FEL-3 definition

FEL-3 means the final phase of front end engineering and design for a Major Expansion as prepared by a Design Engineer, the results of which: (1) advance the design basis memorandum to “approved for design” status for inclusion in the applicable engineering design specification; (2) facilitate planning of detailed engineering, procurement, and construction work for execution of the proposed expansion; and (3) result in an AACE Class 3 forced detailed cost estimate;
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FEL-3 means the third stage of front end engineering and design work for the development of underground mines as determined by the Proponent in accordance with its standard methodologies and assumptions in effect from time to time, which will result in the delivery of a feasibility study setting out a final assessment of the technical and economic viability of the proposed project. The FEL 3 study: (a) optimizes the best alternative approach to the project; (b) develops details to a level of confidence to declare the project viable; (c) covers all economic, environmental and engineering aspects of the project at a more detailed level than the FEL 2 study, providing a more accurate estimate and a higher level of confidence in the probability of success for the project; (d) fully describes the complete project and the installations to be built; (e) fully assess all risks; and (f) contains refined estimates of the project benefits, capital costs of construction, annual costs of operation and maintenance, and the economic parameters for evaluation (i.e., net present value and internal rate of return).
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Examples of FEL-3 in a sentence

  • A key deliverable will be the FEL-3 report submitted at the end of the FEL-3 program.

  • Primero shall develop the design and produce necessary deliverables to complete the FEL3 to AACE (Association for the Advancement of Cost Engineering) class 3 engineering maturity.

  • This document details the scope of Services for Primero to complete the Front-End Loading 3 (FEL3) for the project.

  • The FEL-3 work includes advancing the design of the Muskogee Lithium refinery from concept design to a readiness for execution; specifically detailed design, procurement of major long lead equipment, and construction engagement.

Related to FEL-3

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Holocene means the most recent epoch of the Quaternary period, extending from the end of the Pleistocene Epoch to the present.

  • Energy means electricity, natural gas, steam, hot or chilled water, fuel oil, or other product for use in a building, or renewable on-site electricity generation, for purposes of providing heating, cooling, lighting, water heating, or for powering or fueling other end-uses in the building and related facilities, as reflected in Utility bills or other documentation of actual Energy use.

  • energy poverty means a household’s lack of access to essential energy services that underpin a decent standard of living and health, including adequate warmth, cooling, lighting, and energy to power appliances, in the relevant national context, existing social policy and other relevant policies;