Untalan, Mark Ryan

 Corporate Tax Identification Number

 (TIN) 005-255-399
 Registered
 13 July 1994
 Location:
 Old VECO Compound, Barangay Ermita, Carbon,
Cebu City
 Lot Area:
 1.8 hectares
 Capacity
 Rated capacity: 70 MW
 Net Dependable Capacity: 66 MW
 Supplied to VECO: 62 MW
 Installed
 September 1998
 Commercial Operation
 November 1998
Google earth snapshot
Google earth snapshot
Google earth snapshot
Location: Old VECO Compound, Brgy Ermita, Carbon, Cebu City

Cebu Private
Power Corporation

Google earth snapshot

 Antonio R. Moraza, President
 Ramontito E. Garcia, Vice President
 Iker M. Aboitiz, Chief Financial Officer
 Arlo A.G. Sarmiento, Treasurer
 M. Jasmine Oporto, Corporate Secretary
 Catherine R. Atay, Assistant Corporate
Secretary
Stockholder Share Percent
Aboitiz Power Corporation 3,599,997 47.9999%

Vivant Energy Corporation 2,399,998 31.9999%

Visayan Electric Co., Inc 1,499,998 19.9999%

Dennis Garcia 1 0.0000%

Antonio Moraza 1 0.0000%
Iker Aboitiz 1 0.0000%
Ramontito Garcia 1 0.0000%
Arlo Sarmiento 1 0.0000%
Jaime Jose Aboitiz 1 0.0000%
Jose Venancio Batiquin 1 0.0000%
 Build and construct power generation facility
to sell power generation services, 1
 CPPC’s provides reliable electricity to more
than 250,000 residential, commercial and
industrial customers in Cebu City2

1: extracted from CPPC Financial Statement 2:Cat Customer Story: Cebu Private Power
Corporation
 Fuel Delivery
 Fuel Oils are supplied and delivered by Petron
Corporation on consignment basis
 Electric Power Generation
 The plant uses 10 diesel engines directly coupled to
the generators to produce electricity. Utilizing
exhaust heat for fuel conditioning/preheating.
 Electricity Distribution
 Generated electricity from the units is supplied to
VECO for distribution
  Ten (10) Caterpillar
16CM32 series heavy-
fuel, oil-fired,
reciprocating diesel
generator

Cat CM32Product Data Sheet

Cat Customer Story: Cebu Private Power Corporation
Engine type: V-16 4-stroke cycle diesel engine
Fuel type: LFO, CRO and HFO

Aspiration: Turbocharged and after-cooled

Compression ratio: 14.2:1

Engine rating: 7680 kW

Generator set rating: 7450 kWe
 Specifications
 Specific Lube Oil Consumption
 0.6 g/kW-hr
 Heat Rate
 7,748 kJ/kW-hr
 Estimated Life (Depreciation)
 15 years
 Input:
 HFO & LFO (Petron)
 Lube Oil (Pilipinas Shell)
 Air
 Output
 Products of combustion & unburned fuel
 Waste water (from cooling)
 Electrical & Thermal Energy
 Heavy Fuel Oil
 7.0 Million Liters
 Light fuel Oil
 60,000 Liters
 Engine Lube Oil
 20,000 Liters
  Energy Fees: P 2,104.310 Million
 Energy Rate: P 9.2533 per kW-hr#
 2104.3  10   pesos
 Energy
e
Distributed:
6
fees
efees 6
2104.3 10  pesos 8
edist    2.27  10  kW  hr
erate pesos
9.2533
kW  hr
 Energy Generated:
70MW 62MW out of 70MW produced
egen  edist   256.75 GW  hr
62MW are sent to VECO for distribution

#VECO Breakdown of Generation Charge

 Average Energy Generated Daily

256.75GW
256.75GW  hr  hr 1
egen.daily  
 703.42  70.34 MW  hr
MW  hr
( 365)
( 365) 10unit
 Plant capacity = 70MW
 Average Operating Hours

703.42MW  hr
 10.05 hr
70MW
 Average fuel consumption
 0.228L/kW-hr HFO
 Fuel Consumption (2009)
 (0.228L/kW-hr)x(egen)=58.6 Million Liters
 Annual HFO Fuel Supply
 (12)(7 M L)= 84 Million Liters
 Excess: 25.4 Million Liters

If all HFO is used, additional 111 GW-hr of energy can be generated annuall
This translates to additional 4.34hr of operation daily
 specific fuel consumption

heating value of fuel

4.386 kW hr L

11.667 kW hr L

  37.5%
 Pollutants Generated
 Particulate Matter
 Oxides of Nitrogen (NOx)
 Hydrocarbons
 Carbon Monoxide

 Environmental Compliance
 Philippine Clean Air Act : RA 8749
 Philippine Clean Water Act: RA 9275
 2009 2008
Energy Fees 2,119,131,413 2,367,189,237
Expenses
Operations and Maintenance (1,569,545,804) (1,839,208,354)
Depreciation (164,411,434) (157,410,754)
General (76,849,692) (70,735,360)
(1,810,806,930) (2,067,354,468)

Other Income
Interest Expense (21,875,559) (23,564,332)
Interest Income 13,199,354 10,581,082
Foreign exchage rate gain-net 2,396,749 1,012,860
Others 88,322,003 21,070,405
82,042,547 9,100,015

INCOME BEFORE INCOME TAX 390,367,030 308,934,784

Income Tax (95,743,934) (81,079,849)

NET INCOME 294,623,096 227,854,935

 2009 2008
Heavy Fuel Oil 1,320,434,159 1,565,678,790
Materials and Supplies 88,755,882 74,365,847
Ancillary Charges 51,545,268 46,365,666
Salaries, wages and
Allowances 28,483,678 25,624,095
Outside Services 27,736,045 32,402,834
Lube Oil 27,710,893 24,347,881
Light Fuel Oil 13,180,918 25,944,305
Insurance 5,626,348 4,390,603
Back-up Power 4,262,124 25,276,884
Pension expense (income) (5,914,490) 7,093,493
Others 7,724,979 7,717,956
Php 1,569,545,804 1,839,208,354
 Selling price per kilowatt-hour:
 Php 9.2533 /kW-hr
 Production cost per kilowatt-hour
 Php 6.1130 /kW-hr

 Estimated Profit
 Php 3.1403 Php/kW-hr

*Based on Operations and Maintenance Expense

 Promotion of education, environment and
community development within the company
franchise area.
 VECO Scholars
 Construction of school buildings
 Cantipla Integrated School
 VECO Tree Planting
 Mt. Pung-ol, Brgy Pung-ol Sibugay, Cebu City
 Plant a Tree, Save Cebu Project
 Kaibigan Outreach Program
 Brgy Tinago Feeding Program
 17.7 MW
Electrawinds Cogeneration
Plant
Mouscron, Belgium
MAN Diesel 18V 48/60B
Output: 17, 940 kW
Heat Rate: 7,768J/kW-hr
SFOC: 210 g/kW-hr
LHV: 37,000 kJ/kg

#of Units: 1 Gen-Set

 Output:
 Electrical: 17.7 MW
 Thermal: 14.0 MW
 Selective Catalytic Reduction (SCR) for NOx
emission control
 Process Heat:
 Fuel conditioning
 Space heating
 Heating for public pool and leisure centre

 Overall Efficiency: 85%

 The Electrawinds Mouscron cogeneration plant
utilizes its exhaust heat more efficiently than
CPPC does thus having higher efficiency (85%
vs 37.5%).
 Also, the Electrawinds plant are running on
biodiesel compared to the HFO of CPPC
 Utilization of waste heat to power (adsorption) air
conditioning system
 Translates to lower auxiliary loads
 Since the equipments will be (fully) depreciated (15
years depreciation indicated at FIS, 2009) by 2013, it is
recommended to use dual-fuel engines so the need for
HFO importation will be minimized, CPPC can tap on
the Philippines’ natural gas supply
 Also, using dual fuel (nat gas, primarily), the company
can utilize the thermal energy for other purposes aside
from HFO conditioning.
 CPPC may have provide enough power to
250,000 households in Cebu city but it must
“upgrade” to provide the city’s continuing
growing electricity demand.
 Also, CPPC has an expensive energy rate of
9.2533 Php/kW-hr, more than twice the
average rate of 4.3577Php/kW-hr VECO
charges to its consumers.
 CPPC Financial Statement 2009
 CPPC General Information Sheet 2009
 Caterpillar Customer Story, CPPC
 http://www.cat.com/cda/files/698777/7/CPGS_Cebu.pdf
 CAT 16CM32 Data Sheet
 http://www.cat.com/cda/files/698927/7/DS_CM32%20750%20RPM%209.4.07-1.pdf
 Data from CARMA:
 Cebu Private Power: http://carma.org/company/detail/2977
 VECO Generation Charge
 http://www.veco.com.ph/page.html?main=clients&sub1=your%20bill&sub2=breakdown%20of%20gene
ration%20charge
 Philippines Wind Energy Resource Development
 http://wais.ee.kuas.edu.tw/energyworld/specialtopics/Wind/Pdf/28903.pdf
 Mousbron Plant
 http://www.manbwltd.co.uk/files/news/filesof9806/Reference%20Brochure%20Electrawinds.pdf
 http://www.manbwltd.co.uk/files/news/filesof9806/Reference%20Sheet%20Electrawinds.pdf