OPERATIONS & MAINTENANCE

Fixed Fee Cost Plus (FFCP) agreement

 

The Owner’s and the O&M operator’s interests are aligned

  • Our FFCP agreement is a very simple, open-book agreement with all costs being a pass through.

  • EEN proposes a fixed operating fee for its management services depending on plant size, location, etc.

  • EEN develops an O&M budget each year for the fixed, variable and labor costs that is approved by the owner.

  • EEN manages within that budget +/-10% with a bonus-penalty arrangement agreed with the owner. Usually this involves a heat rate bonus-penalty scheme in order to encourage controlling fuel costs.

  • In all cases the bonus is aligned with both the owner’s and the operator’s interests so both parties can share in the profits.

  • We will never suggest getting into a situation where the O&M provider would make money and the owner not share in those benefits.

  • The facility owner advances three months O&M funds which are reconciled each quarter. As EEN does not normally use its funds there are no costs of money charges.

  • The owner covers the EEN team under its blanket insurance policies, again saving money —the owner has to have insurance regardless.

  • EEN performs all O&M services under the agreement.


NEWS

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THE ADVANTAGES OF EEN ARE MANY

  • We are a nimble company able to respond quickly to the customer's needs.
  • We have extensive experience in the Dominican and Latin markets.
  • We have the best HFO engine supervisors, operators and mechanics available.
  • Our people have excellent safety and environmental performance histories.
  • We possess a can do spirit and attitude.
  • We know 3rd party parts and service suppliers that can save you money.
  • Our understanding of the region and the culture is unique.
  • We know O&M and we do it well.
  • We understand your business and we help you succeed.

een's view on operations & maintenance agreements

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Training and plant O&M mobilization and procedures

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Purchasing used equipment
 

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