Investment Opportunities in the Philippine Energy Sector
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IEEJ : November 2013 All Right Reserved Investment Opportunities in the Philippine Energy Sector SecretaryyJ Carlo Jericho L. Petilla Department of Energy IEEJ : November 2013 All Right Reserved Investment Opportunities • Power • Oil & Gas • Coal • Alterna tive Fue ls (for Transport) • RRblenewable Energy Investor’s Support IEEJ : November 2013 All Right Reserved Power IEEJ : November 2013 All Right Reserved Power Sector Situationer 2013 Capacity in MW LUZON VISAYAS MINDANAO PHILIPPINES FUEL TYPE MW % Share MW % Share MW % Share MW % Share Coal 4,531 36.16 806 32.91 232 11.32 5,568 32.71 Oil Based 1,778 14.19 670 27.39 625 30.50 3,074 18.05 Natural Gas 2,861 22.84 1 0.04 2,862 16.81 Geothermal 824 6.58 915 37.39 108 5.29 1,848 10.85 Hydro 2,462 19.66 11 0.47 1,047 51.09 3,521 20.68 Wind 33 0.26 33 0.19 Biomass 38 0.31 44 1.81 36 1.75 119 0.70 Solar 1 0.05 1 0.01 TOTAL 12,528 2,448 2,049 17,025 Source: DOE List of Existing Power Plants as of May 2013 • Includes embedded generators • Excludes off-grid generators Interconnection Line Capacity • Leyte‐Luzon (440 MW) • Leyte‐Cebu (400 MW) • Leyte‐Bohol (100 MW) • Cebu‐Negros (200 MW) • Negros – Panay ( 100 MW) IEEJ : November 2013 All Right Reserved LUZON SUPPLY‐DEMAND OUTLOOK 2013‐2020 Puting Bato Phase 1 (135 MW) Aug 2014 Pililia Wind (67 MW) Sep 2014 SJCI Biomass ()(9.9 MW) Nov 2014 Maibarara Southwest Luzon 1 (150 MW) Dec 2014 Geo (20 MW) Oct 2013 Southwest Luzon 2 (150 MW) Mar 2015 Isabela Biomass (18 MW) Mar 2015 Puting Bato Phase 2 (135 MW) Nov 2015 APC CFBC (82 MW) Mar 2016 Critical Periods On Available Capacity: On Available Capacity + Committed: • 2015 Peak: Projected Deficit of 184 MW • 2017 Peak: Projected Deficit of 339 MW • 2016 Peak: Projected Deficit of 635 MW • 2018 Peak: Projected Deficit of 833 MW NtNotes a. Demand curve as plotted includes total of peak demand and required Reserve Margin (RM) i.e. 4% regulating reserve and contingency and dispatchable reserve requirement b. 4.2 % peak demand growth rate resulted from observed 0.6 elasticity ratio of demand for electric power with nationa l economic growth applie d to 7 percent GDP growth rate (GR) tttarget for 2013‐2015. c. 4.8 % peak demand growth rate resulted from observed 0.6 elasticity ratio of demand for electric power with national economic growth applied to 8 percent GDP growth rate (GR) target for 2016‐2020. d. Assumed 6.6 percent average forced outage of the total dependable capacity IEEJ : November 2013 All Right Reserved COMMITTED POWER PROJECTS Luzon Grid Committed Power Projj,ects, 767.4 MW Project Rated Capacity Name of the Project Project Proponent Location Cost (Php Target Commissioning (MW) Billion) Brgy. Puting Bato 135 MW Puting Bato Coal South Luzon Thermal West, Calaca, 135.0 12.9 August 2014 Fired Power Plant Phase I Energy Corp. (SLTEC) Batangas Brgy. Puting Bato 135 MW Puting Bato Coal South Luzon Thermal West, Calaca, 135.0 9.6 November 2015 Fired Power Plant Phase II Energy Corp. (SLTEC) Batangas 2 X 150 MW SLPGC Coal-Southwest Luzon Power Brgy. San Rafael, Unit I - Dec 2014 300.0 45.4 Fired Power Plant Phase I Generation Corporation Calaca, Batangas Unit II - March 2015 82 MW APC Circulating Brgy. Bundagul, AdAnda Power Fluidized Bed Coal Fired Mabalacat, 82 8.6 March 2016 Corporation Power Plant Pampanga Sitio Capuz, Brgy. Maibarara Geothermal Maibarara Geothermal, San Rafael , Sto. 20. 0 343.4 October 2013 Power Project Inc. Tomas, Batangas Alternergy Wind One September 2014 Pililla Wind Power Project Pililla, Rizal 67.5 7.7 Corporation (Subject to FIT) 9.9 MWe (net) SJCiPower San Jose City I Power Brgy. Tulat, San Rice Husk-Fired Biomass 9.9 1.2 December 2014 Corporation Jose, Nueva Ecija power Plant Project 20 MW IBEC Biomass Isabela Biomass Energy March 2015 Isabela 18 1.9 Power Plant Corporation (Subject to FIT) TOTAL 767.4 90.7 IEEJ : November 2013 All Right Reserved INDICATIVE POWER PROJECTS Luzon Grid Indicative Power Projects, 10,152 .5 MW Rated Capacity Name of the Project Projjpect Proponent Location Targgget Commissioning (MW) 2 X 20 MW FDC Camarines CFB FDC Utilities, Inc. Camarines Sur 40.0 March 2016 Coal Power Plant Phase I - October 2016 2 X 300 MW Coal-Fired Power Redondo Peninsula Sitio Naglatore, Cawag, 600.0 Phase II - December Plant Energy, Inc. Subic Bay Freeport Zone 2016 2 X 600 MW Mariveles Expansion GNPower Mariveles Coal Mariveles, Bataan 1,200.0 2018 Project Plant Ltd . Co. 2 X 150 MW SLPGC Coal-Fired Southwest Luzon Power Brgy. San Rafael, Calaca, Unit I - 2017 300.0 Power Plant Phase II Generation Corporation Batangas Unit II - 2017 Unit 3 (300 MW) - AES Masinloc Power September 2016 2 X 300 MW Masinloc Expansion Zambales 600.0 Partners Co., Inc. Unit 4 (300 MW) - September 2016 300 MW Limay Power Plant Project SMC Consolidated Brgy. Lamao, Limay, 150 MW - Dec. 2015 300.0 Phase I Power Corporation Bataan 150 MW - May 2016 Quezon Power Expansion Project Quezon Power Phils. Mauban, Quezon 500.0 'March 2018 300 MW Limay Power Plant Project SMC Consolidated Brgy. Lamao, Limay, 300.0 2018 Phase II Power Corporation Bataan 300 MW Limay Power Plant Project SMC Consolidated Brgy. Lamao, Limay, 300. 0 2020 Phase III Power Corporation Bataan TOTAL COAL 4,140.0 List of Committed Power Projects as of 28 August 2013 IEEJ : November 2013 All Right Reserved INDICATIVE POWER PROJECTS Luzon Grid Indicative Power Projects, 10,152 .5 MW Rated Capacity Name of the Project Project Proponent Location Target Commissioning (MW) Aero Derivative Combined Cycle Calamba Aero Power Calamba, Laguna 150.0 TBA Power Plant Corporation TOTAL DIESEL 150.0 Brgy. Ibabang Polo , Pagbil ao 300 MW Com bine d Cyc le EWldEnergy World Grande Island, Pagbilao, 300.0 June 2014 Gas Fired Power Plant Corporation Quezon 300 MW Batangas Mid-Merit Plant First Gen Corporation Batangas 300.0 September 2014 Project San Gabriel Power Plant First Gas Power Corp . San Gabriel , Batangas 550. 0 September 2015 LNG-Fired Combined Cycle Power Meralco PowerGen Atimonan, Quezon 1,750.0 2018 Plant Corporation Combined Cycle Gas Turbine Atlantic, Gulf and Pacific Unit 1 – March 2017; Limay, Bataan 2,400.0 Power Plant Project Company of Manila, Inc Unit 2 – March 2018 TOGOTAL NATURAL GAS 5,300.0 Energy Development Tanawon Geothermal Project Guinlajon, Sorsogon 40.0 2018 Corporation Energy Development Rangas Geothermal Project Bacon District, Sorsogon 40.0 2019 Corporation Energy Development Kayabon Geothermal Project Manito, Albay 40.0 2019 Corporation TOTAL GEOTHERMAL 120.0 Dupinga Hydroelectric Power Constellation Energy Gabaldon, Nueva Ecija 3.0 October 2015 Project Corporation Ibulao Hydroelectric Power Project Hydrocore, Inc. Lagawe, Ifugao 4.5 May 2015 TOTAL HYDRO 7.5 List of Committed Power Projects as of 28 August 2013 IEEJ : November 2013 All Right Reserved INDICATIVE POWER PROJECTS Luzon Grid Indicative Power Projects, 10,152.5 MW Rated Capacity Name of the Project Project Proponent Location Target Commissioning (MW) Phase 2: Alternergy Sembrano Wind Mt. Sembrano, Mabitac, Laguna 56.0 January 2017 Mabitac Wind Power Project Corporation Phase 1: January 2017 Energy Logics Philippines, Inc. Pasuquin, Ilocos Norte 48.0 Pasuquin East Wind Power Project (Subject to FIT) EDC Burgos Wind Power Nagsurot-Saoit, Burgos, Ilocos October 2014 Burgos Wind Power Project 87.0 Corporation Norte (Subject to FIT) Alternergy Wind Cavinti Cavinti Wind Farm Project Corporation (Project Cavinti, Laguna 50.0 January 2017 Company) BCiidBliBrgys. Caparispisan and Balaoi, 80 MW Caparispisan and Balaoi Wind Northern Luzon UPC Asia Municipality of Pagudpud, 81.0 September 2014 Energy Project Corporation Province of Ilocos Norte Northern Luzon UPC Asia Brgy. Balaoi, Pagudpud, Ilocos Balaoi Wind Power Project 45.0 August 2015 Corporation Norte TOTAL WIND 367. 0 August 2014 Currimao Solar Photovoltaic Power Project Mirae Asia Energy Corporation Currimao, Ilocos Norte 20.0 Subject to FIT ATN Philippines Solar Energy Brgy. Macabud, Rodriguez, February 2016 Macabud Solar Photovoltaic Power Project 30.0 Group, Inc. Rizal Subject to FIT TOTAL SOLAR 50.0 20 MW Was te-to-EPjtiEnergy Project using CJ Glo ba l Green Energy Camarines Sur 18.0 June 2015 Thermal Gasifier Conversion Philippine Corp. TOTAL BIOMASS 18.0 List of Committed Power Projects as of 28 August 2013 IEEJ : November 2013 All Right Reserved VISAYAS SUPPLY‐DEMAND OUTLOOK 2013‐2020 Villasiga HEP(8 MW) Mar 2014 NasuloGeo ()(50 MW) Jun 2014 Toledo Expansion (82 MW) Sep 2014 San Carlos Biomass (16 MW) Concepcion Coal 1(135 MW) Jul 2016 Mar 2015 Concepcion Coal 2(135 MW) Sep 2016 ASIAN Biomass (3.6 MW) Jun 2015 Critical Periods On Available Capacity: On Available Capacity + Committed: • 2014 Peak: Projected Deficit of 92 MW • 2015 Peak: Projected Deficit of 62 MW • 2015 Peak: Projected Deficit of 221 MW • 2016 Peak: Projected Deficit of 100 MW • 2017 Peak: Projected Deficit of 121 MW NtNotes a.Demand curve as plotted includes total of peak demand and required Reserve Margin (RM) i.e. 4% regulating reserve and contingency and dispatchable reserve requirement b.7 % peak demand growth rate resulted from observed 1 elasticity ratio of demand for electric power with nationa l economic growth applie d to 7 percen t GDP growth rate (GR) tttarget for 2013‐2015. c.8 % peak demand growth rate resulted from observed 1 elasticity ratio of demand for electric power with national economic growth applied to 8 percent GDP growth rate (GR) target for 2016‐2020.