Business Plan: Renewable Energy Programs of Romblon Electric Cooperative, Inc.

Transcription

1 Business Plan: Renewable Energy Prgrams f Rmbln Electric Cperative, Inc. Sustainable Energy fr All Investr Frum ADB Headquarters, Manila 16 June 215 Rene M. Fajilagutan General Manager, ROMELCO renefajie@yah.cm Cntact n.:

2 2 9% / 1%

3 3 PROVINCE OF ROMBLON

4 Rmbln Electric Cperative, Inc. (ROMELCO) -Distributin Business Nn-Stck, Nn-Prfit Electric Cperative Registered with NEA, June 14, 1989 Categry, Medium EC Cverage Area Fur (4) Municipalities Six (6) Bard f Directrs 48 Persnnel Member-Cnsumers/Husehld Cnnectins 21,8 Annual Sales in kwh (214) 12,546,539 Annual Revenue (214) PhP132,573,126 Cllectin Efficiency (214) 96% Systems Lss (214) 1.86% 4

5 Cantingas Mini-Hydr Pwer Plant 5 Cmpelling Reasns cnceptualized t prvide a 24- hur reliable, cst effective & envirnment friendly pwer supply t ROMELCO membercnsumers in Sibuyan Island

6 Cantingas Mini-Hydr Pwer Plant Lcatin Brgy. Taclb, San Fernand, Sibuyan Island, Rmbln Designed Capacity 1,35 kw Cmmercially Operatinal 9 kw Capacity Factr (%) 45% (Actual 67%) Ttal Prject Cst - (PhP 14,928,42.4) Cnstructin Perid 3 ½ years Date Cmpleted/Initial Cmmissining Dec.1, 29 6

7 MILESTONE 7 DATE ACTIVITIES 1995 Cnceptualized. Submitted request fr assistance frm NEA st Business Meeting fr the Develpment f Mini-Hydr, Fcus n Cantingas Prject Cnduct Hydrlgical Study 1999 Cnduct f Pre-Feasibility Study 2-21 Cnduct f Cmprehensive Feasibility Study 24 Mini-Hydr Operating Cntract Jint Venture Agreement was signed between ROMELCO & VERGEL3 Cnsult (June 15, 24) Financial Clsing with DBP 26 First Release f Lan Cnstructin Phase Dec 29 Feb 21 August 214 Cmmissining Phase Cmmercial Operatin Signing f CDM Emissin Reductins Purchase Agreement First Release f 5% Cash Incentive Claim based n RA 9513

8 Challenges Technical and Financial Capabilities Absence f Reliable Data f the River Issue n the Land Acquisitin fr the Pwer Plant and Access Rad Issue n the Cnstructin Methd Scarcity f Lcal Cntractrs with Track Recrd fr Mini-Hydr Cnstructin Weather Cnditin Cst Escalatin Late Apprval f Tariff 8

9 Slutins t Challenges Created a Subsidiary Crpratin Cantingas Mini-Hydr Pwer Crpratin (Authrized Capital Stck PhP 85M) Jint Venture between ROMELCO and Vergel3 Cnsults Whlly wned Subsidiary Crpratin f ROMELCO Hiring Experts, Cnsultant, etc. Avail lan frm Develpment Bank f the Philippines (DBP) 9:1 (Debt-Equity) Filed Eminent Dmain Case fr Acquisitin f Land fr Pwer Plant Cntinuus Training f Persnnel Filing Rate Recvery Case 9

10 HOW DO WE PERFORM? TYPICAL LOAD CURVE SIBUYAN ISLAND KW AUGUST 11, 214 (MONDAY) LEGEND: - HYDRO - NPC-DIESEL P/P

11 214 KWH PURCHASED OF ROMELCO (Sibuyan Island) 7, 6, 5, 4, 29,652 32,41 89,95 114,64 369,964 35,844 58,73 43,232 37,422 36,848 47,376 39,872 KWH 3, 2, 1, 451,43 446,25 38,73 453,95 276,1 349,44 463,96 51,97 482,93 495,81 515,9 46,53 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 11 LEGEND: - HYDRO - NPC-DIESEL P/P

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13 What are the benefits f the Mini-Hydr Pwer Plant? ROMELCO was able t prvide a reliable 24-hur electric service t the member-cnsumers. Lwered the generatin cst f electricity t PhP5.217/kWh cmpared t the Subsidized Apprved Generatin Rate (SAGR) f PhP6.5896/kWh. PhP416,723,671., Avided Cst/Savings t the Universal Charge fr Missinary Electrificatin Subsidy (21-214). 7,312,22 liters f diesel fuel was saved (21-214) apprximately 1,462,44 liters per year. Avided carbn dixide emissin by abut 19,597 tns. 13

14 Develpment Prgrams SIBUYAN ISLAND Installatin f 1 X 45 kw Hydr Turbine (On-Ging) PhP 25M 2 x 1,5 kw Mini Hydr in 2 different sites = Php 525M Battery Strage System 1 MWHr (216) PhP 47M SILUM RIVER (216) LUMBANG RIVER (22) 14 CANTINGAS MINI-HYDRO P/P Additinal 1x45 kw (215)

15 Develpment Prgrams 3 ISLAND BARANGAYS (current peratin f ROMELCO-DPP, 8 hrs) Cbradr Island 1 x 3 kw Slar-Diesel Battery Hybrid System USD 45,7 Financial Analysis Results COBRADOR Investment Cst (USD) 45,7 Renewable Energy Fractin % 38% Cst f Energy (U$).7 SAGR (U$).1464 Difference (t be subsidized frm UCME).5546 Ttal Cash Incentive (U$) 375,56 Prject IRR % Payback Perid (Yr) % 12.59

16 Develpment Prgrams ROMBLON ISLAND 1 x 1,8 kw Bimass P/P using IFGT/EFGT Technlgy Nursery Develpment February Hectares f Plantatin Ecnmic and Financial Evaluatin PhP USD 16 Investment Cst 317.5M 7.5M Funding Prgram (Debt/Equity) 9-1 TCGR/kWh* SAGR/kWh* Prjected IRR (%) 17.% Payback Perid (Yr) 4 Years *TCGR True Cst Generatin Rate *SAGR Subsidized Apprved Generatin Rate

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18 Cnclusins 1. 9/1 Renewable-Diesel Energy Mix is achievable by wisely chsing the right technlgy utilizing intelligent cntrl system. 2. Renewable Technlgy can prvide a lng term and sustainable slutin t the perennial pwer supply prblem in the SPUG Areas r in Islated Grids. 3. Renewable energy can reduce the cst f pwer generatin in the islated grids. 4. Pwer Generatin can be a prfitable business venture fr ECs/Develpers. 5. Renewable Energy can be a surce f windfall incme fr the ECs/Develpers in SPUG Areas. 6. Renewable Energy can help reduce carbn dixide emissin. 7. Partnership with Private Investment and Technlgy Prvider can play a big rle fr a successful implementatin f micr-grid prjects in the islated grids. 18

19 Rene M. Fajilagutan General Manager, ROMELCO Cntact Number: