez | 12:11
We probably do billion dollars in financings between coal, oil and GAs metals, et cetera.
Speaker 2 | 12:11
We probably do a billion dollars in financings between coal, oil and GAs, metals, et cetera.
Fabian Velez | 12:19
So really diversify across all we do.
Speaker 2 | 12:19
So really diversified across what we do.
Fabian Velez | 12:23
And maybe the reason why is we are not a fund, we're not a private equity fund, we are corporate.
Speaker 2 | 12:24
And maybe the reason why is we are not a fund. We're not a private equity fund. We are a corporate.
Fabian Velez | 12:31
We are 98 97 5% owned by management.
Speaker 2 | 12:32
We are 9897 . Five %, all by management.
Fabian Velez | 12:36
So it's myself and largely myself and my partner Peter Bobby who's in London.
Speaker 2 | 12:37
So it's myself and Bradley, myself and my partner Peter Bradley and he's in London and I'm not sure it might be a little bit enjoyed.
Fabian Velez | 12:41
I'm not sure that of the day for me joined. We are 2.5% owned by Itochu Corporation in Toochu is a very large industrial conglomerate in Japan, one of the five largest companies.
Speaker 2 | 12:45
We are 2.5% owned by Thetou Corporation. Thetou is a very large industrial conglomerate in Japan of five large companies.
Fabian Velez | 12:57
I think they're about seventy five hundred billion dollar company.
Speaker 2 | 12:57
I think they're about $75 130 company.
Fabian Velez | 13:00
They're really our sort of our number one cheerleader and our market access into Asia.
Speaker 2 | 13:01
They're really our sort of our number one cheerleader. And our market access into Asia.
Fabian Velez | 13:07
And so they've been a wonderful partner and highly supportive of this project.
Speaker 2 | 13:08
And so they've been a wonderful partner. And I'm going to talk about this project.
Fabian Velez | 13:13
As far as sort of global footprint, we are we're global we're 200 people within the sort of core trading business outside of our investment portfolio main office is in the UK, where we have over 120 people.
Speaker 2 | 13:13
As far as sort of global footprints. We are we're global. We're two bunch of people within a for trading business outside of our Destiny portfolio main office in the UK, where we have over one hundred bunch of. To people.
Fabian Velez | 13:29
Then I would say we're opening an office right now in Poland for twenty people.
Speaker 2 | 13:29
Then I would say we're opening up an office right now to for 20 people.
Fabian Velez | 13:34
Large office in Bangalore for middle and back office operations.
Speaker 2 | 13:34
Large office in Bangalore from the middle and back office operations.
Fabian Velez | 13:38
And now the reports of India, our front office, Dubai, Singapore's a large office for us.
Speaker 2 | 13:38
And now we can. Points to the India now front office. Dubai Singapores, a large office for us, recently opened up an office in Shanghai, Melbourne, Dallas, St.
Fabian Velez | 13:45
Recently opened up an office in Shanghai, Melbourne, Dallas, St. Louis, New York.
Speaker 2 | 13:51
Louis, New York.
Fabian Velez | 13:53
So we're really sort of out there.
Speaker 2 | 13:54
So we're really sort of out there.
Fabian Velez | 13:58
We've had a good run.
Speaker 2 | 13:59
We've had a good run.
Fabian Velez | 14:01
Book value.
Speaker 2 | 14:01
Book value.
Fabian Velez | 14:02
So the equity on our balance sheet at the end of 2024 it's about a billion dollars.
Speaker 2 | 14:03
So the equity on our balance sheet at the end of two thousand twenty four is about a billion dollars.
Fabian Velez | 14:09
I would say we a very easy balance sheet to understand because we don't have that many investments.
Speaker 2 | 14:09
I would say we have a very easy balance sheet to understand because we don't have that many investments or just inventory receivables and market on contracts.
Fabian Velez | 14:13
We're just inventory receivables and market to market on our contracts. 
So when you look through our financials, it's very easy to understand as a company.
Speaker 2 | 14:18
So when you look through our financials, it's very easy to understand as a company.
Fabian Velez | 14:22
I think what you'll know when we look through our summary financials here, we actually have no corporate debt in our business either.
Speaker 2 | 14:23
I think what you'll note when we look through our summary financials here, we actually have no corporate debt in our business either.
Fabian Velez | 14:30
We finance our entire business through trade finance subs.
Speaker 2 | 14:31
We finance our entire business through trade finance. 
So it's financing secured by inventory receivables.
Fabian Velez | 14:34
Finance is secured by inventory receivables. There is no certain debt in our business.
Speaker 2 | 14:37
There is no term debt in our business.
Fabian Velez | 14:39
We are the most sort of underlevered company that I know.
Speaker 2 | 14:39
We are the most sort of underlevered company that I know.
Fabian Velez | 14:43
Maybe that doesn't make corporate finance one of one sense, but it makes us be well at night.
Speaker 2 | 14:43
Maybe that doesn't make corporate finance one on one sense, but it makes us sleep well at night as a very robust company.
Fabian Velez | 14:48
And it's a very robust company. From that perspective, we're probably today sitting on 900 billion dollars in cash.
Speaker 2 | 14:50
From that perspective, we're probably today sitting on $950 cash.
Fabian Velez | 14:58
I went through the bottom of the page.
Speaker 2 | 14:59
I went through the bottom of the page our strategic relationship with the culture.
Fabian Velez | 15:00
I was going to teach the relationship with the t you go to the next page, key management.
Speaker 2 | 15:04
Go to the next page. Key management.
Fabian Velez | 15:09
As I said before, you know, the better or the worse.
Speaker 2 | 15:09
As I said before, for better or for worse, all of management is Farmer Goldman.
Fabian Velez | 15:12
All the management is former Goldman. Peter Bradley is my partner and CEO of the business he used to run Global Bulk Commodities.
Speaker 2 | 15:15
I'm Peter. Grabby's my partner. CE of the business he used to run global bulk commodities.
Fabian Velez | 15:22
Told him before he came out to run Javelin.
Speaker 2 | 15:22
Goldman before he came to Javelin.
Fabian Velez | 15:26
Our CFO came from Goldman, who was the private equity model and finance business.
Speaker 2 | 15:27
Our CFO came from Goldman, who was in the private equity model and finance business.
Fabian Velez | 15:34
Our general counsel legal counsel at moment as well.
Speaker 2 | 15:34
Our general counsel, legal counsel. I as well our co great guy, he actually ran all of fixed income currencies and commodities operations for gold in Asia.
Fabian Velez | 15:39
Our co guy, he actually ran all of fixed in currencies and commodities operations for gold min in Asia. 
So it' was in charge of all operations in Asia.
Speaker 2 | 15:50
So he's in charge of all operations in Asia.
Fabian Velez | 15:52
And then he was in charge of some point of running operations in the Atlantic markets as well, so good footprint.
Speaker 2 | 15:52
And then he was in charge at some point of running operations in the United markets as well. So good footprint.
Fabian Velez | 15:59
Danielle Moran, she's our co chief risk officer.
Speaker 2 | 15:59
Danielle Moran, she's our co chief risk officer and our lordship is our chief of staff again.
Fabian Velez | 16:03
And our Orda is our chief of staff. Againal Roman. 
John, why don't you come to give a summary of our power to that's focus on the power space and development operations.
Speaker 2 | 16:09
John, why don't you kind of give a summary of our power team that's focused the power space of development operations?
Fabian Velez | 16:17
Sure. So we have a dedicated power team that only focuses on power deals.
Speaker 2 | 16:19
So we have a dedicated power team that only focuses on power deals.
Fabian Velez | 16:24
We do power deals globally.
Speaker 2 | 16:24
We do power games globally.
Fabian Velez | 16:27
As I said earlier, I lead the North American efforts.
Speaker 2 | 16:27
As I said earlier, I need the North American efforts.
Fabian Velez | 16:29
But DA Sa, who is the head of our global power team.
Speaker 2 | 16:30
But Eden Spain, who is the head of our global power, team.
Fabian Velez | 16:35
He has a long history.
Speaker 2 | 16:36
He has a long history.
Fabian Velez | 16:37
He ran training at Draft Power, which was a very large it formerly coal fired facilities converted to biomass in the UK.
Speaker 2 | 16:39
He ran in training at Tract Power, which is very large. It formerly fault by our facility and you converted to biomass in the UK.
Fabian Velez | 16:46
He's led trade guests in the US and in Europe, and he was the head of the innovation at Horste, which is, you know, a large offshore wind company primarily.
Speaker 2 | 16:46
It's led trained desks in the US and in Europe. Indeed, was the head of Innovation Cora, which is a, you know, large Atre Lin company primarily.
Fabian Velez | 16:58
And then myself, I've been working over 25 years in this business, leading transactions and development, developing new power plants, both renewable and thermal, leading in a and really deploying, you know, assets across the United States.
Speaker 2 | 16:59
And then myself, I've been working, you know, for 25 years and in this business leading transactions and development, developing new power plants, both renewable and verbal meeting of an a and really deploying, you know, assets across the United States.
Fabian Velez | 17:16
We have a head of our financy, Shu, who leads all of our financings, and Remierra Sarasar is our head of our operations.
Speaker 2 | 17:16
We have a head of power finance, Shuu, who leads all of our financings and Ramiro Sarasar is our head of our operations.
Fabian Velez | 17:25
He has, you know, it's a 25 plus year career starting up GAs plants, working on coal plants, managing plants and managing managers of some other plants.
Speaker 2 | 17:25
Has, you know, it's a 25 plus share carrier. Starting up Gast Urban Plants, working on ball plants, managing plants and managing managers of plants.
Fabian Velez | 17:36
We have another team that works on origination.
Speaker 2 | 17:37
We have another team that works on the nation.
Fabian Velez | 17:39
We have legal resources both inside the company and outside the company that are help that help us.
Speaker 2 | 17:40
We have legal resources both inside the company and outside the company that are help that help us.
Fabian Velez | 17:46
We have a number of younger project developers and project managers specializing in everything from, you know, commercial development to electrical engineering and interconnections.
Speaker 2 | 17:46
We have a number of younger project developers and project managers specializing in everything from, you know, commercial development to electrical engineering and interconnections.
Fabian Velez | 17:58
And. And then Pedro is helping us on this project as well and bringing his expertise from, you know, in Puerto Rico there.
Speaker 2 | 17:59
And. And then Puerto is helping us on this project as well and bringing these experts from in Bury.
Fabian Velez | 18:08
Quick summary on key highlights.
Speaker 2 | 18:09
Quick suing on key highlights.
Fabian Velez | 18:12
As you said before, 200 core employees, 600 total in our operations.
Speaker 2 | 18:13
As we said before. Or 200 core employees, 600 in total. Between our operations, we've moved over 500 million tons of commodities over the last ten years.
Fabian Velez | 18:21
We've moved over 500 million tons of commodities over the last ten years. We are physically we're the first, second or third largest user of every mode of transport in the US for all commodities, whether it's railroads, barges or ports.
Speaker 2 | 18:28
We are specifically, we're the first, second or third largest user of every mode of transport in the US. With all commodities, whether it's railroads, barges or ports.
Fabian Velez | 18:41
So North America's really our biggest look as a business.
Speaker 2 | 18:41
So Northern as really are our biggest footprint of that business.
Fabian Velez | 18:45
Very physical clients on a global basis, do a lot of financings and I think some of our notable investments at the bottom here against yours, products and services.
Speaker 2 | 18:46
It's very. Clients on a global basis do a lot of financing. And it did some of our notable investments that are volunteer people on guys products and services.
Fabian Velez | 19:01
And then a little bit self explanatory, we're all across the board in all commodities.
Speaker 2 | 19:02
And then a little get self explanatory. We're all across the board in all commodities.
Fabian Velez | 19:08
I would say we've got a lot of ideas for Puerto Rico.
Speaker 2 | 19:08
I would say we've got a lot of ideas for Puerto Rico.
Fabian Velez | 19:14
We had a lot of ideas three or four years ago when we wanted to basically be an era we have a lot of ideas for reimagining how we would think about the grid and generation here.
Speaker 2 | 19:14
We had a lot of ideas three or four years ago, but we wanted to basically be an era. We have a lot of ideas for reimagining, how we think it out the grid and generation here.
Fabian Velez | 19:30
We have a lot of ideas around how we would redevelop the as plant from coal to biomass to something much further gen downstream from ethanol.
Speaker 2 | 19:30
We have a lot of ideas around how we would redevelop the as plant or call to biomass to something much further bringing downstreams and ethanol.
Fabian Velez | 19:42
So you've been thinking about Puerto Rico for a long time.
Speaker 2 | 19:43
So we've been thinking about Puerto Rico for a long time.
Fabian Velez | 19:46
We've just been waiting for sort of the right opportunity to get involved, build a reputation and then see where we go from there.
Speaker 2 | 19:47
We've just been waiting for sort of the right opportunity to get involved, build a reputation and then see where we go from then.
Fabian Velez | 19:58
I think we did skip page 9 to talk a little bit about our movements before getting into the details and not related to this process.
Speaker 2 | 19:59
If we can skip next time, we'll talk a little bit about our move something before getting into the details. 
And not related with this process.
Fabian Velez | 20:09
We keep are in the process of running and being people to.
Speaker 2 | 20:10
We be together in the process loo throwing our nhi people into all the rest of each 20 by b.
Fabian Velez | 20:15
So resolution c wi bread and we are looking for 3000 megwatts of energy new energy it could be renewable obviously based so it would be everything than that but that by the latest would be interacting at so going doom.
Speaker 2 | 20:18
And we are looking for 3000 megwat of energy. New energy. It could be removable obviously base load it would be w than that. 
So that be by the latest will be eating at some point in June.
Fabian Velez | 20:35
So we will criticize these temporary units.
Speaker 2 | 20:36
So we will decide these temporary units.
Fabian Velez | 20:38
Will be really interesting of you being part of the people of what the prac is looking is for mostly groundfield.
Speaker 2 | 20:39
We will be really intentive of you being part of the office. But the rabbit sning is for mostly Brownfield well and we have capacity.
Fabian Velez | 20:47
Yeah, and we are capacity. I think it's 400, right?
Speaker 2 | 20:50
I think it's 400, right?
Fabian Velez | 20:51
I think it's a number, not a small unit, but obviously 400 and what instead of small units but not looking as a global 3000 party instead of a few new products in Puerto Rico.
Speaker 2 | 20:52
I think it's a number not a small unit, but obviously 400. I would say it's not a small units, but not looking as an global 3000 pay instead of a few new products in Puerto Rico.
Fabian Velez | 21:07
So we will be really careful of being of that process, notwithstanding what we have in this one.
Speaker 2 | 21:08
So we will be really interesting of you being part of that process. Notwithstanding what you have with this one.
Fabian Velez | 21:14
So. So we would love to be part of the process.
Speaker 2 | 21:15
So. So we will not be a part of the process.
Fabian Velez | 21:16
I don't I do want to underscore the people who have a job with and at the right time will bring.
Speaker 2 | 21:17
I don't. I do want to underscore the people who have a job and at the right time will bring daming the gaming brand innovation at WESA, which is the largest new energy major in the world.
Fabian Velez | 21:25
You see aging around innovation at Worsley, which is the largest clean energy agent in the world from everything from offshore wind to hydrogen.
Speaker 2 | 21:32
From everything from offshore wind to hydrogen.
Fabian Velez | 21:35
He converted drafts as this facility in the Ukra, one of the largest coal fired power plants.
Speaker 2 | 21:36
He converted drafts ABSS facility in the UK from one of the largest coal fired power plants.
Fabian Velez | 21:44
10 million times a year to 100%.
Speaker 2 | 21:45
10 million tons a year to 100% by less.
Fabian Velez | 21:47
And so when we sort of look at Puerto Rico and we've spent time with Andro, living in Puerto Rico, we definitely have a lot of we definitely have a view of what we think could and should be done.
Speaker 2 | 21:48
And so when we sort of look at Puerto Rico and we've spent time in Enro looking at Puerto Rico, we definitely have a lot of we definitely have a view on what we think could and should be done.
Fabian Velez | 22:03
We don't think it's one sizeable, one project fits all.
Speaker 2 | 22:04
We don't think it's one size or one project fits all.
Fabian Velez | 22:06
We think it's a diversified approach.
Speaker 2 | 22:07
We think it's a diversified approach.
Fabian Velez | 22:09
One of our favorite ideas, which we think is quite innovative, which is with the as plant in Yama, we tried buying it for many of us, but our idea was to convert that to biomass, which would be green based load power for the island.
Speaker 2 | 22:10
One of our favorite ideas, which we think is quite innovative, which is with the as planting in Yama, we try buying it for as, but our idea was to convert that to biomass, which would be green based load power for the island.
Fabian Velez | 22:31
And what's so interesting about that plant is that it's actually it's a beautiful boiler.
Speaker 2 | 22:31
And what's so interesting about that plant is that it's actually it's a beautiful boiler.
Fabian Velez | 22:35
It's a beautiful operation that's put the environmental liabilities to aside actually convert it into base load clean.
Speaker 2 | 22:36
It's a beautiful operation. Let's put the environmental liability slip aside. Actually, to convert it into base load green, it really only requires changing the coal handling facilities for biomass and a dome and a shelter.
Fabian Velez | 22:43
It really only requires changing the coal handling facilities from biomass and a dome and a shelter. 
And you can actually have a really neat operation and have a board where that's already set up for biomass to take the innovation step further.
Speaker 2 | 22:50
And you can actually have a really unique operation. And it has the boiler and thats already set up for biomass to take innovation step further.
Fabian Velez | 22:58
Our idea was if you can actually recover the CO 2 would be considered green CO 2 or biogenic Co 2.
Speaker 2 | 22:59
Our idea was if you could actually recover the CO 2 would be considered green CO 2 or biogenic CO 2.
Fabian Velez | 23:06
You can recover that CO 2 and then turn that into a.
Speaker 2 | 23:07
You can recover that CO 2. 
And then turned that into EA or a methanol operation.
Fabian Velez | 23:10
For a methanol operation and turn into a green methanol trub of the Caribbean for the cruise lines.
Speaker 2 | 23:12
And turned into the green methanol hub of the Caribbean for the f slides.
Fabian Velez | 23:16
So maybe it's a little high in the sky.
Speaker 2 | 23:17
So maybe it's a little by the sky.
Fabian Velez | 23:19
It's a little bit innovative.
Speaker 2 | 23:19
It's a little bit innovative.
Fabian Velez | 23:20
But we feel like if we build a reputation, build up proper relationships, maybe some of these like wild ideas that we have but which are very practical and executable.
Speaker 2 | 23:21
But we feel like if we build a reputation, build up proper relationships, maybe some of these like wild ideas that we have which are very practical and executable, maybe they get see the light of day.
Fabian Velez | 23:32
Maybe they didn't see a lot of day. Of course, we understand the conversions to natural GAs, which makes a lot of sense.
Speaker 2 | 23:35
Okay. But of course, we understand the conversions to natural GAs, which makes a lot of sense.
Fabian Velez | 23:39
We've got a lot of strong opinions, frankly, on natural GAs supply and some of the problems that Puerto Rico had done in running its tendering processes for fuel.
Speaker 2 | 23:40
We've got a lot of strong opinions, frankly, on natural GAs supply. Some of the problems that Puerto Rico had done in running its tendering process.
Fabian Velez | 23:51
I don't know if that.
Speaker 2 | 23:51
Well, I don't know if any of you were at the 3 PPO process four years ago when I exed on some of the problems with the fuel contracts and running off.
Fabian Velez | 23:52
You were. Were at the. The three pal process. Four years ago, when I presented some of the problems with the fuel contracts and the money loss. 
But, Puerto Rico is a soft target or really a hard target of all the trading companies out there.
Speaker 2 | 24:03
But, Puerto Rico is a soft target or really a hard target for all the trading companies out there.
Fabian Velez | 24:10
And when you consume 20 to twenty five million barrels of fuel oil and diesel and a lot of LNG today, you know, for you not to take more control of your fuel supply and ownership and responsibility for me, you're losing a lot of money.
Speaker 2 | 24:11
And when you consume 20 to 25 million barrels of fuel oil and diesel and a lot of te today, you know, for you not to take more control of your fuel supply and ownership and responsibility for needs to a lot of.
Fabian Velez | 24:24
Yeah, and I think there's a lot of easy solutions to solve that problem.
Speaker 2 | 24:25
Yeah, imagine there's a lot of easy solutions. It's all that about. Okay.
Fabian Velez | 24:30
And while we can talk about some existing contracts, which.
Speaker 2 | 24:31
And while we could talk about some existing contracts, which I want to be speaking IA people.
Fabian Velez | 24:35
[Laughter] So I think as you probably learned when you see some of our comments in the PPOLA, we really reflected a lot and we read a lot of the contracts over the last five years of all the different sort of public contracts that are out there.
Speaker 2 | 24:38
Yeah. Time. So I think I'd probably learn. I see some of our comments in the PPA we really reflected a lot. 
And we've read a lot of your contracts over the last five years of all the different sort of public contracts that are out there.
Fabian Velez | 24:56
So we've tried benchmarking off of a lot of what we've done.
Speaker 2 | 24:57
So we TED benchmarking all of a lot of what we've done.
Fabian Velez | 24:59
What that means is that we know where a lot of contracts that can be improved in the existing operations.
Speaker 2 | 25:00
What that means is that we know where a lot of the contracts that have be through in their existing operations.
Fabian Velez | 25:05
And I think we could bring a lot of that IP to the discussion.
Speaker 2 | 25:06
And I think we could bring well, that IP to Pakistana.
Fabian Velez | 25:10
So.
Speaker 2 | 25:11
So page ten this financial that I think it sort of speaks for itself.
Fabian Velez | 25:12
Page 10. Just financials. I think it. It sort of speaks for itself. We've done well.
Speaker 2 | 25:18
We've done a strong balance sheet and really no debt in the business, which is to go on the power side.
Fabian Velez | 25:19
Strong balance sheet and really no debt in the business, which is really nice. On the power side, I think we've already discussed it a bit.
Speaker 2 | 25:30
I think we've already discussed it a bit.
Fabian Velez | 25:32
I think page 13 gives you a sense of the size and scale we are on solar wind, probably our most important project, which may not see the light of day.
Speaker 2 | 25:33
I think page 13 gives you a sense of the size and scale we are on solar and wind. Probably our most important project, which being us see the light of day in this administration, is a 250 megawatt wind farm that we were going to be building for US Field in Minnesota.
Fabian Velez | 25:44
And this administration is a 250 megawatt wind farm that we were going to be building for US. Steel in Minnesota. That would have been a wonderful project.
Speaker 2 | 25:53
That would have been a wonderful project.
Fabian Velez | 25:54
We'll see if it actually sees a lot of DE, but we have a nice portfolio.
Speaker 2 | 25:55
We'll see if it just see a lot bit, but we have a nice portfolio.
Fabian Velez | 26:00
It's I don't know.
Speaker 2 | 26:01
It's I don't know, I call it five ragawatts of projects.
Fabian Velez | 26:01
I call it 5 mW of projects. I'm not sure these days if it's a zero or five, but we'll see.
Speaker 2 | 26:05
And I'm not sure you guys if it's a zero or a well, but we'll see.
Fabian Velez | 26:11
I think nobody knows.
Speaker 2 | 26:12
I think nobody knows.
Fabian Velez | 26:13
So. But one, of course, we quickly pivoted to the next page, which we decided to fight the largest small fipartert in the US, the most efficient coparpartert in the US.
Speaker 2 | 26:14
So of course, we put it in the case which we decided to buy the largest coal power plant in the US. The most efficient coal power plant in the US and we think that if there's a live propoll, which we think with this administration there is this will be the last plan that they to America.
Fabian Velez | 26:26
And we think that if there's a life for coal, which in this administration there is, this will be the last plan standing in America.
Speaker 2 | 26:35
So obviously you know that and obviously I know that person to over 1025.
Fabian Velez | 26:39
Doesn't with the government.
Speaker 2 | 26:42
The government amended and extended the as plan to. So I don't think there's more sense in making a big investment for coal for the next seven years.
Fabian Velez | 26:48
I don't think there's more for coal for the next seven years at least.
Speaker 2 | 26:54
So any financial doesn't make any sense for at least basic what we have right now we have 2000.
Fabian Velez | 26:58
Basically. What we have right now we have two thousanden.
Speaker 2 | 27:02
And yeah, we'll be happy to talk we've got some regulations and before we do that, cut this all again.
Fabian Velez | 27:04
We'd be happy. [Laughter] We've got some regulations in Puerto Rico that to this off. 
But again, discussion yeah, so Gavin is it's a wonderful project.
Speaker 2 | 27:14
Second discussion. 
Yeah, so Gavin is. It's a wonderful project.
Fabian Velez | 27:20
John and the broader team will be doing a lot of asset management for that plan.
Speaker 2 | 27:21
John and the broader team will be doing a lot of asset management for that plant.
Fabian Velez | 27:24
There's a lot of optimization to be done there.
Speaker 2 | 27:25
There's a lot of optimization to be done there.
Fabian Velez | 27:26
There's a lot of optimization of the operation, the fuel and sort of ancillary projects to that.
Speaker 2 | 27:27
There's a lot of optimization of the operations, the fuel and sort of ancillary product that's Rico.
Fabian Velez | 27:31
So we're very excited about that project. So I think maybe before we get sort of what we design and I think maybe we've got to sort of give a quick video of our partner APR in this project.
Speaker 2 | 27:38
So, I think maybe before you get into sort of what we've designed and I think maybe you think best to sort of give a quick video of our partner APR in this project.
Fabian Velez | 27:53
Francisco, if you mind taking the helmet and puting on the video.
Speaker 2 | 27:54
Francisco. You mind taking the helm? 
And put me on the video.
Fabian Velez | 27:58
Yes, let me see if I can get this.
Speaker 5 | 27:58
Yes, let me see if I can get this to work.
Fabian Velez | 28:00
I will say that our friends from APR.
Speaker 5 | 28:01
I will say that our friends from Apr.
Fabian Velez | 28:04
Some of you may recall came in 2017 that the hurricane provided a version of Truvian power.
Speaker 5 | 28:04
Some of you may recall came in 2017 right after the hurricane and provided emergency turbine power in Paloseco and Jaukoa.
Fabian Velez | 28:11
Sco and Jael Ka let me put the video.
Speaker 5 | 28:13
Let me put the video short video quickly here.
Fabian Velez | 28:14
Sure me O so they are very well into stri of the emergency situation.
Speaker 2 | 28:19
So they are very relevant. Experience in the emergency situation.
Fabian Velez | 28:22
They were.
Speaker 2 | 28:22
If they were here, IA mo.
Fabian Velez | 28:51
Maybe. Maybe we should ask Vince about text about his 13 year old.
Speaker 2 | 28:52
Maybe we should ask Cris good be tex support his thirteen year old thing.
Fabian Velez | 28:54
[Laughter] Can forward it this.
Speaker 3 | 28:58
Okay. We can
Speaker 2 | 29:04
It's coming. Give.
Speaker 3 | 29:07
This.
Fabian Velez | 29:10
No.
Speaker 2 | 29:56
The university get gets out of the supply.
Speaker 3 | 30:01
Want.
Fabian Velez | 30:11
You were li in Francisco.
Speaker 3 | 30:31
Eight.
Fabian Velez | 31:04
It's a great video.
Speaker 2 | 31:06
As a it's a great video looking forward to we can we look forward the video to you later.
Fabian Velez | 31:08
We ford it. We can re record the video later. Yeah.
Speaker 2 | 31:13
Yeah, okay.
Fabian Velez | 31:19
Hey, Francisco, can you send it to Miriello or.
Speaker 2 | 31:21
Francisco, can you please send it to Marriella or can you forward it to the team here?
Fabian Velez | 31:25
Yeah, Orda we forwarded to the team here.
Speaker 2 | 31:33
Francisco because for me, the as GenAI Princ, you said it to me.
Fabian Velez | 31:52
To me I can it on to well we're while we're waiting for iss maybe what we can do is jump maybe you can review with the team the design you put together.
Speaker 2 | 31:53
I can for it ont to baby. 
Okay, well, we're around what we're waiting for is Francisco. Maybe what we can do is talk and if you can review the team you design, you sit together and our business platform is operational.
Fabian Velez | 32:16
Yeah. And our business plan for this operation so.
Speaker 2 | 32:23
So, you know so fundamentally, the design that we sit together here at the store is seven seven gass MOW generating units.
Fabian Velez | 32:23
So fundamentally, the design that we put together here at the store is seven seven GAs turbines, mobile generating units. Four of them are fted with the units and three of them are G20.
Speaker 2 | 32:36
Four of them are crapped with the units and three of them are get and three homes.
Fabian Velez | 32:44
They total about 168 as of ISO conditions and they are.
Speaker 2 | 32:45
They total about 168mw of IO conditions and they are fuel capable units.
Fabian Velez | 32:50
They are dual fuel capable units. We have originally planned to be commissioned out on number two T sulfur diesel, but there would be the ability down the road to potentially convert them or use natural GAs to service them.
Speaker 2 | 32:54
We have originally planned this to be conditioned on the number two overall salt Sal, but there would be the ability down the road to potentially convert them or use natural GAs to service them.
Fabian Velez | 33:08
The fuel supply would come from JAP would basically manage and deliver fuels with new source globally, most likely from somewhere in the Caribbean or potential in Canada and then deliver it to three leased storage tanks from Orda adjacent to the Coast Store facility.
Speaker 2 | 33:09
The. The fuel supply would come from. Jatman would basically manage and deliver fuel that we would source slowly, most likely from somewhere in the Caribbean or potentially Canada and then deliver it to three leased storage tanks from Porco JSON to the Coast storage facility.
Fabian Velez | 33:32
We've been working very closely with Orda to inspect the tanks and make the necessary contracting arrangements to lease those three tanks from them.
Speaker 2 | 33:33
We've been working very closely with Porco to inspect the tanks and make necessary contracting arrangements to get lease those three tanks for them and back.
Fabian Velez | 33:44
And we've got we have an excellent relationship with Corco from Pedro and Francisco's relationships.
Speaker 2 | 33:46
We have an excellent relationship with Porco from. 
From Pedro and Francisco's relationships.
Fabian Velez | 33:52
And they've been.
Speaker 2 | 33:53
And they've been.
Fabian Velez | 33:53
They've been a great partner to work with so far.
Speaker 2 | 33:54
They've been a great part of the working so far, and we have identified the three tags that we would lease from them.
Fabian Velez | 33:56
And so we have identified the three tanks that we would lease from them. We would lease an additional tank for water storage.
Speaker 2 | 34:03
We would lease an additional tank for water storage.
Fabian Velez | 34:09
So the units require or require.
Speaker 2 | 34:10
So the us require or they don't require.
Fabian Velez | 34:13
But environmentally, they require to minimalized water to be injected into them, and we have worked with Corco to have basically potentially up to seven days of water storage at their facility.
Speaker 2 | 34:14
But environmentally, they require deberalized water to be injected into them. And we have worked with Workcos a half basically potentially up to seven days of water storage at their facility.
Fabian Velez | 34:30
We would have on site deliteralized trailers or a de mineralizing system that we could run raw waterate from coast the sour through the de mineralized system and we would type that directly to the units and to control the knobs.
Speaker 2 | 34:31
You would have on site the mineralized trailers or de minerlizing system that we could run raw mart from post to STR through the demeralized system. 
And we would pipe that directly to the units and to control the knobs.
Fabian Velez | 34:49
But then we would have the storage up a little up on the hill at Corco.
Speaker 2 | 34:50
But then we would have the storage on a on the hill of Porco.
Fabian Velez | 34:54
That if something were to, you know, not be able to inject water or we needed additional water that we can supplement from Corco.
Speaker 2 | 34:55
That if something were to, you know, not be able to inject water or if they needed additional water, then we could supplement from poor.
Fabian Velez | 35:03
So we did email a little bit about this week about in our proposal details.
Speaker 2 | 35:04
So we did email a little bit about this week about think about in our proposal detail.
Fabian Velez | 35:09
We would need to use a raw water tank and water from put the sewer.
Speaker 2 | 35:11
We would need to use a roll water tank and water from close to store.
Fabian Velez | 35:15
And I understand that they confirmed that they have enough quantity to kind of meet our need.
Speaker 2 | 35:17
And I understand that they have confirmed that they have enough quantity to kind of bed our needs.
Fabian Velez | 35:20
Yes, I talked this morning with plant manager and he confirmed that they do have the need 03:50 c permits and that that's that would be sufficient for.
Speaker 2 | 35:21
Yes, I talked this morning with the manager and you confirmed that they do have 03:50thousand. Yes, and that that's the that would be sufficient part.
Fabian Velez | 35:31
Yeah, they do have it EE that would be, you know, down the road when we're doing a contract that would be have to be negotiated with them how that would be supplied.
Speaker 2 | 35:32
Yeah, they have it that would be, you know, down the road when we're doing a conference that we have to be negotiated with them. Yeah, so how that would be spli.
Fabian Velez | 35:44
Okay, yeah. So. But that's important.
Speaker 2 | 35:45
Okay, yeah, so that's important.
Fabian Velez | 35:47
I would say that, you know, technically, the units are capable of running without the water, but the Knox emissions were very high without the water.
Speaker 2 | 35:48
Obviously, the. 
You know, technically the units are capable of running without the water, but the Knox emissions were very high without the water.
Fabian Velez | 35:56
And so, you know, they're usually run with the water injection to control the knobs.
Speaker 2 | 35:57
And so, you know, they're usually one with the water injection to control the knobs.
Fabian Velez | 36:02
Okay, on.
Speaker 2 | 36:03
Okay, on that note, I know that's going to be very important.
Fabian Velez | 36:03
On that note, I know that's going to be very important. If I know that it's going to be there's going to be a discharge of that water there.
Speaker 2 | 36:09
I know that there's going to be discharge that water there.
Fabian Velez | 36:12
There is actually no discharge of water.
Speaker 2 | 36:13
There is actually no discharge of water.
Fabian Velez | 36:14
But this char out it all gets flown through the sack.
Speaker 2 | 36:15
Let me start. No, it all gets flowed from the sack.
Fabian Velez | 36:17
It gets evaporated and is emitted as April.
Speaker 2 | 36:18
It gets evaporated, and it's submitted in favor.
Fabian Velez | 36:23
Okay, so there's no discharge associated with the water that gets injected into the units.
Speaker 2 | 36:24
Okay, so there's no discharge associated with the water that gets injected into the units.
Fabian Velez | 36:30
There is a quantity of reject water from the DEM system.
Speaker 2 | 36:31
There is a quantity of reject water from the dem system.
Fabian Velez | 36:36
Okay? That will need to be disposed of.
Speaker 2 | 36:37
Okay. That would need to be disposed of.
Fabian Velez | 36:38
Okay, but that's easier.
Speaker 2 | 36:39
Okay, and that's easier.
Fabian Velez | 36:41
It's easier. Yeah, because I was thinking of the and MPS permits that do have they do have in the plan and if we want to use their discharge.
Speaker 2 | 36:42
It's easier, yeah, because I was thinking about the n NPS permits that it would have they do have in the plant and we want to use their discharge.
Fabian Velez | 36:50
That was gonna be a little complicated.
Speaker 2 | 36:51
I think they look complicated, but it's just a reject b from the Eden and that's as it.
Fabian Velez | 36:52
But if it's just the reject water from the demon, then that's a lot easier. Yeah, so that's so our request to utilize their disposal that is solely for the reject water.
Speaker 2 | 37:01
Yeah, so that's so our request to utilize their disposal so that is solely for the reject water.
Fabian Velez | 37:06
Okay, there is no discharge.
Speaker 2 | 37:08
Okay, there is no discharge.
Fabian Velez | 37:08
There's no discharge whatsoever of the water that's processed.
Speaker 2 | 37:09
There is no discharge whatsoever of the water that's processed.
Fabian Velez | 37:12
Water that's run through the year.
Speaker 2 | 37:14
Water that's run through the UNS.
Fabian Velez | 37:14
Okay. Do you have a specific amount it would be about it's about thirty percent of the that's not the inflow, that's not that.
Speaker 2 | 37:16
Okay. Do you have a specific amount? It would be about it's about 30% of the inflow.
Fabian Velez | 37:25
So stores are like six six to something because we're a little less than.
Speaker 2 | 37:27
So we got a sixty something because they were a little less than.
Fabian Velez | 37:35
Yeah, so maybe it's a little less than a hundred.
Speaker 2 | 37:36
Yes, so maybe it's a little less than a hundred well bing or less than Threefield Browning the five and six.
Fabian Velez | 37:36
Well, Runn running the five and six, I think costs were is around half a million gallons of seawater a minute.
Speaker 2 | 37:43
I think sometimes we're in around half a million gallons of sea water. I did it.
Fabian Velez | 37:52
So a hundred gallons is not going to drop.
Speaker 2 | 37:52
Did it? Yeah. So? A hundred pounds?
Fabian Velez | 37:55
Yeah. It's not going to be anything.
Speaker 2 | 37:56
A drop yeah, it's a triple yeah, so but so we would need to we definitely need to work out something with NER or whoever it is.
Fabian Velez | 37:56
It's. Trile yeah, so but so we would need to we definitely need to work out something with an error or whoever it is. Yeah, I'll start. I'll start reaching out to the end to the gena.
Speaker 2 | 38:07
I'll start reaching out to the era you guys are responsible for all birds.
Fabian Velez | 38:11
You guys are responsible for all the permits, but I'll start reaching out to them for the just to make sure that doesn't, you know, conflict with their MPS permits.
Speaker 2 | 38:14
Well, I reach out to them for the just to make sure that doesn't conflict with their NDS pers just to get the conversation from we start that.
Fabian Velez | 38:27
Just to get the conversation for sure. 
Yeah. So I think when you look at our project, the goal of going into this journey was twofold.
Speaker 2 | 38:34
I think when you look at our project, the goal coming going into this journey was sort of twofold.
Fabian Velez | 38:43
How do we keep it as simple as possible?
Speaker 2 | 38:45
TED, to keep it as simple as possible.
Fabian Velez | 38:47
And to be frank, how do we set up a system that's independent of the existing fuel suppliers and how we can deal with that sort of monopolistic stranglehold?
Speaker 2 | 38:48
And to be frank, how do we set up a system that's independent of the existing fuel suppliers? 
And having to deal with that sort of monopolistic strangling?
Fabian Velez | 38:58
And so the way we've done that was through easy supply of diesel into Corco.
Speaker 2 | 39:00
And so the way we've done that was through easy supply of diesel into Porco.
Fabian Velez | 39:05
There's already the existing pipeline network leaving Corco.
Speaker 2 | 39:07
There's already the existing pipeline that we're going to do cor go.
Fabian Velez | 39:09
It's an easy hot tap into the pipeline, which is not very long to bring it into the coast of Sower and then run it from there.
Speaker 2 | 39:10
It's easy. If I top into the pipeline. It's not very long to bring it to the coastal sewer and then run it from there.
Fabian Velez | 39:18
So I think from our perspective, if we think about the project, I counter rate it at two out of ten in complexity.
Speaker 2 | 39:19
So I think from our perspective, if we think about the project. I counter rated a 2 out of 10 in complexity.
Fabian Velez | 39:27
I think what makes it complex is just the speed of execution.
Speaker 2 | 39:29
I think what makes it complex is speed of execution.
Fabian Velez | 39:31
Yeah, I agree.
Speaker 2 | 39:32
Yes, so hopefully that's a good thing.
Fabian Velez | 39:32
So, hopefully that's a good thing we try to keep it simple.
Speaker 2 | 39:37
We try to keep it simple.
Fabian Velez | 39:37
Simplicity was very rough.
Speaker 2 | 39:38
Simplicity. Let's rest for us.
Fabian Velez | 39:41
Yes, the sorry, I had a question on the fuel source.
Speaker 2 | 39:42
Yes, sorry, I have a question on the fuel force.
Fabian Velez | 39:47
I know that. Obviously, you guys sourced diesel fuel.
Speaker 2 | 39:49
I know that obously. You guys sourced these fuel.
Fabian Velez | 39:53
But you specified that if there was a chance to change it to LNG there would be would that constitute obviously it would constitute changes price right?
Speaker 2 | 39:55
But you specified that if there was a chance to change it to L NG, that would that constitute obviously would constitute change of price, right?
Fabian Velez | 40:06
And I'm just trying to.
Speaker 2 | 40:08
And so yeah, so I think for us.
Fabian Velez | 40:11
So yeah. So I think for us. So right now Prepa has two S there's actually they have an existing fuel supply agreement with Nasser, which we called a G we didn't get that price.
Speaker 2 | 40:15
So right now, Brea has two. 
Sorry, there's actually they have an existing fuel supply agreement with Naturgene, which when we call natural, you didn't get that price.
Fabian Velez | 40:32
Okay, so it made it very expensive to supply.
Speaker 2 | 40:33
Okay? So it made it very expensive to supply LNG if we can tap into your LNG contract that you currently have at that actually I don't remember the expiration of that contract, but it was a Henry Hub plus co trial where what we were given was a TTS plus contract.
Fabian Velez | 40:36
LNG if we can tap into your lngy contract that you currently have an natrogy. And actually, I don't remember the expiration of that contract, but it was a Henry Hubb plus contract where what we were given was a TTF plus contract. 
So that's why we couldn't base it, which is why we have to be independent.
Speaker 2 | 40:59
So that's why we couldn't base it, which is why we had to be independent.
Fabian Velez | 41:01
So we have an independent stream coming through.
Speaker 2 | 41:03
So we have an independent stream coming through.
Fabian Velez | 41:03
Diesel, if we can really realistically tap into your agreement with Nurgy, which is the heavry CP plus and there's no to be safe for everybody, we should do it.
Speaker 2 | 41:05
Diesel if we can really realistically tap into your agreement with Naturch, which is the Henry not FS and there's no can say for everybody we should be will okay whether we do it now upfront or will we do it in the future, it's not that bad.
Fabian Velez | 41:13
Okay. Yeah. Whether we do it now. Upfront or whether we do it in the future is not that that's like small chips, that's is that it's no problem at all.
Speaker 2 | 41:23
Yeah, that's me beautiful like small chips okay, that's me. The important part is that it's no problem at all if you know, if we were to commissioner this on diesel and then you know, whatever two months down the road or four months down the road, then we're able to work out whatever it is we can with energy and with genera and Breatha, then we can switch any time.
Fabian Velez | 41:28
If you know, if we were to commission this on diesel and then whatever two months down the road or four months down the road, then we're able to work out whatever it is we can with Nurgy and with Vanera and then you know, we can switch any time. 
So it's not something that we need to have done, you know, day one.
Speaker 2 | 41:49
So it's not something that we need to have done, you know, day one.
Fabian Velez | 41:52
But it's available to be done.
Speaker 2 | 41:53
But if it's available.
Fabian Velez | 41:54
Yeah.
Speaker 2 | 41:55
Will be done now.
Fabian Velez | 41:55
I still have to figure out if there is enough supply to run five six and the external project or if it could be in an alternate between when they if any units are going to be offline for repair for x amount that GAs can be utilized that needs to be pardon me.
Speaker 2 | 41:56
Yeah. I still have to figure out if there's enough supply to run our six and external projects or if it be in an alternate meaning when the any units are going to be offline. Repair for x amount that GAs can be utilized and where that needs to be for we can be very flexible with you on kind of using natural GAs or using diesel.
Fabian Velez | 42:20
We can be very flexible with you on kind of using natural GAs and using diesel. 
And so you know, if you know, obviously the more regular is you know, that's fine, that's better.
Speaker 2 | 42:30
And so, you know, it you know, obviously the more regular it is, you know, that's fine.
Fabian Velez | 42:35
But. You know.
Speaker 2 | 42:36
That's better.
Fabian Velez | 42:36
There was.
Speaker 2 | 42:37
But you know, there was you know, if you if we had a deal worked out and you said, look, for the next four months, we're going to run natural GAs.
Fabian Velez | 42:37
You know, if you if we had a deal worked out and you said, look, for the next four months, you can run natural GAs. 
But that's fine with us too.
Speaker 2 | 42:45
But that's fine with us, too.
Fabian Velez | 42:48
Anything that you need for that to happen is to get into the supply contract or would be right.
Speaker 2 | 42:49
The only thing that you need for that to happen is to very to law supply contract we not to be great and it's starts that and there's a bigger a question with ner electrica around the capacity to convert from LNG to natural GAs.
Fabian Velez | 42:55
And it so that. And there's I think, a question with natur or ecoelectria around the capacity to convert from LNG to natural GAs. 
But. But yes. And then we would obviously need to have our own basically tapped into the natural GAs line, but the line actually runs kind of right by the right by where our facility is.
Speaker 2 | 43:12
But yes. And then we would obviously need to have our own basically tapp into the natural GAs line. But the line actually runs kind of right by the right by where our facility is.
Fabian Velez | 43:24
And so. And they've already confirmed to us there's a plan that we could interconnect to.
Speaker 2 | 43:26
And so. And they've already confirmed to us some plans that we could interconnect too.
Fabian Velez | 43:28
And so it's just a matter of hooking it up.
Speaker 2 | 43:30
Or. 
So it's just a matter of booking it up.
Fabian Velez | 43:32
But yeah, access to the we can supply to you we can supply you'll get would be to use the existing market and you know, when I didn't look into sort of resale rights of that to do contract with your leverage and relationship.
Speaker 2 | 43:33
But yeah, access to the we can supply you we can supply our input at the cheaper at the cheapest price when we use the existing model and in. But I didn't look into sort of cover resell rights of that Naturch G contract. 
But it's more that relationship with obviously the we were working with we as and as we didn't want to get involved into the full contract with the plan and we be and the units we thought it would be a better option.
Fabian Velez | 43:53
Obviously, if we were looking we didn't want to get involved into the full contract with the plan obviously the units we thought it would be a better option. 
But at the end of the day, if it is necessary to us to revolve because we are talking about cheaper price and better price for everybody always.
Speaker 2 | 44:07
But at the end of the day, if it is necessary it will be very more because we are talking about cheaper price and better price to everybody. And we can we get about a will be ge okay.
Fabian Velez | 44:22
So I mean, I know what we planned for here was 160 5168 megawatt.
Speaker 2 | 44:23
I mean, I know what we plan it for year while it's 1651 68 mW.
Fabian Velez | 44:29
There is capacity to do more, I think with the existing space.
Speaker 2 | 44:30
There is capacity to do more. 
I think that the existing space you think you can how many more gensets in yeah you did certainly one problem yeah about 50 more yeah else more using the amplement of the to custom in the okay.
Fabian Velez | 44:34
We think you could put how many more gen sets but yeah sort we and certainly one probably too yeah about 50 more using the as of the. 
So I still not public and then if more if we could find if more space was available and we could find more space and we could you know we could add more bit need currently I know the RD originally said that there was gonna be 400mb to like KOR 400 to a year.
Speaker 2 | 44:55
And then if more space we could if more space was available or we could find more space, then we would be we could you know, we could add more we could figure that out on. 
Yeah. Yeah. We currently. Currently among r ply said that it be 400mb to 400 who are here because mar told us recently and I confirmed that post technology.
Fabian Velez | 45:20
That changed a little bit because, Luma told us recently and BPA confirmed that Coster can only receive 200 by the warranty.
Speaker 2 | 45:32
You see 205 that's chanel they have 200 mes 1 mW in the future because you're using the glas out in the us be your but you have already acted as in the former of the networ the proving GAs pick you in the Mark because that is active and ma and Roma in his availability of generation.
Fabian Velez | 45:34
That's. But that's what they have. 200 networks, 100 megawatt in the switchert because you're using the last, out energy of the unit 4. But you have already acted as in cr of the nal the serving GAs of pick unit that you have in host or that is acting and lu have in his availability of generation Turbin. The problem is that you have one of the to maybe eight or ten years ago out of service and the other you have an ability, an aability.
Speaker 2 | 46:13
The problem is that you have one of that moving maybe eight or ten years ago out of service. 
And the older you have an ability.
Fabian Velez | 46:24
But during the last three years, you only run the Termin maybe 24 hours and we don't have the capacity to use the UIT and you can use new units with that platformer and to help people with a lot more.
Speaker 2 | 46:24
Ability. But only the last three years. You only want the t maba and you don't have the capacity to use the unit and you can use new units with that former and you have not want.
Fabian Velez | 46:44
So we can with so with, you know, with some potential reconfiguring or configuration.
Speaker 2 | 46:46
So we can disclose that it very long. So I think maybe that needs normal. Yeah, with. So with, you know, with some potential reconfiguring or configuration.
Fabian Velez | 46:57
I mean, and we've identified additional units that could get you up to about 250 mW at.
Speaker 2 | 46:59
I mean, and we've identified additional units that could get you up to about 250 mW at most.
Fabian Velez | 47:06
And so. And we would be happy to have, you know, we're we've got the proposal that we've got here because that's what we were able to put together with the space and everything that we had at the time.
Speaker 2 | 47:08
And so we would be happy to have, you know, we've got the proposal that we've got here because that's what we were able to put together with the space and everything that we had time.
Fabian Velez | 47:17
But we would be open to a situation where we could, you know, add additional units and wanted you to know that that's a possibility.
Speaker 2 | 47:18
But we would be open to a situation where we could, you know, add additional units. 
And we wanted you to know that that's a possibility for OURSPECT that's definitely on the table.
Fabian Velez | 47:27
From our perspective. That's definitely on the table. Okay. I'm going to say no, because it's really gonna depend on the time and obviously execution of it and the conversation that we need to have with, you know, definitely to make sure that they are on board with the additional megawatts in process.
Speaker 2 | 47:31
Okay. I say no because it's really the hand on the time. But you see exetion of and the conversation that we need to have that we wanted definitely to make sure that they are onboard with the additional megawatts.
Fabian Velez | 47:47
Great. 
Yeah.
Speaker 2 | 47:48
Great.
Fabian Velez | 47:49
And of course, that's a mess.
Speaker 2 | 47:50
And of course, citizenness.
Fabian Velez | 47:51
The hardest thing of this whole puzzle to find reliable gensets.
Speaker 2 | 47:52
The hardest thing in this all but all is find reliable gen sets.
Fabian Velez | 47:57
Yeah, I mean, we were going as far as Bazar, Iraq at one point to find gensets, and we just.
Speaker 2 | 47:59
Yeah, I mean, we got to. We're going as far as Iraq at one point to find gen sets, and we just.
Fabian Velez | 48:05
That's why we just cut it and said I'd rather do smaller and executable with reliable counterparties and taking risks going up the two fifties.
Speaker 2 | 48:07
That's when we just covered. We said I'd got to do smaller and executable with reliable counterparties than taking any risks. 
So I think go after you get these easy part, it's kind of finding the genesis that we all trust.
Fabian Velez | 48:16
Easy part is kind of finding the genset that we all trust. 
So we. So we've ended up.
Speaker 2 | 48:22
So we've and we've ended up.
Fabian Velez | 48:22
So all of the units that we identified here we literally scour the Earth.
Speaker 2 | 48:24
So all of the units that we identified here we literally scoured here.
Fabian Velez | 48:27
Okay, we. I think I feel very confident in telling you I can tell you where 90 plus percent of every available GAs turbine in the world is, right?
Speaker 2 | 48:29
We. I feel very confident in telling you. I can tell you where. 90 plus percent of every available GAs turbine in the world.
Fabian Velez | 48:38
Okay, there might be one thing in the jungle of Cambodia or something, but.
Speaker 2 | 48:40
Okay, there might be one in the jungles of Cambodia or something, but every, like, accessible GAs turbine.
Fabian Velez | 48:43
But every, like, accessible GAs turbine. I think I know about 90% of them every.
Speaker 2 | 48:48
I think I know about 90% of them every.
Fabian Velez | 48:50
And we literally thought we were sending somebody to Iraq for about a day and a half.
Speaker 2 | 48:51
And we literally thought we were sending somebody to Iraq for about a day and a half, and then.
Fabian Velez | 48:56
And then. But then we've reoriented and we set all the units that we've identified here and the additional units that we mentioned a minute ago, all of those units are located in the United States right now.
Speaker 2 | 48:58
But then we just we reoriented and we said all the units that we've identified here and the additional units that we mentioned a minute ago, all of those units are located in the United States right now.
Fabian Velez | 49:10
Okay.
Speaker 2 | 49:11
Okay.
Fabian Velez | 49:12
Minimizing execution risk.
Speaker 2 | 49:13
Minimizing executions.
Fabian Velez | 49:14
Okay. So that's. That's one kind of one of the questions that we wanted to make sure that if there was a chance there was a space before any contract or after that will have to be seen if some of our team can go and see the LIS, of course, no problem.
Speaker 2 | 49:16
So that's what one of the questions we wanted to make sure that if there was a chance there was space before any contracts that will have to be seen if some of our team can go and see the Leas, of course. 
Yeah. Of course, no problem.
Fabian Velez | 49:37
Okay, but so on a related note, while you brought that up and I'm hanging about, it would be really helpful if we could have a site visit to store this week on we.
Speaker 2 | 49:40
So on related not while you brought that up and I'm thinking about it. It would be really helpful if we could decide to get those to this week on Wednesday.
Fabian Velez | 49:51
Yeah, that can happen. Yeah. So we've got a couple of.
Speaker 2 | 49:53
That can happen. 
So we've got a couple of.
Fabian Velez | 49:55
We've got APR and standing by to come down and our engineering company ising by to go.
Speaker 2 | 49:56
We've got APR standing by to has to come down and our engineering company is standing by to go.
Fabian Velez | 50:03
And so if we could have a site visit on Wednesday, that would be very much.
Speaker 2 | 50:04
And so if we could have a site visit on Wednesday at the store, that would be very specifically for the S.
Fabian Velez | 50:08
What do you need is specifically for the site vision so I can talk to the timeline.
Speaker 2 | 50:12
So I thought I think it's just to walk around the area it would be it's primarily to look at the area where we now that we have layoffs.
Fabian Velez | 50:12
I think it's just to walk around the area. It would be primarily to look at the area where we. 
So now that we have a layout, when we went previously with you, we may not have the layout, right?
Speaker 2 | 50:22
When we went previously with you, we didn't have the layout right.
Fabian Velez | 50:23
So now we've got the layout, and I think people want to look and see.
Speaker 2 | 50:25
So now we've got the layout, and I think you want to do a look and see, okay?
Fabian Velez | 50:27
Okay, this is going to, you know, kind of. This is going to go here.
Speaker 2 | 50:29
This is, you know, kind of this is going to go here, this is going to go there.
Fabian Velez | 50:30
This is going to go there. 
Okay? Think about the interconnection point, think about laydown, think about site access, think about how can we bring the terms are huge, right?
Speaker 2 | 50:33
Okay? Think about the. The interconnection point. Think about. Layd down. Think about site access, think about how can you know, the turbans are huge, right?
Fabian Velez | 50:42
And you know, how do we get them?
Speaker 2 | 50:43
And, you know, how do we get them?
Fabian Velez | 50:44
Like how do we turn from the road into the plant, things like that, where can we put a frames kind of just physical logistical issues.
Speaker 2 | 50:45
Like how do we turn the road into the plant? Things like where can we put it for there are other types of conscious physical logistical issues and.
Fabian Velez | 50:53
Okay, and but that would be great, we would do that.
Speaker 2 | 50:57
But that would be great we could do that.
Fabian Velez | 50:58
I don't think there's a problem.
Speaker 2 | 50:59
I don't think that's the problems to be okay.
Fabian Velez | 51:00
I don't think there's a problem.
Speaker 2 | 51:01
I don't think no problems.
Fabian Velez | 51:01
After our conversation. I'll call the plant manager and we'll.
Speaker 2 | 51:03
After our conversation. 
I'll call the time manager and send you to power before leaving.
Fabian Velez | 51:05
I'll send you a message to [Laughter] my.
Speaker 2 | 51:15
My close is what n really is mentioning me should be there.
Fabian Velez | 51:18
I think it'd be great because they do have to say in it. And if they go we can just finalize and we can bring up the hundred the other 50mw and then.
Speaker 3 | 51:21
Have a say in it and if they go we can just finalize whatever. I take your as.
Speaker 2 | 51:27
You want the hundred day other bet get and they need me then they can do another investigation that they want to have their say on with one.
Fabian Velez | 51:35
But they need bigger then they can do another investigation that they want just to have their say on it any further this with one yes. 
So that would be wonderful because, you know, as I go through sort of the 300 line items of position responsibilities amongst our you know, our e DC contractor APR and us, there are different moments in time where NUMA has to play a role.
Speaker 2 | 51:46
So to be trans that and that would be wonderful because, you know, as I told you sort of the 300 line items of decision and responsibilities. 
And lost our you know, our EPC contractor Apr. There are different moments in time where NUMA has to play a role.
Fabian Velez | 52:02
And so it would really be great to sit with them to make sure they understand our business plan and up on board as well.
Speaker 2 | 52:03
And so it would really be great to sit with them to make sure they understand our business plan and that they're wrong one as well. 
So yeah, I think Wednesday morning can be.
Fabian Velez | 52:12
Yeah, I think Wednesday morning could be the Wednesday morning. Yeah.
Speaker 2 | 52:16
Yeah, Wednesday morning.
Fabian Velez | 52:18
The morning is better.
Speaker 2 | 52:18
Yeah. Yeah.
Fabian Velez | 52:21
Yeah. 
Traffic thirty.
Speaker 2 | 52:30
We aren't having seen problems with traffic people or whatever. Yeah, my pretty early seven, I think 8830. Yeah, that'll be fine. Yeah, right, let me tell it right, I'm gonna tell it on the as check, but it looks like.
Fabian Velez | 52:44
Yeah, it's fine.
Speaker 2 | 52:46
Yeah, it's fine.
Fabian Velez | 52:46
I mean, the only thing that we need to check is with Luma, but I think we're gonna go the way.
Speaker 2 | 52:48
I mean, the only thing that we need to check is with Loom. Yeah, but I think we're gonna go and yeah, let's phone.
Fabian Velez | 52:53
Yeah, okay, I'll try to I.
Speaker 2 | 52:58
I try to get new more so we he.
Fabian Velez | 53:10
[Laughter]. 
Scenario page 17 does a nice aerial overview of how this is looking for audience and another jump.
Speaker 2 | 53:30
So we're going to on page 17 give us a nice aerial overview of how this if you looking out and under John he and me yeah I'm through so show them which is existing type line yes.
Fabian Velez | 53:42
Do you want to just maybe yeah and through so show the. 
Yeah. So on page 17, this is kind of a very high level.
Speaker 2 | 53:50
So on page 17.
Fabian Velez | 53:53
I'll show you kind of what?
Speaker 2 | 53:54
This is kind of a very high level. To show you kind of.
Fabian Velez | 53:56
How we were thinking about this.
Speaker 2 | 53:57
What?
Fabian Velez | 53:57
And some of these are a little bit subject to change, but we've got down on the left hand side of the coastal sewer plant, you can see the kind of orange and yellow outlines of the.
Speaker 2 | 53:57
How we were thinking about this and. And some of these are a little bit subject to change, but we've got down on the left hand side of the coast of St. Point you can see the kind of orangeish yellow outlines of the seven generation units, and then there's a built in purple square that's the rectangle that's the interconnection point.
Fabian Velez | 54:10
Of the seven generation units. 
And then there's a filled in purple square. That's the rectangle, that's the interconnection point. And then you have the lines that run to the 115 KV sit yard.
Speaker 2 | 54:20
And then you have the lines that run to the 115k switchyard.
Fabian Velez | 54:23
Now you have the long dark red lines, which are the existing fuel lines that run to the tanks.
Speaker 2 | 54:25
Now you have the long dark red lines, which are the existing fuel lines that run to the tanks.
Fabian Velez | 54:31
We've actually added a third tank to our thoughts here.
Speaker 2 | 54:33
We've actually added a third tank to our thoughts here.
Fabian Velez | 54:38
It's the one directly kind of above the one.
Speaker 2 | 54:40
It's the one directly kind of aboved, though.
Fabian Velez | 54:43
I think it's this one right here, but it's the one directly above the kind of the one across the street.
Speaker 2 | 54:45
It's this one right here, but it's the one directly above the kind of the one across the street.
Fabian Velez | 54:50
And then all of that dark red line is an existing pipeline.
Speaker 2 | 54:52
And then. But all of that dark red line is an existing pipeline.
Fabian Velez | 54:55
The only pipeline that we would add from a fuel perspective is the very short line that comes off of the existing line toward that purple rectangle here.
Speaker 2 | 54:57
The only pipeline that we would add from a fuel perspective is the very short line that comes off of the existing line toward that purple rectangle here.
Fabian Velez | 55:07
So. I mean, it's literally.
Speaker 2 | 55:08
Okay.
Fabian Velez | 55:08
It's like 50m or something like that, but.
Speaker 2 | 55:08
So, I mean, it's literally it's like 50m or something like that. It's. Yeah, that's it.
Fabian Velez | 55:15
So. So that's the only new fuel oil pipeline that needs to be added.
Speaker 2 | 55:16
So. So that's the only new fuel oil pipeline that needs to be added.
Fabian Velez | 55:20
Orda would pop tap their wine so they wouldn't even need to go out of service.
Speaker 2 | 55:22
Borgo would pop half their wine so they wouldn't need a lot of service.
Fabian Velez | 55:25
They would hop poptact their line and install a plan, and then we would just hook up to that and we'd be good to go.
Speaker 2 | 55:27
They would hop tap their line and install a plant. 
And then we would just bug up to that and like, we'd be good to go.
Fabian Velez | 55:32
That would have to be an above ground, just a ten inch state of steel above ground line.
Speaker 2 | 55:34
That would be an above ground, just a ten inch steal above ground on.
Fabian Velez | 55:37
Okay. Yeah, and then we run to the small red sir red.
Speaker 2 | 55:38
Okay. And then the runs the small red sort red my shapes are off my red rectangle that's the fuel boarding skid.
Fabian Velez | 55:40
I don't know, the shapes are off. My the red rectangle that's the fuel for here. So then you have a kind of a light blue line.
Speaker 2 | 55:48
So then you have the kind of the light blue line that's the water line.
Fabian Velez | 55:51
That's the water line. We would basically connect the facility to the water tank.
Speaker 2 | 55:55
We would. We would basically connect the facility to the water tank.
Fabian Velez | 56:00
We may move the water tank.
Speaker 2 | 56:02
We may move the water tank.
Fabian Velez | 56:02
We've identified this other tank here, the one that's Kind of Hard to describe, but this one right here as right at the corner on the corner that's the water tank.
Speaker 2 | 56:04
We've identified this other tank here, the one that's Kind of Hard to describe, but this one right here as an on the corner, and that's as the water tank.
Fabian Velez | 56:18
And we may be able to actually. But we've met with CO and they confirmed that we should be able to run the water pipeline through the middle of their plant.
Speaker 2 | 56:20
And we may be able to actually we've met with Puerto and they confirm that we should be able to run the water pipeline through the middle of their plant.
Fabian Velez | 56:27
So we wouldn't need to kind of make that big.
Speaker 2 | 56:29
So we wouldn't need to kind of make that big sea around the as shorter.
Fabian Velez | 56:30
The big cor. 
But the idea would be. Is that.
Speaker 2 | 56:35
But the idea would be is that then you have the raw water tank down at the bottom, which is the existing BL or Annera tank.
Fabian Velez | 56:36
And then you have the raw water tank down at the bottom, which is the existing Freck or PRA tank. And so you would pump water from that to the green rectangle and which would be the water treatment facility.
Speaker 2 | 56:46
And so you would pump water from that to the green rectangle and which would be the water treatment facility.
Fabian Velez | 56:53
We're gonna move that actually next to the white warehouse.
Speaker 2 | 56:54
We're going to move that actually next to the white warehouse, but it's irrelevant.
Fabian Velez | 56:56
That's irrelevant. And then we would ideally we would go directly into the units from the water treatment.
Speaker 2 | 56:59
And then we would ideally, we would go directly into the units from the water treatment.
Fabian Velez | 57:02
And then we would just have the stored in the water in the tank would just the store it.
Speaker 2 | 57:04
And then we would just have the store and then the water in the tank would just be storage.
Fabian Velez | 57:07
And so.
Speaker 2 | 57:08
And so.
Fabian Velez | 57:09
And then we would, you know, distribute the water to the units there.
Speaker 2 | 57:11
And then we would, you know, distribute the water to the units there.
Fabian Velez | 57:13
So I mean, that's largely the you know, we would deliver fuel oil to the tanks we can move we move fuel oil between the tanks.
Speaker 2 | 57:14
So I mean, that's largely the, you know, we would deliver fuel oil to the tanks. We can move fuel oil between the tanks.
Fabian Velez | 57:23
We would use the existing line to deliver fuel oil to the site and everything will be hooked up right there and run to the switch.
Speaker 2 | 57:25
We would, you know, use the existing line to deliver fuel oil to the site and, you know, everything would be hooked up right there and run in the SW Churney okay.
Fabian Velez | 57:35
Okay. So we think that in the time period that we had we put together, you know, a really comprehensive plan that works.
Speaker 2 | 57:40
But we think that in the you know, in the time period that we had we think we've put together, you know, a really comprehensive plan that works.
Fabian Velez | 57:47
We have worked extensively with a number of engineering companies and work extensively with APR.
Speaker 2 | 57:49
We have worked extensively with a number of engineering companies. We working ssibly with APR.
Fabian Velez | 57:54
You know, we. We really try to think through every aspect of this project and how can we make this real?
Speaker 2 | 57:56
You know, we really try to think through every aspect of this project. And how can we make this real?
Fabian Velez | 58:03
And we don't want to leave anything out of left uncertain that, we'll just figure that out later.
Speaker 2 | 58:04
And we don't want to leave anything kind of less uncertain, you know?
Fabian Velez | 58:08
Or we really went into this with, like we're going to present it fully, you know, you guys asked for, you know, a fully wrapped, fully baked idea.
Speaker 2 | 58:09
Let's just figure that out later. Or, you know, we really went into this with like we're going to representing fully, you know, you guys asked for you a fully wrapped, fully baked idea, and we took that very seriously.
Fabian Velez | 58:18
Yeah, and we took that very seriously. We took it to heart and we think that that's what we deliver here.
Speaker 2 | 58:22
We took it to art and we think that's what we've delivered here.
Fabian Velez | 58:24
Yeah, and that's one of the reasons we're here because that's.
Speaker 2 | 58:26
Yeah, and that's not the reason. Curious. That's not I was part of the team that checked off all the compliance for the RP and the posts.
Fabian Velez | 58:31
I was part of the team that tackled all the compliance for the RP and the proposals. 
And I got to say your proposal was one of the most complete ones.
Speaker 2 | 58:42
And as I say your proposal was all complete ones and it over all the aspects obviously on the time line that we have.
Fabian Velez | 58:46
You know that you hit almost all of the assets that we obviously on the timeline that we have we know it's a short timeline.
Speaker 2 | 58:56
We know it's a short timeline.
Fabian Velez | 58:56
We asked a big endeavor and all delivered perfectly.
Speaker 2 | 58:58
Has a big endeavor. 
I will be deliver perfectly.
Fabian Velez | 59:02
From my point of view, that's why we're sitting down.
Speaker 2 | 59:04
From my point of view. My probably take out and in the and like the hos we like the I we understand that there's different aspects of what's being intervals and very sort of aspect.
Fabian Velez | 59:06
And we like the proposal, we like the idea. It's a we understand that the there's certain aspects of poor they're difficult and there's certain aspects of I read that are a lot more difficult specifically on tel side.
Speaker 2 | 59:25
So I need a lot more kids specifically on Fel for sure.
Fabian Velez | 59:32
I know that's why I know that's mainly the reason that you guys didn't present your proposal for any rate.
Speaker 2 | 59:34
Sure. I mean, I know that's why I know that's mainly the reason that you guys didn't present your proposal for AI know it was the fuel.
Fabian Velez | 59:39
I know it was the fuel that's as complicated. The fuel was complicated. And then the transmission was in the transmission was complicated there for us, we thought the we.
Speaker 2 | 59:44
The fuel was stocated and then the. The transmission was 
Yeah, the transmission was complicated there for us to be taught the we.
Fabian Velez | 59:53
You know, not only did we scour the Earth for generating equipment, we scoured the Earth for transmission equipment.
Speaker 2 | 59:55
You know, not only did we scour the Earth for generating equipment, we scoured the Earth for transmission equipment and for generating seven transformers.
Fabian Velez | 01:00:00
And we're generating setup transforers. And we were really struggling on the 02:30 side.
Speaker 2 | 01:00:04
And we were really struggling on the payment side.
Fabian Velez | 01:00:06
And. And so but the one we came you know, we were able to.
Speaker 2 | 01:00:09
And so. But 115 we were able to make that work.
Fabian Velez | 01:00:11
Yeah, and of course, it doesn't have a lot on the market, right?
Speaker 2 | 01:00:14
And here it doesn't have a lot of the market right?
Fabian Velez | 01:00:18
But it was what we were presented with.
Speaker 2 | 01:00:18
And but it was lower and lower percentedly.
Fabian Velez | 01:00:21
So here we are, right, here we are.
Speaker 2 | 01:00:23
So here we are, right?
Fabian Velez | 01:00:23
Yeah, we did the best we could, of course, no at all.
Speaker 2 | 01:00:25
Here we are. 
You know, we did the best that we could, of course, never worse.
Fabian Velez | 01:00:26
Of course, either. You know, eighteen is just kind of a close up of the one.
Speaker 2 | 01:00:31
You know, eighteen's just kind of a close up of the other one, so.
Fabian Velez | 01:00:32
So, yeah, I looked at your proposal for like four days.
Speaker 2 | 01:00:35
Yeah, and then look at your proposal for like four days breaks.
Fabian Velez | 01:00:41
[Laughter] I worked on it for a lot more than two.
Speaker 2 | 01:00:45
I worked on it for a lot more than there's things that you think would make more sense that.
Fabian Velez | 01:00:45
[Laughter] There's no part of [Laughter] that question. There's things that you think would make more sense. 
Please let us know. And let's wait until, we got the plan because it's some it's gonna be different.
Speaker 2 | 01:01:00
Please let us know. Let's wait. Let's wait until we know that this is it's gonna be different.
Fabian Velez | 01:01:07
What I say or from a point of view of how we look at the proposals and how you know what BPA is asking from us that what genera and MA are going to say on the on site obviously as genera as the owners of the plant of the operators of the plant.
Speaker 2 | 01:01:09
What I say from a point of view of how we look at it, both of us and how. And went on what BA is asking from us that what genera and going to say on what else. Obviously it's genera of the owners of the planet of the operators of the plant.
Fabian Velez | 01:01:26
Owners as the operators of the plant and Luma as operators of the.
Speaker 2 | 01:01:28
Owners the operators of the plant and the operators of the translations lines.
Fabian Velez | 01:01:33
So if anything will change rather than what we talked about, you know, having more.
Speaker 2 | 01:01:35
So if anything will change rather than what we talked about, not add more business on their perspective.
Fabian Velez | 01:01:41
It's going to be on their perspective. So we'll see what they say on that.
Speaker 2 | 01:01:46
So we'll see what they say on that.
Fabian Velez | 01:01:49
Okay. So. I got AA couple of questions.
Speaker 2 | 01:01:51
Okay. So.
Fabian Velez | 01:01:52
So if you.
Speaker 2 | 01:01:52
I got AA couple of questions, Mark, that's all. I've been there, I thought you don't want me explain the signal I da okay, very good.
Fabian Velez | 01:02:03
They're very good. Okay, so just to give a quick recap.
Speaker 2 | 01:02:08
Okay, so just to just give a quick recap.
Fabian Velez | 01:02:11
I know your timeline changed because our timeline takes.
Speaker 2 | 01:02:13
I know your timeline changed because our time the case, but still your time.
Fabian Velez | 01:02:15
But still your timeline States. Let's say I think it was two months for the first 50.
Speaker 2 | 01:02:19
I says let's say I think it was two months for the first 50.
Fabian Velez | 01:02:25
We think we could do the first 60 days.
Speaker 2 | 01:02:26
That's right. So we think we could do first 60 days two generators in that and then around another model to get the remainders two two of the 2052 of the p whits whit be first.
Fabian Velez | 01:02:30
Two generators to connect. 
And then around another month to get the remainders. Okay. Yeah, so 222 of the 2052 of the frido eats would be first. Yeah, so the two of those would it in 60 days and then gave the 30 and 30 days.
Speaker 2 | 01:02:44
Yeah. So the two of those that in sixty days but okay, thirty one thirty days.
Fabian Velez | 01:02:52
Yeah, the initial hurdle is gonna be the hardest, you know, go the lines and get the transmission and get the water lines.
Speaker 2 | 01:02:54
Yeah, the initial hurdle, it's gonna be the hardest. You know, go the lines and the transmission and get bre lines and right is you're going to bed.
Fabian Velez | 01:03:00
And we're obviously we're going to build those the fuel supply lines and the water lines are going to be sized for the entire facility.
Speaker 2 | 01:03:05
We're gonna. I'm saying we're gonna build those fuel supply lines and the water lines are going to be sized for the entire facility.
Fabian Velez | 01:03:11
And so the transmission switch are we?
Speaker 2 | 01:03:13
And so the transmission sitchar, we were so working through the transformers with LA little bit.
Fabian Velez | 01:03:14
We're still working through the transformers a little bit, but it's either going to be two or three.
Speaker 2 | 01:03:19
But it's either going to be two to three.
Fabian Velez | 01:03:19
And so. But we'll be able to hook up. You only have to have one of them fully hooked up for the first two units and then the others will be, you know, layered in right after that.
Speaker 2 | 01:03:21
And so but we'll be able to hook up. You only have to have one of them fully hooked up for the first two units, and then the others would be, you know, layered right after that.
Fabian Velez | 01:03:28
So. But largely, the facility has to kind of be done for the first units, and then we'll just kind of commission the units on schedule following that.
Speaker 2 | 01:03:30
So. But largely silly has to got to be done for the first unit. And then we'll just kind of commission for the units on schedule fall.
Fabian Velez | 01:03:37
Okay. So exactly the facility we will be done approximately in sixty days, correct?
Speaker 2 | 01:03:39
Okay. So that the facility will be approximately and sixty day for.
Fabian Velez | 01:03:56
Okay, so another thing that needs to be stated in the proposal you will stated in advance on 50% was it of the installation or amortization?
Speaker 2 | 01:03:59
Okay. So another thing that needs to be stated in the proposal to do a data and advance on 50% off of the installation or amortization question.
Fabian Velez | 01:04:14
Good question. I think, for us, the key was getting in advance for the mobilization of the VAL plant that we have to build in those sixty days.
Speaker 2 | 01:04:17
I think, for us, the key was getting an advance for the mobilization and the balance plan that would have been built in this.
Fabian Velez | 01:04:28
And I think that comes around to roughly thirty thirty 5 million dollars.
Speaker 2 | 01:04:30
And I think that comes around to roughly 3030 5 million $.
Fabian Velez | 01:04:36
Okay, so are we gonna start discussing the content?
Speaker 3 | 01:04:39
So we going to start discussing bett terms?
Fabian Velez | 01:04:40
Sure. Okay, so and then Mr Santa, I want to make sure that all of my lawyers are awake [Laughter] and Mr Santa.
Speaker 2 | 01:04:42
Sure.
Speaker 3 | 01:04:44
Okay, so and then, Mr Sam, I want to make sure that all of my owners are awake.
Fabian Velez | 01:04:53
[Laughter] Okay, wonderful sense.
Speaker 3 | 01:04:53
And Mr Sandback.
Speaker 4 | 01:04:57
Yes, we are, I am.
Fabian Velez | 01:04:57
[Laughter] Do I have the centeras and S available?
Speaker 3 | 01:05:02
So I have some idea and vis available so I make sure everybody is.
Fabian Velez | 01:05:03
We're gonna start discussing contact terms. To make sure everybody is in.
Speaker 3 | 01:05:10
Yes.
Speaker 2 | 01:05:10
Yeah, I'm here, I'm okay.
Fabian Velez | 01:05:11
Fantastic. 
Okay. I mean, I should just say Miro has been our primary outside counsel on the EPA, and so he will likely look for him to participate in this.
Speaker 2 | 01:05:15
Yeah, I mean I should just say Regful. So Mark States from MCGRIE Woods on Mark has been our primary outside counsel on the EPA and so he will likely look for himicipate in this part as well.
Fabian Velez | 01:05:28
Parcele. Hello, Miro.
Speaker 2 | 01:05:31
Hello, Mark Mike there.
Fabian Velez | 01:05:35
Okay, well, I would just want to say that the reposo was amazing.
Speaker 3 | 01:05:37
Okay, well, I would just want to say that the ASA was amazing, that as was incredible, the timeline was fantastic, and obviously will cost pricing and concept, right?
Fabian Velez | 01:05:40
The reposo was incredible. The timeline looks fantastic, and obviously, we're here to discuss pricing and concept, right? 
So that's gonna be the. The end of it all.
Speaker 3 | 01:05:51
So that's going to be the end of it all.
Fabian Velez | 01:05:52
So, when we.
Speaker 3 | 01:05:54
So.
Fabian Velez | 01:05:55
When we share. When we did the evaluation, we did not assign any we did not, eliminate or rest any points on the contract for any marks because we believe that due to the critical issue that we're confronting, we didn't want to SE away any possible components, right?
Speaker 3 | 01:05:56
When we. When we said when did the evaluation, we did not assign any it is not we would eliminate or rest any points on the contracts or any markups because we believe that due to the critical issue that we're confronting. You didn't want to strew away any possible performance, right?
Fabian Velez | 01:06:15
So, other components that were considered didn't have any markups on the contract, right?
Speaker 3 | 01:06:17
So, other performance that were on CR it didn't have any markups on the right.
Fabian Velez | 01:06:24
We're still negotiating the contracts with other performers, but.
Speaker 3 | 01:06:26
We're still negotiating the pubst with other bos but.
Fabian Velez | 01:06:28
So when we received yours, it was very it had a lot of Miro.
Speaker 3 | 01:06:30
And so when we see yours it was very.
Fabian Velez | 01:06:33
So it raised a lot of concerns with the with inside Rev and outside counsel.
Speaker 3 | 01:06:33
It made a lot of Mark. So it raised a lot of concerns with the with inside and outside counsel.
Fabian Velez | 01:06:38
So obviously, it's not what [Laughter] it was colorful, but ultimately, what we definitely want to make sure that we can reach some contract terms and see what those risks look like to you and how that somehow manifests.
Speaker 3 | 01:06:40
So obviously, it was. But ultimately, what we definitely wanted to make sure that we can reach some contract terms and see what those risks look like to you and how that somehow manifests in the pricing.
Fabian Velez | 01:07:00
And the cris. So I don't know if you want to start.
Speaker 3 | 01:07:04
So, I don't know if you want to start.
Fabian Velez | 01:07:05
I do have a list of the things that at least in the 3 pPO and other consultants we have identified the main markups that are right now at hand.
Speaker 3 | 01:07:07
I do have a list of the things that at least in THEPO and other consultants we have identified as the main markups that are right now at hand.
Fabian Velez | 01:07:15
Andi, would you like me to start with those and see if we can have a discussion or would you like to follow a different path?
Speaker 3 | 01:07:18
Andy, would you like me to start with those and see if we can have a discussion, or would you like to follow a different path?
Fabian Velez | 01:07:26
May start and I want to address first and I just wanted to make very clear that if you look at Prepa track record and let's focus only on bankruptcy.
Speaker 4 | 01:07:26
So you may start. But I wanted to. I wanted to, you know, address the elephant in the room here. I still remember your first footnote, right? And I just wanted to make very clear that if you look at Prepa's track record and. 
And let's focus only on bankruptcy.
Fabian Velez | 01:07:52
Beginning of bankruptcy to this day we always comply with all of our obligations to our producers be renewables, our base flow our producers like collect PIA and as we never let anyone hanging out to drive there in part of what's going on.
Speaker 4 | 01:07:53
Beginning of bankruptcy. To this day, we've always complied with all of our obligations to power producers, be it renewables, be it our baseload power produc like Ecoleptica and AES. We've never, left anyone hanging out to dry. There is concern on your part, of course, of what's going on and what you see publicly with Loom and Heneta, but that is a whole different story.
Fabian Velez | 01:08:25
What you see with that is a whole different story. Either Orda can say that he has never has not been paid.
Speaker 4 | 01:08:34
Neither Luman or Heneta can say that their fee has never has not been paid.
Fabian Velez | 01:08:38
We've always paid their fee on time.
Speaker 4 | 01:08:40
We've always paid their fee on time.
Fabian Velez | 01:08:42
Now the relenching of the service accounts, which I acknowledge is a contractual obligation on.
Speaker 4 | 01:08:44
Now the replenishing of their service accounts, which I acknowledge is a contractual obligation of Prepa, that's a whole other story.
Fabian Velez | 01:08:51
That's a whole other story because you more than anybody knows that's only income is from its revenue and obligation to collect the debt to file re made a request for federal funding, which they're way behind on that.
Speaker 4 | 01:08:55
Because Loom, more than anybody, knows that Prepa only income is from its revenues. And you know, ironically, it's Loom who has the obligation to collect the debt to file correctly all the reimbursement requests for federal funding, which they're way behind on that.
Fabian Velez | 01:09:26
I know you've seen probably at the same time from BRE has gotten $1.3 billion in federal reimbursements versus 240.
Speaker 4 | 01:09:28
I know you've seen publicly that in the same time frame, Prepa has gotten 1.3 billion dollars in federal reimbursements versus about 240.
Fabian Velez | 01:09:39
Something that NUMA has done in the same time frame and that has forced BREA to take its federal funding.
Speaker 4 | 01:09:41
Something that MA has gotten in the same time frame, and that has forced Prepa to take its federal funding and deposit it in Loom service accounts.
Fabian Velez | 01:09:53
And the posited in DU must service accounts. But it's responsibility to GA the revenue, and that's where the latest of the service accounts comes from.
Speaker 4 | 01:10:00
But it's Luma's responsibility to gather the revenue. And that's where Annetta's replenishing of the service accounts comes from.
Fabian Velez | 01:10:09
So that's a problem, but it should serve as a great example for you.
Speaker 4 | 01:10:11
So that's a problem we have with our private operator. But it should serve as a great example for you.
Fabian Velez | 01:10:20
The fact that our other obligations with our business partners, as we like to call them, our suppliers have always.
Speaker 4 | 01:10:22
The fact that our other obligations with our business partners, as we like to call them, our suppliers have always.
Fabian Velez | 01:10:34
Nobody can say that we missed those.
Speaker 4 | 01:10:36
Nobody can say that we've missed those.
Fabian Velez | 01:10:37
So I should give you some sort of assurance in terms of what we have in mind.
Speaker 4 | 01:10:39
So that should give you some sort of assurance in terms of what we have in mind.
Fabian Velez | 01:10:43
Obviously, the generation that you can provide for our emerency is more than welcome.
Speaker 4 | 01:10:45
Obviously, your the generation that you can provide for our emergency is more than welcome.
Fabian Velez | 01:10:56
It's more than union.
Speaker 4 | 01:10:58
It's more than needed.
Fabian Velez | 01:10:59
It will provide the opportunity take out some of those units which whose maintenance or repairs have had to be postponed because of the INF generation that it give them the chance to provide it.
Speaker 4 | 01:11:01
It will provide Genera the opportunity to take some of those units which whose maintenance or repairs have had to be postponed because of the need for generation. That will give them the chance to provide it.
Fabian Velez | 01:11:21
So we're looking at continued generation for at least a year.
Speaker 4 | 01:11:23
So we're looking at continuous continued generation for at least a year.
Fabian Velez | 01:11:29
And having said that, my concerns and our team's concern is all that to the contract and you know, in some points we don't see.
Speaker 4 | 01:11:31
And having said that, you know, my concerns and our team's concern is all the edits that you did to the contract. And that's, you know, in some points, we almost feel like you're changing the business model, right?
Fabian Velez | 01:11:49
So I would urge you to take another look at those and ifly to come back to us with the integral version of it.
Speaker 4 | 01:11:51
So I would urge you to take another look at those and feel free to come back to us with maybe a more integral version of it.
Fabian Velez | 01:12:09
So I appreciate the comments, but of course, if it's our first bullet point, I'm on the agreement.
Speaker 4 | 01:12:11
So Mariela, you can continue.
Speaker 2 | 01:12:17
So we appreciate the call. And of course, it's our first bullet point on the agreement that I we know, the how we can sort of design this with the size of lo other of credits that we need to be more constructive.
Fabian Velez | 01:12:22
And I we know the, how you sort of design this with a sizable number of credits. Then we need to do more constructly. 
And we're I think it's probably the most important conversation to have to better understand what's realistic from my perspective, I'm very well aware of the points that you said and the commitment that Crapa has had to its.
Speaker 2 | 01:12:40
And we're I think it's probably the most important conversation to better understand what weistic from my perspective, I'm very well aware of the points that I'm saying and the commitment that Tapa has had to its PPOS.
Fabian Velez | 01:13:05
PPS but as a new person coming into Puerto Rico, it is very complicated or complicated for us to understand the credit situation.
Speaker 2 | 01:13:10
But as a new person coming into Puerto Rico, it is very complicated or complicating for us to understand the credit situation.
Fabian Velez | 01:13:22
I think for anyone on that matter.
Speaker 2 | 01:13:24
I think for anyone of that matter.
Fabian Velez | 01:13:25
And the bankruptcy process, it's complex.
Speaker 2 | 01:13:28
And theruptcy process is complex.
Fabian Velez | 01:13:31
Title 3 is very complex.
Speaker 2 | 01:13:34
Title three is very complex.
Fabian Velez | 01:13:36
The fight over how much in administrative claims there are within the bankruptcy is very complex and concerning.
Speaker 2 | 01:13:38
The fight over how much indministrative claims there are within the bankruptcy is very complex and concerning.
Fabian Velez | 01:13:48
Unfortunately, we know some of the distressed credit investors who are playing games with Prepa, and they're not very friendly people.
Speaker 2 | 01:13:51
Unfortunately, we know some of the distressed credit investors who are playing games with Prepa, and they're not very friendly people.
Fabian Velez | 01:14:00
And so you know we are you know that we know we don't know.
Speaker 2 | 01:14:03
And so we are that we know what we don't know.
Fabian Velez | 01:14:09
And those distressed company investors know a lot more than we do or can ever figure out, and they make me very nervous.
Speaker 2 | 01:14:12
And that was the stress. Investors know a lot more than we do or can ever figure out, and they make me very nervous.
Fabian Velez | 01:14:23
We did appreciate the level from Akura.
Speaker 2 | 01:14:25
We did appreciate the memo from Ankuro.
Fabian Velez | 01:14:28
I think at a very high level, we understood it.
Speaker 2 | 01:14:30
I think it up a very high level.
Fabian Velez | 01:14:32
And what we thought the idea of having the administrative claim.
Speaker 2 | 01:14:33
We understood. And it's what we thought the idea of having an administrative plan.
Fabian Velez | 01:14:38
But I think emper I mentioned a super priority administrative plan.
Speaker 2 | 01:14:40
But I think Brea mentioned a super priority of administrative claim.
Fabian Velez | 01:14:46
But still we didn't really know who we be part to sue with.
Speaker 2 | 01:14:49
But still we didn't really know who we'd be partners with.
Fabian Velez | 01:14:50
And at the end of the day, the bankruptcy's already gone on for eight years or so.
Speaker 2 | 01:14:52
And at the end of the day, you know, the bank, it's already gone on for eight years or so.
Fabian Velez | 01:14:59
And, you know, there title three is a complicated process, and we have no idea how much longer that process is going to go on for.
Speaker 2 | 01:15:01
And you know, there I three is a complicated process. And then we have no idea how much longer that process is going to go.
Fabian Velez | 01:15:09
And if anything ever were to happen between Santa and Prepa.
Speaker 2 | 01:15:10
Well form. And if anything ever were to happen between us and. And frankly, I just.
Fabian Velez | 01:15:16
Frankly. I just I can't sit around and wait for a resolution of title three because all of my vendors and I taker pays that I'm going to need to pay are hundreds of millions of dollars and I have to pay that out real time and to sit there and wait it just it's not possible for me to do that.
Speaker 2 | 01:15:19
I can't sit around and wait for a resolution in title three because all of my vendors and my taper pays that I'm going to need to pay are hundreds of millions of dollars and I have to pay that out real time and just sit there and wait. 
It's just it's not possible for me to do that.
Fabian Velez | 01:15:39
We I think, you know, like you said and we know there is a I'm sure there's a very credible and useful story behind all the color between Prepa and Vanera, and the counts not being replenished.
Speaker 2 | 01:15:41
We I think now like we said and we know there is a I'm sure there's a very credible and reasonable story behind all the color between Prepa and Minea and the accounts not being replenished.
Fabian Velez | 01:15:59
Prepa and Luma and the discussions of contract termination.
Speaker 2 | 01:16:01
Prepa and MA and the discussions of contract termination, you know, TA and NF and some of the disputes going on there.
Fabian Velez | 01:16:07
You know, Prepa and NE and some of the disputes going on there. And you may be right or Preper may be right in all those instances, but it is a very complicated situation for somebody new to get involved with.
Speaker 2 | 01:16:16
And you may be right or CA may be right in all those instances, but it is a very complicated situation for somebody new to get involved with.
Fabian Velez | 01:16:24
And unlike NFP with Vanera, they are not making any investments.
Speaker 2 | 01:16:26
And unlike NFE with Tenneo, they are not making any investment.
Fabian Velez | 01:16:32
They're not agreeing upfront to make very large take or pay commitments.
Speaker 2 | 01:16:34
They're not agreeing upfront to make very large take or pay commitments.
Fabian Velez | 01:16:37
And I know that this is a short term deal, but it's a short term deal that requires very significant credit exposure for my firm.
Speaker 2 | 01:16:40
And I know that this is a short term deal, but it's a short term deal that requires very significant credit exposure for my firm.
Fabian Velez | 01:16:50
And so we're in a worse position than the fortress was going into an era.
Speaker 2 | 01:16:52
And so we're in a worse position than the fortress was going into an era.
Fabian Velez | 01:16:57
It really wasn't much credit risk.
Speaker 2 | 01:17:00
It really wasn't much for the risk.
Fabian Velez | 01:17:00
Or in the case of the fuel supply contracts, it's maybe one delivery of delivered unpaid.
Speaker 2 | 01:17:02
Or in the case of the fuel supply contracts, it's maybe one delivery of delivered unpaid.
Fabian Velez | 01:17:06
That's a small amount of money.
Speaker 2 | 01:17:09
That's a small amount of money.
Fabian Velez | 01:17:10
And I don't know enough about Luma and the capital investments that they had to make.
Speaker 2 | 01:17:12
And I don't know enough about Loom and the capital investments they have been made.
Fabian Velez | 01:17:14
But it. I'm sure you could appreciate it's an uncomfortable position.
Speaker 2 | 01:17:17
But it is I'm sure you can appreciate it's an uncomfortable position.
Fabian Velez | 01:17:20
And then as you know, someone who is, you know, sensitive, particularly on the fuel supply side.
Speaker 2 | 01:17:23
And then as you know, someone who is, you know, sensitive, particularly on the fuel supply side.
Fabian Velez | 01:17:29
I don't know what happened between. 
And ELL back eight years ago.
Speaker 2 | 01:17:32
I don't know what happened between. 
And Vitall back eight years ago, but there was no performance.
Fabian Velez | 01:17:34
But there was no performance. And beta is a significant creditor in the process in the pre bankruptcy process.
Speaker 2 | 01:17:39
And Utah is a significant creditor in the process in the bankruptcy process, and they're owed a lot of money for a broken contract.
Fabian Velez | 01:17:45
And they're owed a lot of money for a broken contract. And again. 
Maybe he's right.
Speaker 2 | 01:17:51
And, yeah, maybe it's right, maybe it's wrong, I don't know.
Fabian Velez | 01:17:52
Maybe he's wrong. I don't know. But it's complicated for someone in my position to take on that risk.
Speaker 2 | 01:17:56
But it's complicated for someone in my position to take all that risk.
Fabian Velez | 01:18:00
So I don't think anyone in this room is going to say we're unreasonable.
Speaker 2 | 01:18:03
So I don't think anyone in this room is.
Fabian Velez | 01:18:05
This was your own balance sheet.
Speaker 2 | 01:18:06
I say we're unreasonable.
Fabian Velez | 01:18:06
You would think the same.
Speaker 2 | 01:18:08
This was your own balance sheet that you would think the same.
Fabian Velez | 01:18:08
But I do definitely recognize we have to have a constructive solution.
Speaker 2 | 01:18:10
But I do definitely recognize we have to have a constructive solution.
Fabian Velez | 01:18:15
And, what I really need to know from you guys to think about this constructively is I don't know what constraints you have.
Speaker 2 | 01:18:17
And what I really need to know from you guys to think about this constructively is I don't know what constraints you have, right?
Fabian Velez | 01:18:27
Right? 
So let's just take an example.
Speaker 2 | 01:18:30
So let's just take an example.
Fabian Velez | 01:18:31
You know, if you could get a Commonwealth guarantee that changes the risk profile a lot.
Speaker 2 | 01:18:34
You know if you could get an block guarantee that changes nor profile a lot.
Fabian Velez | 01:18:39
If you beget a FEMA guarantee that changes the risk profile a lot.
Speaker 2 | 01:18:42
If you could get a female guarantee that changes the risk profile.
Fabian Velez | 01:18:45
If you know the size of the LCS, that compose changes the puzzle.
Speaker 2 | 01:18:46
But if you know the size of the LCS that proposed changes the puzzle.
Fabian Velez | 01:18:52
If you can make deposits, call one advances deposits.
Speaker 2 | 01:18:54
If you can make deposits all what you want advances posits.
Fabian Velez | 01:19:00
So I wasn't supposed to say the keyword, then it changes the puzzle.
Speaker 2 | 01:19:02
I was that wasn't just say the key part. Then it changes the puzzle.
Fabian Velez | 01:19:10
So. You know.
Speaker 2 | 01:19:12
So, you know, I'm here to come up with a constructive solution.
Fabian Velez | 01:19:13
I'm here to come up with a constructive solution. I know that what we put in this, to be frank, was just short of time and we're running.
Speaker 2 | 01:19:19
I know that what we put in this, to be frank, was just short of time and we're running.
Fabian Velez | 01:19:24
So we just wanted everything to be covered and not have to think about it.
Speaker 2 | 01:19:27
So I just wanted everything to be covered and not have to think about it.
Fabian Velez | 01:19:28
But I don't know how to get to a solution until I know what's available and we know.
Speaker 2 | 01:19:30
But I don't know how to get to a solution until I know what's available.
Fabian Velez | 01:19:33
All I would say is that I'm pragmatic.
Speaker 2 | 01:19:34
And, you know, all I would say is that I'm pragmatic.
Fabian Velez | 01:19:36
I'm not looking for this to necessarily be, you know, AA a investment grade, but I do need some recognition that this is a very significant take or pay for me.
Speaker 2 | 01:19:39
I'm not looking for this to necessarily be, you know, AA a investment grade, but I do need some recognition that this is a very significant take or pay for me.
Fabian Velez | 01:19:49
With all my vendors, nobody wants to hear the story about Prepa.
Speaker 2 | 01:19:51
With all my vendors, nobody wants to hear the story about up.
Fabian Velez | 01:19:53
I'm wrapping all of that risk, and it's too much for me to take on.
Speaker 2 | 01:19:56
I'm wrapping all of that risk and it's too much for me to take on, but I am willing to take on some risks.
Fabian Velez | 01:19:58
But I am willing to take on some risks. So I really do need to know from you what's available.
Speaker 2 | 01:20:04
So I really do need to know from you what's available.
Fabian Velez | 01:20:05
And I'm willing to be normal and thoughtful and constructive.
Speaker 2 | 01:20:07
And I'm willing to be normal and thoughtful and constructive, but I do need to work with you on this.
Fabian Velez | 01:20:11
But I do need to work with you on this. And I need to know what guidance you can move up and that.
Speaker 2 | 01:20:17
And I need to know what dials you can move up in.
Fabian Velez | 01:20:18
Okay?
Speaker 4 | 01:20:24
I appreciate your.
Fabian Velez | 01:20:24
And I have to tell you that I do understand where you're coming from.
Speaker 4 | 01:20:25
Your honesty. And I have to tell you that I do understand where you're coming from.
Fabian Velez | 01:20:29
I don't know. That I would something different if I was in your shoes.
Speaker 4 | 01:20:31
I don't know that. That I would be saying something different if I was in your shoes.
Fabian Velez | 01:20:37
So we'll have to. We'll have to take a good hard look at it again and get back to you as soon as possible.
Speaker 4 | 01:20:39
So we'll have to. We'll have to take a good, hard look at it again. Get back to you as soon as possible.
Fabian Velez | 01:20:48
Unfortunately, our team is very small, and we're handling all of matters at the same time.
Speaker 4 | 01:20:50
Unfortunately, our. Our team is very small and we're handling a lot of matters at the same time.
Fabian Velez | 01:20:56
That's why we have. That's why we have outside counsel, because we would never be able to do it with our internal resources.
Speaker 4 | 01:20:59
That's why we have three PPO that's why we have outside counsel. Because we would never be able to do it with our internal resources.
Fabian Velez | 01:21:08
But we do have a commitment to get this thing rolling.
Speaker 4 | 01:21:10
But we do have a commitment to get this thing rolling and we will if you do the homework as we will and please look at it, you know, in terms of.
Fabian Velez | 01:21:12
And we will into the homework as we will. 
And please look at. I think we should get back to you on what we would be wining and not willing to aday.
Speaker 4 | 01:21:28
Well, I think we should back to you on what we would be willing and not willing to accommodate.
Fabian Velez | 01:21:33
That makes more sense. I guess that it would be your final indication whether we are willing to go with it or not.
Speaker 4 | 01:21:36
That makes more sense, I guess. And it would be your final decision whether you're willing to go with it or not.
Fabian Velez | 01:21:43
So homework on CBM and hopefully we did work a deal.
Speaker 4 | 01:21:46
So we'll do the homework, we'll meet with the pre PO team again, and hopefully we can work a deal that's beneficial for everybody.
Fabian Velez | 01:21:52
That's beneficial work perfect. And we. Now I just want to stress, I'm not looking for perfection, but something reasonable, constructive.
Speaker 2 | 01:21:58
And, you know, I just want to stress I'm. I'm not looking for perfection, but something reasonable, constructive.
Fabian Velez | 01:22:07
And if you were in my shoes and just a note, this is a very old issue.
Speaker 2 | 01:22:10
And if you were in my shoes, what would you do?
Speaker 4 | 01:22:15
And just a note on the Betal issue, which is a very old issue.
Fabian Velez | 01:22:21
There was a long past in Puzoinco.
Speaker 4 | 01:22:23
There was a law passed in Puerto Rico at some point in I think it was early.
Fabian Velez | 01:22:24
At some point. 
I think it was early. It was not. It should have been the year 2000 with the incoming governor that said that could not do business with any entity which have been convicted or accused of corruption and all different at that time.
Speaker 4 | 01:22:33
It was either. It should have been around the year 2000 with the incoming governor. That said that no, the government of Puerto Rico could not do business with any entity which had been convicted or accused of corruption. A whole list of different crimes.
Fabian Velez | 01:23:02
And it was part of the two game games that everyone made and every company has to come three prior to doing and signing a contract with the government.
Speaker 4 | 01:23:03
At that time. 
And it was part of the due diligence that everyone made and every company had to come clean prior to doing business and signing any contract with the government of Puerto Rico.
Fabian Velez | 01:23:19
And in the Closet.
Speaker 4 | 01:23:22
And we told had the their skeletons in the closet and those came out later.
Fabian Velez | 01:23:25
And those came out later. And that's what prompted the whole thing.
Speaker 4 | 01:23:29
And that's what prompted the whole thing.
Fabian Velez | 01:23:30
It was more of a legal issue that I can'taign because I don't have the money issue.
Speaker 4 | 01:23:33
It was more of a legal issue other than I can't pay because I don't have the money issue.
Fabian Velez | 01:23:38
Obviously, there were two sides, and there were interpretations of the law on both sides.
Speaker 4 | 01:23:40
Obviously, there were two sides, there were interpretations of the law on boths, but that's the genesis of it all.
Fabian Velez | 01:23:44
But that's the genesis of it all. So thank you for your time and your effort.
Speaker 4 | 01:23:51
So thank you. Thank you for your time and your effort.
Fabian Velez | 01:23:53
We'll get, you know, we'll get to work on this as soon as we finish the meeting and we'll get back to you.
Speaker 4 | 01:23:55
We'll get. We'll get to work on this as soon as we finish the meeting and we'll get back to you.
Fabian Velez | 01:24:02
But me with what? Marana was about to surely down.
Speaker 4 | 01:24:05
But please continue with what Mariela was about to explain now.
Fabian Velez | 01:24:10
Thank you. 
So what I have here is a list of the comments that were submitted on the contract.
Speaker 3 | 01:24:13
Thank you. So what I have here is a list of the comments that were submitted on the contract.
Fabian Velez | 01:24:17
Each comment, it's eleven pages. So I'm. 
I'm a little confused on whether we're gonna behind the scenes work.
Speaker 3 | 01:24:22
So I'm not a little confused on whether we're gonna behind the scenes for as rear and that where we're gonna bring them all one by one and discuss them here.
Fabian Velez | 01:24:26
Convinced Mr Sa. Or are we gonna bring them up one by one and discuss them here? 
I think it would make more sense that we work separately on it and then after we had the chance to revisit it, then go back and discuss it with everybody here.
Speaker 4 | 01:24:36
I think. I think it would make more sense that we can work separately on it and then after we've had the chance to revisit it, then come back and get together and discuss it with everybody here.
Fabian Velez | 01:24:54
Okay? Okay. Well, and then we'll thank you then.
Speaker 3 | 01:24:57
Okay?
Fabian Velez | 01:24:58
Well, I think from our side.
Speaker 3 | 01:24:58
Well, okay. Well, thank you, then.
Speaker 2 | 01:25:01
Well, from SDE, whatever.
Fabian Velez | 01:25:03
Whatever coming. We're ready to go through.
Speaker 2 | 01:25:06
Timing means we're ready to go the RO.
Fabian Velez | 01:25:11
For me, what I'm concerned about is as this delays, we're getting closer and closer to hurricane season.
Speaker 2 | 01:25:14
For me, what I'm concerned about is as these delays, we're getting closer and closer to hurricane season.
Fabian Velez | 01:25:20
Yes, and that's my frankly, that's my biggest concern right now.
Speaker 2 | 01:25:23
Yes, and that's my frankly, that's my biggest concern right now.
Fabian Velez | 01:25:27
We want to deliver this project right for the heartbeat season.
Speaker 2 | 01:25:30
We want to deliver this project by for the hurricane season.
Fabian Velez | 01:25:31
I live here too, right?
Speaker 2 | 01:25:34
I live here too.
Fabian Velez | 01:25:35
And so whatever time you need, whether now or tomorrow, we have to go all night to go through all these legal comments.
Speaker 2 | 01:25:38
And so whatever time you need, whether now or tomorrow, you have to go all night to go through all these legal comments.
Fabian Velez | 01:25:45
Happy to do that. I will tell you from our side.
Speaker 2 | 01:25:48
Happy to do that. I will tell you from our side.
Fabian Velez | 01:25:52
LEONL we had a bunch of sort of CPS on required contracts in their yellow.
Speaker 2 | 01:25:55
Le al know we had a bunch of sort of CPS on required contracts.
Fabian Velez | 01:26:02
We have used this time since we submitted it to really advance those as much as we can.
Speaker 2 | 01:26:03
VERYRIELLA we have used this time since we submitted to really advance those as much as you can.
Fabian Velez | 01:26:10
I would expect that for us.
Speaker 2 | 01:26:13
I would expect that for us.
Fabian Velez | 01:26:15
You know, we could probably be in a place to sign all of our required contracts by the end of this week.
Speaker 2 | 01:26:18
Know we could probably be in a place to sign all of our required contracts by the end of this week.
Fabian Velez | 01:26:24
So we're ready. So that means we have to work night and day to go through the legal comments and let's do it because I feel like it's putting, you know, a lot at risk to the life.
Speaker 2 | 01:26:26
So we're ready. So ten days. We have to work night and day to go through the legal comments. Then let's do it. Because I feel like it's putting, you know, a lot at risk to build land.
Fabian Velez | 01:26:38
And then we're happy to commit the crime.
Speaker 2 | 01:26:41
And we're happy to come in the time.
Fabian Velez | 01:26:41
We have enough lawyers on this deal to go through. [Laughter] Okay, well, if Mr Santa.
Speaker 2 | 01:26:44
We have enough lawyers on the seal to go through it. 
Okay.
Fabian Velez | 01:26:52
Yeah, I total. I totally agree. And I think we should probably get together again in like twenty four hours or so since we have to move very fast on this worst case scenario tomorrow, late tomorrow or early the next day.
Speaker 4 | 01:26:54
I total I totally agree. And I think we should probably get together again in like twenty four hours or so, since we have to move very fast on this, worst case scenario. Tomorrow late tomorrow or early the next day, but hopefully tomorrow afternoon would be best for us.
Fabian Velez | 01:27:15
But hopefully tomorrow afternoon will be best for us. I don't know how you see it. That's we're here this week.
Speaker 2 | 01:27:23
I don't know how you see it. That's we're all here this week.
Speaker 3 | 01:27:29
We've that's tomorrow afternoon.
Fabian Velez | 01:27:34
Yeah, so Wednesday morning would be better.
Speaker 3 | 01:27:34
We already have an up meeting schedule.
Fabian Velez | 01:27:37
We can get comments and we can start sharing comments.
Speaker 2 | 01:27:37
So on Sunday morning would be better if you can get comments and we can start sharing comments.
Fabian Velez | 01:27:40
But for a meeting, I think it would be better on Wednesday morning if you could do Wednesd morning because we have a meeting for tomorrow at.
Speaker 2 | 01:27:43
But for a meeting, I think it would be better on Wednesday morning if you didn't do Wednesday morning because we already have a meeting for tomorrow.
Fabian Velez | 01:27:49
Are you. Are you good or we go to Cris.
Speaker 2 | 01:27:51
Okay? Yeah. Are you good? Or we go the sewer on Wednesday morning S contract in the morning.
Fabian Velez | 01:28:00
We yeah, we can do a check on that.
Speaker 2 | 01:28:03
Yeah, we check on that. You look very good for you know because obviously if you.
Fabian Velez | 01:28:08
I have the changes that you submitted.
Speaker 3 | 01:28:12
Everything all the changes.
Speaker 2 | 01:28:13
So if you are we are with some of the changes.
Fabian Velez | 01:28:18
Changes? You don't have to lose our time discussing something. I read with you.
Speaker 2 | 01:28:21
We don't have to lose that time in turn a grasp.
Fabian Velez | 01:28:22
Turn a graph. 
If only the comments that you.
Speaker 2 | 01:28:27
If only comment by ma then we can focus on it on the n supposed to we go the whole thing.
Speaker 4 | 01:28:34
Totally agree with Carlos.
Fabian Velez | 01:28:39
I think there's an amount of internal review that you should you guys just and then you can have a conversation on the turn of their.
Speaker 2 | 01:28:42
I think what I'm saying is I think there's an amount of eternal review that you should have guys should help you and then you can have a conversation on a term of their so Carlos is the after both sides get done.
Fabian Velez | 01:28:53
Okay, after both sides did come, we should exchange what we've done.
Speaker 4 | 01:29:03
We should exchange.
Fabian Velez | 01:29:04
That's what we're saying. And then part media will be more productive because we will have each GU already analyzing for ways to come to the table with whatever.
Speaker 2 | 01:29:05
What we've done.
Speaker 4 | 01:29:06
That's what you're saying. And then our meeting will be more productive because we have be already analyzed and we're willing to come to the table with whatever our answer is, right?
Fabian Velez | 01:29:17
I total.
Speaker 4 | 01:29:19
Right. Great. I totally agree.
Fabian Velez | 01:29:27
I think we should aim. And if you're going to decide to visit on Monday and Wednesday morning, we can have the same time here the legal discussion.
Speaker 3 | 01:29:32
If you're going to decide this on Monday and Wednesday morning, maybe we can have the same time here we discuss.
Fabian Velez | 01:29:35
Yeah, I mean would that.
Speaker 2 | 01:29:38
Yeah.
Fabian Velez | 01:29:38
Okay, who do that who I think for Wednesday, what's the free.
Speaker 3 | 01:29:38
Does that make that mos do that want to think for Wednesday what's good for you.
Speaker 2 | 01:29:47
My hands the earlier the better.
Speaker 3 | 01:29:57
Me and.
Fabian Velez | 01:30:00
The site it's gonna be on Wednesday. Yeah, [Laughter] okay, well, let's do that and I'll share with Mr Santa everything that we worked on today and it's gonna be easier.
Speaker 3 | 01:30:19
Okay, well let's do that and I'll stare with you some time that we worked on today and sty.
Fabian Velez | 01:30:26
Thank you all very much for your time and your effort.
Speaker 4 | 01:30:28
Thank you all very much for your time and your effort and we'll see you again soon.
Fabian Velez | 01:30:29
And we'll see you again soon. Appreciate your I've been on your side of the table for these before, and I know how much work it is done.
Speaker 2 | 01:30:38
We appreciate your review. And we I've been on your side of the table for these before, and I know how much work it is.
Fabian Velez | 01:30:43
We appreciate the, you know, the amount of paperwork that you went through and kind of understanding what's real and what's not.
Speaker 2 | 01:30:46
So we appreciate the amount of paperwork that you went through and kind of understanding what's real and what's not and but we appreciate all that work and look forward to working with you.
Fabian Velez | 01:30:51
And but we appreciate all that work and.
Speaker 2 | 01:31:01
Thank you.
Fabian Velez | 01:31:02
Advice if you're come down as going to the war.
Speaker 2 | 01:31:02
Sure.
Speaker 4 | 01:31:03
Just a piece of non legal advice. If you're staying in Kondalo, please don't go into the water unless it's a swimming pool.
Fabian Velez | 01:31:08
[Laughter] And.
Speaker 4 | 01:31:10
We need you alive.
Speaker 2 | 01:31:13
Okay? It's very windy out there right now.
Fabian Velez | 01:31:15
And. And it's. It's the. It's very.
Speaker 4 | 01:31:17
Now and it's very dangerous.
Fabian Velez | 01:31:17
The beat is very dangerous there. So.
Speaker 4 | 01:31:20
The beach is very dangerous there, so, you know, we'd rather negotiate with you alive.
Fabian Velez | 01:31:20
You know. We'd rather. [Laughter].
Speaker 2 | 01:31:30
Him out of the water. Take care. Thanks.