AES-MPPCL Forward Contract Proposal

Report
AES-MPPCL Forward
Contract Proposal
November 10, 2014
Corplan
Current Purchases Scenario
Month Bill
August
AES
BGI
WESM
SMEC
TOTAL
8,320,000.00 6,410,000.00 3,236,630.00
0 17,966,630.00
September
12,015,600.00 2,092,138.14 8,917,770.00
0 23,025,508.14
October
12,015,600.00 8,206,003.86 3,539,370.00
0 23,760,973.86
November
12,015,600.00 8,901,500.00
Average
11,091,700.00 6,402,410.50 3,923,442.50 1,166,250.00
- 4,665,000.00 25,582,100.00
Purchases Distribution:
November
10000, 19%
17000, 32%
6000, 11%
AES
BGI
WESM
SMEC
20000, 38%
Current Demand Scenario
Month Bill
AES
BGI
WESM
SMEC
PEAK
DEMAND
August
17,000
20,000
16,143
0
53,143
September
17,000
20,000
15,473
0
52,473
October
17,000
20,000
16,095
0
53,095
November
17,000
20,000
6,000
10,000
53,000
Average
17,000
20,000
13,428
10,000
Demand Distribution:
November
10000, 19%
17000, 32%
6000, 11%
AES
BGI
WESM
SMEC
20000, 38%
Power Contract Status
Power Supplier
Plant Type and
Location
Location
Duration
AES – Masinloc
Coal-Fire
Zambales
May 26, 2010 to
May 25, 2026
Bacman
Geothermal Inc.
Geothermal
Bacun, Sorsogon
January 26, 2013
to January 25,
2018
WESM
Mixed
n/a
November 26,
2006 – Present
Sual, Pangasinan
October 26, 2014
to October 25,
2024
San Miguel Energy Coal
Corporation
November 10, 2014
MPPCL FORWARD CONTRACT OFFER
MPPCL Offer Details
• Masinloc Power Partners Limited presented last October16,
2014 their intention to enter into a forward power supply
contract.
• The said offer is due to their expansion project of additional 2
x 300 MW coal-fire power plant in Zambales.
• This would now raise their portfolio to 4 x 300 MW coal-fire
plants (2 of which Casureco II is a current customer for 17
MW).
• The offer is for 20 MW.
• The duration is 10 years to commence November 26, 2014.
MPPCL Rate Offer
Rate Component
Figure
Basic Rate
4.05
Adjustments (Estimate)
0.15
Line Rental (Estimate)
0.18
VAT
0.53
Prompt Payment Discount
(0.10)
Systems Loss Discount
(0.05)
Collection Efficiency Discount
(0.05)
Productivity Discount
(0.05)
Security Deposit Discount
(0.10)
Loyalty Discount
(0.10)
TOTAL
4.45
Power Supplier’s Power Rates
Month Bill
AES
BGI
WESM
August
5.06
5.71
4.88
September
4.68
5.76
5.61
October
4.72
5.91
2.91
November
SMEC
4.65
Dios Mabalos!
END OF PRESENTATION

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