PRIVATE SECTOR INITIATED POWER PROJECTS (LUZON) INDICATIVE As of 31 October 2020
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PRIVATE SECTOR INITIATED POWER PROJECTS (LUZON) INDICATIVE As of 31 October 2020 Committed / Rated Capacity Target Testing & Name of the Project Project Proponent Location Project Status Target Commercial Operation Indicative (MW) Commissioning COAL 6,520 FEASIBILITY STUDY Pre-Engineering activities in progress 'PERMITS AND OTHER REGULATORY REQUIREMENTS: U1: Dec 2021 U1: Mar 2022 • Issued with GIS on 12 January 2015 (DOE-EPIMB SIS No. 2015-01-005) U2: Mar 2022 U2: June 2022 Indicative SMC Mariveles Coal-Fired Power Plant SMC Global Power Holdings Corp. Mariveles, Bataan 1,200 • MGCP ISSUED A NOTICE FOR SUSPENSION OF WORKS SINCE DECEMBER 13, 2016. U3: Sept 2022 U3: Dec 2022 • MGCP LIFTED THE SUSPENSION OF WORKS ON MAY 1, 2018. U4: Dec 2022 U4: Mar 2023 • OVERALL PROJECT CONSTRUCTION ACCOMPLISHMENT (AS OF JULY 2020) : 6% FEASIBILITY STUDY: • Pre-feasibility studies have conducted to determine the viability of the project- Completed in 2014 • Feasibility study "Draft Final Report" is expected to be completed in the 4th Quarter of 2019. ARRANGEMENT FOR SECURING THE REQUIRED LAND: • Land already secured and subject lots are undergoing titling. MARKETING OF GENERATING CAPACITIES: • On-going negotiations with MERALCO and Electric Cooperatives will be held on 3rd week of March • H&WB submitted the revised PSA Term Sheet to MERALCO that considers the latters inputs Dec. 12, 2017 Unit 1 - 2023 Unit 1 - 2023 Unit 2 -subject to the Unit 2 -subject to the PERMITS AND OTHER REGULATORY REQUIREMENTS: completion of the proposed completion of the proposed • Issued clearance to undertake GIS on February 12, 2015 500 kV Tagkawayan 500 kV Tagkawayan H & WB PCB Supercritical Coal-Fired H & WB ASIA PACIFIC (PTE LTD) • On-going securing of permits and other regulatory requirements Substation, and to the Substation, and to the Indicative Jose Panganiban, Camarines Norte 700 Power Plant CORPORATION • LGU endorsement secured 10 June 2014 demand and supply status in demand and supply status in • NGCP issued "Offer of Service" for SIS on 31 March 2015- completed on 23 September 2015 Luzon Grid/ under Luzon Grid/ under evaluation, • Currently undergoing NGCP's review process evaluation, schedule wise. schedule wise. • DPWH, PPA and DENR have issued no objection to the foreshore area in Mambulao Bay for the Miscellaneous Lease Agreement for Projects jetty port and jetty on June 2020 • Issued with NCIP Certificate of Non-Overlap 2 August 2018 FINANCING ARRANGEMENTS: •Due diligence, audit and financial modelling are on-going •Presentations made to six major IPP developers. NDA with the fifth IPP developer was signed on July 28, 2016. •Adivosry stage in the Financial Model simulations based on ERC approvals vis-a-vis project's economics, and finacing scheme. CONSTRUCTION CONTRACTS FOR PLANTS AND EQUIPMENT: • Cost Estimate for Connection, and transmission Line; ROW under evaluation. FEASIBILITY STUDY •Completed ARRANGEMENT FOR SECURING REQUIRED LAND • In negotiation with the localities and stakeholders; Establishing Land Company, currently in- 2x500 MW KEPCO Pangasinan Coal-Fired Unit1 - 'March 2024 Unit1 - 'March 2024 Indicative KEPCO Philippines Corporation Sual, Pangasinan 1000 negotiation with land owners Power Plant Unit 2 - March 2025 Unit 2 - March 2025 MARKETING OF GENERATING CAPACITIES • In negotiation with prospective off-takers 'PERMITS AND OTHER REGULATORY REQUIREMENTS: •Issued with SIS 1 August 2017 (DOE-EPIMB-SIS No. 2017-07-004) Page 1 of 30 PRIVATE SECTOR INITIATED POWER PROJECTS (LUZON) INDICATIVE As of 31 October 2020 Committed / Rated Capacity Target Testing & Name of the Project Project Proponent Location Project Status Target Commercial Operation Indicative (MW) Commissioning FEASIBILITY STUDY: Completed; 'ARRANGEMENT FOR SECURING THE REQUIRED LAND: Finalization of terms of sub-lease on-going MARKETING OF GENERATING CAPACITIES: •ERC commenced hearing the PSA application starting November 29, 2016; held last 11 January 2018; Pending resolution from the Commission; PERMITS AND OTHER REGULATORY REQUIREMENTS: • SEC Registration - September 2013; • DENR ECC - Amended ECC Dec 13, 2017; Facility Study - Jan 4, 2018 • NGCP Grid Impact Study - February 13, 2017; • Sangguniang Barangay Endorsement - February 24, 2017; • BOI Registration - On-goingr Registration; SRPGC 2x350MW Coal-Fired Power Plant St. Raphael Power Generation Indicative Brgy. San Rafael, Calaca, Batangas 700 2025 2025 Project Corporation GROUNDBREAKING SCHEDULES: • Target Notice to Proceed 4Q 2022; dependent on CSP result to be conducted by Meralco within 4Q 2020. FINANCING ARRANGEMENTS: • Target Financial Close 3Q 2022 ; dependent on CSP result to be conducted by Meralco within 4Q 2020. CONSTRUCTION CONTRACTS FOR PLANTS AND EQUIPMENT: • EPC Contract Target Signing 3Q 2021, dependent on CSP to be conducted by Meralco within 4Q 2020. COMMENCEMENT OF CONSTRUCTION: • Target start of construction 4Q 2022; dependent on CSP result to be conducted by Meralco within 4Q 2020. ISSUES ENCOUNTERED RE: PROJECT DEVELOPMENT FEASIBILITY STUDY Pre-Engineering activities in progress U1: Jan 2025 SMC Circulating Fluidized Bed Coal-Fired U2: May 2025 Indicative SMC Global Power Holdings Corp. Brgy. Ibabang Polo, Pagbilao, Quezon 600 TBD Power Plant 'PERMITS AND OTHER REGULATORY REQUIREMENTS: U3: Sep 2025 • Issued with GIS on 8 June 2016 (DOE-EPIMB-SIS No. 2016-05-006) U4: Jan 2026 Page 2 of 30 PRIVATE SECTOR INITIATED POWER PROJECTS (LUZON) INDICATIVE As of 31 October 2020 Committed / Rated Capacity Target Testing & Name of the Project Project Proponent Location Project Status Target Commercial Operation Indicative (MW) Commissioning FEASIBILITY STUDY: Completed ARRANGEMENT FOR SECURING THE REQUIRED LAND: •Completed; • Reclassification to Idunstrial land classification ongoing. MARKETING OF GENERATING CAPACITIES: • EPPA with MERALCO has been executed for the off-take of 100% of plant's net capability PERMITS AND OTHER REGULATORY REQUIREMENTS: •Secured Environmental Compliance Certificate (ECC) last October 5, 2018; •Secured SIS and Facility Study; • Secured DOE endorsement to NCIP for CNO last March 27, 2017; • Ongoing application for Certificate of Energy Project of national Significance (CEPNS); Global Luzon Energy Development Brgys. Carisquis and Nalvo Sur, Luna, La Indicative Global Luzon Coal-Fired Power Plant 670 • Secured DOE endorsement to NCIP for CNO last MArch 27, 2017; TBD TBD Corporation Union • Secure Certificate of Non-coverage from DAR last December 12, 2016. ESTIMATED NUMBER OF JOBS GENERATED: • During Construction: 2500-3000 jobs • During Operation: 300 jobs FINANCING ARRANGEMENTS: • Total Project Cost is US$ 1.5B; On-going discussion with major banks and capital companies for project financing CONSTRUCTION CONTRACTS FOR PLANTS AND EQUIPMENT: • Preliminary result of EPC Pre-qualification/shortlisting process completed lat August 2017. Evaluation of prospective EPC still on process. FEASIBILITY STUDY Pre-Engineering activities in progress SMC Circulating Fluidized Bed Coal-Fired Indicative SMC Global Power Holdings Corp. Sariaya, Quezon 600 TBD TBD Power Plant 'PERMITS AND OTHER REGULATORY REQUIREMENTS: • Issued with GIS on 14 October 2016 (DOE-EPIMB-SIS No. 2016-08-006) SMC Supercritical Pulverized Coal PERMITS AND OTHER REGULATORY REQUIREMENTS: Indicative Masinloc Power Partners Co, Ltd. Masinloc, Zambales 1,050 TBD TBD Thermal • Issued with GIS on 12 January 2015 (DOE-EPIMB SIS No. 2018-11-001) OIL-BASED 500 Legaspi Ancillary Reserve Diesel power PERMITS AND OTHER REGULATORY REQUIREMENTS: Indicative Sunwest Water and Electric Co. Legaspi, Albay 50 TBD TBD Plant •Issued with SIS 8 January 2020 (DOE-EPIMB-SIS No. 2020-01-007) Kiwalo Ancillary Reserve Diesel power PERMITS AND OTHER REGULATORY REQUIREMENTS: Indicative Sunwest Water and Electric Co. Sto. Domingo, Albay 100 TBD TBD Plant •Issued with SIS 28 August 2020 (DOE-EPIMB-SIS No. 2020-08-014) Namantao Ancillary Reserve Diesel PERMITS AND OTHER REGULATORY REQUIREMENTS: Indicative Sunwest Water and Electric Co. Daraga, Albay 50 TBD TBD power Plant •Issued with SIS 28 August 2020(DOE-EPIMB-SIS No. 202008-015) Page 3 of 30 PRIVATE SECTOR INITIATED POWER PROJECTS (LUZON) INDICATIVE As of 31 October 2020 Committed / Rated Capacity Target Testing & Name of the Project Project Proponent Location Project Status Target Commercial Operation Indicative (MW) Commissioning PERMITS AND OTHER REGULATORY REQUIREMENTS: Indicative Diesel/Gas Turbine Power Plant Ingrid2 Power Corporation Mariveles, Bataan 300 TBD TBD •Issued with SIS 13 July 2020 (DOE-EPIMB-SIS No. 2020-07-002) NATURAL GAS 5,100 PERMITS AND OTHER REGULATORY REQUIREMENTS: •Issued with SIS on 1 August 2019 (DOE-EPIMB-SIS No.2019-07-003); System Impact Study (SIS) Lloyds Energy Philippines Inc. Floating ongoing with Indicative Lloyds Energy philippines Inc. San Pascual, Batangas Bay 1200 2022 2023 Power Plant NGCP; Waiting for list of requirements and details from NGCP for the detailed development plan FEASIBILITY STUDY Pre-Engineering activities in progress 'PERMITS AND OTHER REGULATORY REQUIREMENTS: • Issued with GIS on 12 January 2015 (DOE-EPIMB SIS No. 2015-01-005) Indicative SMC Ilijan LNG Power Plant SMC Global Power Holdings Corp. Batangas 3,600 TBD Phase I: 2024 ( Phase 1 - 2 x 600 ) ( Phase 2 - 2 x 600 ) ( Phase 3 - 2 x 600 ) Page 4 of 30 PRIVATE SECTOR INITIATED POWER PROJECTS (LUZON) INDICATIVE As of 31 October 2020 Committed / Rated Capacity Target Testing & Name of the Project Project Proponent Location Project Status Target Commercial Operation Indicative (MW) Commissioning