1 / 18

PECO-PEDC Electric Power Purchase Agreement EXPOSITORY PRESENTATION 9 September 2010

PECO-PEDC Electric Power Purchase Agreement EXPOSITORY PRESENTATION 9 September 2010. Panay Region Power Situation (newspaper clippings). EPC PROJECT: 2 x 82MW CFB POWER PLANT EXPANSION PROJECT Brgy . Ingore , La Paz, Iloilo City GROUND BREAKING : September 2008 DATE STARTED : February 2009

dalila
Download Presentation

PECO-PEDC Electric Power Purchase Agreement EXPOSITORY PRESENTATION 9 September 2010

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PECO-PEDC Electric Power Purchase AgreementEXPOSITORY PRESENTATION9 September 2010

  2. Panay Region Power Situation (newspaper clippings)

  3. EPC PROJECT: 2 x 82MW CFB POWER PLANT EXPANSION PROJECTBrgy. Ingore, La Paz, Iloilo City GROUND BREAKING : September 2008 DATE STARTED : February 2009 DATE OF COMPLETION : December 30, 2010 PROJECT COST : PhP19,908,518,700.00 BOILER MANUFACTURER : FORMOSA HEAVY INDUSTRIES, INC. (Under License from Foster-Wheeler) TURBINE MANUFACTURER : KAWASAKI HEAVY INDUSTRIES GENERATOR MANUFACTURER: TOSHIBA ELECTRIC

  4. 2 X 82MW CFB POWER PLANT EXPANSION PROJECTBrgy. Ingore, La Paz, Iloilo City TARGET COMPLETION DATES: UNIT 1 COLD TEST - August 2010 INITIAL IGNITION - September 4, 2010 SYNCHRONIZATION - September 30, 2010 UNIT 2 COLD TEST - November 2010 INITIAL IGNITION - Mid of November 2010 SYNCHRONIZATION - December 30, 2010

  5. Visayas Power SituationPower Demographics – CNP 2010 2010 SUPPLY-DEMAND SCENARIO Luzon Line Capacity 212 MW Line Capacity 360 MW Leyte Geothermal Cap. 400 Line Capacity 80 MW Bohol Capacity 15 Demand 42 Reserve 44 Source: Planning & Development Division, TRANSCO, September 2007

  6. Consolidated CNP Grid Supply-Demand 2009-2020 (As of end October 2009) Note: Additional 219MWwill come in by Year 2010 {146MW from CEDC Units 1 & 2 and 73MW from PEDC Unit-1} Another 565MW will come in by Year 2011 {219MW from 2010, plus 200MW from KEPCO, 73MW from CEDC Unit-3, and 73MW from PEDC Unit-2}

  7. PANAY SUPPLY DEMAND SITUATION

  8. Project Rationale The Panay Expansion Project, to be undertaken by the Project Company, Panay Energy Development Corporation, offers a partial solution to the power crisis in the Island of Panay.

  9. PECO-PEDC EPPA Tariff Computation – General Parameters

  10. PECO-PEDC EPPA Tariff Computation Electricity Fees = (Capital Recovery + Peso O&M Charge + Dollar O&M Charge) + Fuel Cost

  11. PECO-PEDC EPPA Capital Recovery Fee Using the concept of the Time Value of Money (Annuities) Where: PVAn = Present value PMT = value of the annuity n = period i = interest rate

  12. PECO-PEDC EPPA Capital Recovery Fee

  13. PECO-PEDC EPPA Capital Recovery Fee

  14. PECO-PEDC EPPA Peso O&M Fee

  15. PECO-PEDC EPPA Dollar O&M Fee

  16. PECO-PEDC EPPA Fuel Cost Computation Fuel Cost = Current Fuel Cost + Transport Cost x Consumption Rate x Forex 1000 Current Fuel Cost = Base Coal Price x Current Newcastle Index Base Newcastle Index Base Coal Price = US$ 53.22/MT Current New Castle Index = Preceding Quarter’s Average Coal Price as per the Global Coal New Castle Physical Trading Base Newcastle Index = US$ 63.44/MT Consumption Rate = Actual Consumption Rate or 0.7kg/kWh escalated at 1.5% per year, whichever is lower

  17. PEDC RATE COMPUTATION PECO Tariff at Different Load Factors

  18. End of Presentation THANK YOU

More Related