Corporate Presentation - EGCO€¦ · presentation for any purpose. For further information, please contact Investor Relations Section of the Electricity Generating Public Company

Corporate Presentation

27 – 29 August 2014

1

This presentation was made from the analysis of reliable information in order to assist

investment community to better understand the company's financial status and operation. It also

supports the "Good Corporate Governance Project" of the Securities and Exchange Commission

(SEC).

However, the information within this presentation has been derived from the existing factors in

the present time. Therefore, the forward-looking information on this presentation may not occur

in the future if the aforementioned factors or situations are changed. Investors are, however,

required to use their own discretion regarding the use of information contained in this

presentation for any purpose. For further information, please contact Investor Relations Section

of the Electricity Generating Public Company Limited (EGCO) at Tel: (662) 998-5145-8 or Email:

[email protected]

2

► Thailand Electricity’s Overview

► EGCO Group’s Overview

► Financial Performances

3

Thailand Electricity’s Overview EGCO Group’s Overview Financial Performances

4


Source: EPPO, ERC and EGAT

EGAT: Electricity Generating Authority of Thailand IPP: Independent Power Producer

MEA: Metropolitan Electricity Authority SPP: Small Power Producer

PEA: Provincial Electricity Authority VSPP: Very Small Power Producer

ERC: Energy Regulatory Commission IMPORT: Purchasing from Laos & Malaysia

EGAT Generators Transparent transfer pricing

IPPs

END User

Transmission System Owner (TSOw)

MEA

Industrial

User

PEA

IMPORT SPPs

Re

gula

tors

(ER

C)

Single Buyer Transmission

Network System

Operator (NSO)

VSPPs

5

Classified by Producer Classified by Fuel type

As of June 2014, Thailand’s Power Installed Capacity was 34,179.02 MW.

EGAT : 14,708 MW SPP : 3,525 MW

IPP : 13,542 MW Import : 2,404 MW

Natural Gas : 23,402 MW Coal : 4,609 MW

Hydro : 5,541 MW Others* : 627 MW

*OTHERS = Fuel Oil, Diesel, Renewable

Source: EGAT

43.0%

39.6%

10.3%

7.0%

EGAT IPP SPP IMPORT

68.6%

16.2%

13.4%

1.8%

NATURAL GAS HYDRO COAL OTHERS*


15,000

20,000

25,000

30,000

January Februaary March April May June July August September October November December

2009 2010 2011 2012 2013 20146

MW

Source: EGAT

26,253.29 MW (June 3, 2014)

1.3%

26,598.14 MW (May 16, 2013)


26,942.10 MW (April 23, 2014)

44%

21%

10%

13%

12%

7

June 2014

(34,179 MW)

Additional Capacity PDP 2010 R. 3

(54,005 MW)

*Note: The figure has been deducted by retried plants

along the way.

(65,547 MW)*

2030


41%

18%

13%

16%

12%

EGAT IPP SPP&VSPP Renewables Import

42%

35%

10%

8% 6%

Source: EPPO, EGAT

Year

Project MW Project MW Project MW Project MW Project MW

2012 Gheco-One 660.0 Cogeneration 262.0 Renewable 728.1 Theun-Hin Boun Exp 220.0

2013 Cogeneration 1,186.0 Renewable 1,039.5

2014 Wang Noi CC # 4 768.7 GULF JP NS#1-2 1,600.0 Cogeneration 286.0 Renewable 666.0

Chana # 2 782.5

2015 North Bkk # 2 900.0 GULF JP UT#1-2 1,600.0 Cogeneration 557.0 Renewable 751.3 Hong Sa #1-2 982.0

2016 National Power #1-2 270.0 Cogeneration 470.8 Renewable 989.0 Hong Sa #3 491.0

New KEGCO (June) 900.0

2017 Lam Takhong #3-4 500.0 National Power #3-4 270.0 Cogeneration 900.0 Renewable 534.6

2018 Mae Moh #4-7 Cogeneration 720.9 Renewable 389.8 Nam Ngiep 1 390.0

(Replace 600MW) Sepien 269.0

2019 Coal Plant # 1_EGAT 800.0 Cogeneration 724.8 Renewable 496.4 Xayaburi 1,220.0

2020 Cogeneration 90.0 Renewable 442.2

2021 Bang Pakong #1 900.0 GULF JP Gas-fired 900.0 Cogeneration 180.9 Renewable 441.5 Neighboring 300.0


Coal Plant # 2_EGAT 800.0

2023 South BKK #1-2 1,800.0 GULF JP Gas-fired 900.0 Cogeneration 180.0 Renewable 280.4 Neighboring 300.0

2024 South BKK #3 900.0 GULF JP Gas-fired 900.0 Cogeneration 180.9 Renewable 275.4 Neighboring 300.0

Bang Pakong #3 900.0

2025 Coal Plant # 3_EGAT 800.0 GULF JP Gas-fired 900.0 Cogeneration 184.8 Renewable 259.4 Neighboring 300.0

Bang Pakong #4 900.0


Nuclear # 1 1,000.0

2027 Wang Noi # 1 900.0 Cogeneration 180.9 Renewable 315.2 Neighboring 300.0

Bangpakong #6 900.0

Nuclear # 2 1,000.0

2028 Wang Noi # 2-3 1,800.0 Cogeneration 4.8 Renewable 269.5 Neighboring 300.0

Coal Plant # 4_EGAT 800.0

Gas Turbine #1 250.0

2029 South BKK #4 900.0 Renewable 266.1 Neighboring 300.0

Gas Plant # 1_EGAT 900.0


2030 Gas Plant # 2_EGAT 900.0 Cogeneration 0.9 Renewable 294.0 Neighboring 300.0


22,401 10,700 6,476 8,981 6,572

EGAT IPP / Private Players SPP&VSPP Renewable Import

Source: EPPO, EGAT


8

9

The National Energy Policy Council in the meeting on August 15, 2014

approved the outline for preparation the new 20-year PDP proposing by

MOE. The final draft should be finished within three months.

MOE has the policy to reduce the portion of gas-fired power plants as well

as to increase the portion of coal-fired power plants.

New PDP will be concerned on the energy security, the compliance with

the energy conservation and renewable energy development, energy

sustainability, cost effectiveness, fuel diversification and emission.


10






* Nuclear Damage Liability Facilitation Fund 11

TEPCO 50%

Mitsubishi 50%

EGAT

25.41%

TEPDIA

23.94%

Thai Investors

15.16%

Foreign Investors

20.88%

NVDR 10.43% NVDR

14.61%

As of March 21, 2014

NDF* 50.11%

Others 49.89%

12


BOD

President

1 seat

EGAT

4 seats

TEPDIA

4 seats

Independent

Directors

6 seats

Power Business

To develop and acquire power plants with multiple fuel types.

Service Business

To provide operation, maintenance, engineering and

construction services to power plants and other industries.

Other Business

To invest in water businesses that supply raw and tap water and

the integrated energy business.

13


EGCO Group’s business lines can be categorized into 3 business groups:

//upload.wikimedia.org/wikipedia/commons/b/b4/Belarus-Minsk-Power_Plant-4-50.jpg

14

Rayong, KEGCO,

GEC-GPG (KK2)

EGCO Cogen,

GEC-GCC, GEC-NKCC

GEC-SCC, KN4,

TJ Cogen, TP Cogen,

SK Cogen

GEC-GYG,

Roi-Et Green,

NED, SPP2

SPP3, SPP4, SPP5,

GPS (#1-4), TWF, YEH,

GIDEC, BRWF, CWF

BLCP, Quezon,

MPPCL NTPC (NT2), XPCL


63% 25%

8% 5%

Natural Gas Coal Hydro Renewable

EGCO Contract

Shares Years

IPPs

Rayong Rayong Natural Gas Combined Cycle 100.00% 1,174.99 1,174.99 20 07 Dec 94 Dec 14

Thermal 20 19 Jun 96 Jun 16

Combined Cycle 20 19 Jun 96 Jun 16

GPG (Khaeng Khoi 2) Saraburi Natural Gas Combined Cycle 50.00% 1,468.00 734.00 25 5 May 07 / 1 Mar 08 May 32 / Mar 33

BLCP Rayong Coal Thermal 50.00% 1,346.50 673.25 25 1 Oct 06 / 1 Feb 07 Oct 31 / Feb 32

3,330.44

SPPs

EGCO COGEN Rayong Natural Gas Cogeneration 80.00% 112.18 89.74 21 28 Jan 03 Jan 24

ROI-ET GREEN Roi-Et Rice Husk Thermal 70.30% 8.80 6.19 21 29 May 03 May 24

GEC-GCC Saraburi Natural Gas Cogeneration 50.00% 108.63 54.32 21 03 Sep 98 Sep 19

GEC-NKCC Saraburi Natural Gas Cogeneration 50.00% 121.30 60.65 21 12 Oct 00 Oct 21

GEC-SCC Samutprakarn Natural Gas Cogeneration 50.00% 114.45 57.23 21 23 Sep 99 Sep 20

GEC-GYG Yala Parawood Thermal 50.00% 20.20 10.10 25 28 Nov 06 Nov 31

278.23

Renewable

NED Lopburi Solar PV Solar PP 33.33% 63.00 21.00 10 22 Dec 11 Dec 21

SPP2 Saraburi Solar PV Solar PP 100.00% 8.00 8.00 10 02 May 12 May 22

SPP3 Srisaket Solar PV Solar PP 100.00% 8.00 8.00 10 21 Feb 12 Feb 22

SPP4 Srisaket/ Ubon-Ratchatani Solar PV Solar PP 100.00% 6.00 6.00 10 24 Jan 12 Jan 22

SPP5 Roi-Et Solar PV Solar PP 100.00% 8.00 8.00 10 22 Jun 12 Jun 22

GPS (Phase 1-4) Nakhon Sawan/Chai Nat Solar PV Solar PP 60.00% 26.00 15.60 10 1,2,5 Mar 12 / 1 Feb 13 Mar 22 / Feb 23

TWF Chaiyaphum Wind Wind Turbine 90.00% 6.90 6.21 10 18 Jul 13 Jul 23

Solarco Nakornpathom Solar PV Solar PP 49.00% 57.00 27.93 10 18 Nov 13 / 16 Dec 13 Dec 23

100.74

Overseas

Quezon Philippines Coal Thermal 98.00% 460.00 450.80 25 30 May 00 Jun 25

NTPC (Nam Theun 2) Laos Hydro Hydro PP 35.00% 1,023.00 358.05 25 30 Apr 10 Apr 35

MPPCL Philiphines Coal Thermal 40.95% 589.00 241.20 3-16 Jun/Dec 98 up to PPA

1,050.05

4,759.46Total Operating Projects

Total Overseas

KEGCO Nakhon Sri Thammarat 748.20

Fuel Type

Total Renewable

748.20

CODPlant TypeContracted

Capacity (MW)

Attrib. Capacity

(MWe) Power Plant

100.00%Natural Gas

Total IPPs

Total SPPs

ExpiredProvince/Country

15

Currently, EGCO Group’s portfolio comprises of 21 operating power plants, totaling contracted capacity 4,759.46 MWe.


16

Currently, EGCO Group’s portfolio consists of 4 under construction projects and 4 under development projects,

totaling contracted capacity 1,613.25 MWe.


Power Plant Province/Country Fuel Type Plant Type EGCO

Contracted Capacity

(MW)

Attrib. Capacity

(MWe)

Contract COD Expired

Shares Years

Under Construction

GIDEC Songkhla Waste Thermal 50.00% 6.50 3.25 10 Oct 14 Jun 24

BRWF Australia Wind Wind Turbine 100.00% 113.00 113.00 15 Feb 15 Feb 30

KN4 Nakorn Sri Thammarat Natural Gas Combined Cycle 100.00% 930.00 930.00 25 Jun 16 Jun 41

XPCL Laos PDR Hydro Hydro PP 12.50% 1,280.00 160.00 29 Oct 19 Oct 48

Total Under Construction 1,206.25

Under Development

CWF Chaiyaphum Wind Wind Turbine 90.00% 90.00 81.00 25 Dec 16 Dec 41

TP Cogen Ratchaburi Natural Gas Cogeneration 100.00% 113.00 113.00 25 Feb 17 Jun 41

SK Cogen Ratchaburi Natural Gas Cogeneration 100.00% 107.00 107.00 25 Feb 17 Jun 41

TJ Cogen Pathumthani Natural Gas Cogeneration 100.00% 106.00 106.00 25 Jun 17 Jun 42

Total Under Development 407.00

Potential Project

Quezon Expansion Project Philippines Coal Thermal 49.00% 455.00 222.95 N/A Q3/2018 N/A

Total Potential Project 222.95

Total Under Construction, Under Development and Potential Projects 1,613.25

17

EGCO Group’s other business portfolio comprises of 6 companies:


Company Business Type

EGCO Engineering and Service Co., Ltd. (ESCO)

Pearl Energy Philippines Operating Inc. (PEPOI)

Quezon Management Services Inc. (QMS)

Eastern Water Resources Development and Management Plc. (EASTW)

Egcom Tara Co., Ltd. (Egcom Tara)

Manambang Muara Enim Co., Ltd. (MME)

O&M

O&M

Management Service

Water

Water

Coal Mining

XPCL

(Hydro)

KN4

(Gas)

BRWF

(Wind)

GIDEC

(Waste)

2014 2015 2016 2017 2018 2019 2020

Under Construction Projects

Under Development Projects 18

TP Cogen

(Gas) CWF

(Wind) SK Cogen

(Gas)

TJ Cogen

(Gas)

SBPL

(Coal)

Under Development Projects

Under Construction Projects

Potential Project (Waiting for ERC ’s Approval)


-1,500

-1,000

-500

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

19

1994: 1,232 MW

Rayong

(1,232)

(749)

(55) (10) (7) (42) (75)

NMPC#1

Retired

NMPC#2

Retired AEP (25), AEB (17)

Divestment

KEGCO

Barge

#1 Retired

Rayong

Retired

KEGCO (749)

Retired

GCC

Retired

CONAL: WMPC (19),

SPPC (10) Divestment

KEGCO GCC

SCC

Conal - WMPC

Conal – SPPC

AEP

NMPC

NKCC APB

EGCO Cogen

Roi-Et Green BLCP

GYG

KK2

Quezon

NTPC

NED SPP2-5

GPS

TWF

YEH

GIDEC

MPPCL

BRWF

CWF

KN4 TJ Cogen

TP Cogen

SK Cocen

SBPL

XPCL

(29)


• SPP Development

• Expand Renewable Energy Portfolio

• Import Power Projects

• Neighboring Country Projects

Domestic Prospects

• Quezon Expansion Project

• Renewable Energy Projects

• Acquisitions/New Greenfield Plant Bids

International Prospects

20


21





2,110

2,566

-206

13

-69

-234

-212

126

-500

-

500

1,000

1,500

2,000

2,500

3,000

Q2/2013 (restated) Q2/2014

Net Profit Before FX, DT& TFRIC FX Deferred Tax TFRIC4&12

Million Baht

MD&A

+456 MB or +22%

22

2,471

1,623 Net Profit

+848 MB or +52%


Million Baht

23

2,053

2,522

57

44

-

500

1,000

1,500

2,000

2,500

3,000

Q2/2013 (restated) Q2/2014

Others Power Generation

2,566

2,110

MD&A

+456 or +22%


24

49 259

(14) 162

0

500

1,000

1,500

2,000

2,500

3,000Increase in AP

BLCP 207

KEGCO (126)

GPG (17)

Rayong (15)

2,159

2,418

2,110

2,566

Q2/2014 Q2/2013

Construction &

Development

SBPL (6)

GIDEC (5)

BRWF (3)

Solar & Wind

YEH 144

NED 10

GPS 6

SPP5 3

TWF 1

SPP3 (2)

Operating Performances

QPL 220 North Pole (245)

KEGCO 164 BLCP (83)

NTPC 144 GPG (39)

EGCO 113 ESCO (29)

GEC-SPP 24 Roi ET (5)

Rayong 3 EGCO Cogen (4)

Egcom Tara 3 Others (8)

MME 1

2,404 2,566

Million Baht


25

4,098 4,435

-88

54 34

173

-27

293

-200

300

800

1,300

1,800

2,300

2,800

3,300

3,800

4,300

4,800

5,300

6M2013 (restated) 6M2014

Net Profit Before FX, DT& TFRIC FX Deferred Tax TFRIC4&12

Million Baht

MD&A

+337 MB or 8%

Net Profit

+940 MB or +23%

4,956

4,016


27%

20%

15%

13%

13%

6%

4%

26

BLCP 1,473 MB

Quezon 1,084 MB

(QPL,QMS,PEPOI)

GPG(KK2) 717 MB

Note: Excluding EGCO

SOLAR & Wind 789 MB

(GPS,SPP2-5,NED,YEH,

Theppana)

Rayong 233 MB

SPP 323 MB

(GEC, EGCO Cogen, Roi-Et Green)

ET 72 MB, 1% ESCO 58 MB, 1% Unit: Million Baht

NTPC 686 MB


USD 893 M

THB 19,337 M

JPY 210 M

Total Outstanding

(Baht Equivalent) THB 52,106 M

Total Outstanding

As of 30 June 2014

USD 861 M

THB 20,472 M

JPY 210 M

THB 54,498 M

Total Outstanding

As of 31 Mar 2014

27

AUD 122 M AUD 191 M


0.23 0.21 0.25

0.70

0.87 0.89

0.18 0.17 0.23

0.41 0.44

0.41

0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

1

2009 2010 2011 2012 2013(Restate) 6M/2014

EGCO+Subsidiaries EGCO

Debt 23,117

Equity 56,103

Debt Equity

Debt 65,227

Equity 73,165

Debt Equity

EGCO + Subsidiaries

Unit: MB

EGCO

Unit: MB

Times (X)

28


1.00 1.25 1.25

1.50 1.50 2.00

2.25 2.50 2.50 2.50 2.50

2.75 2.75 3.00

1.25 1.25

1.50 1.50

1.75

2.00

2.50 2.50

2.75 2.75 2.75

3.25 3.25

-

1.00

2.00

3.00

4.00

5.00

6.00

7.00

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Second Payment Interim Payment

Baht/Share

* BOD at the meeting on August 23, 2014 approved the interim dividend payment for the first half- year

operation at 3.00 baht to be paid on September 19, 2014.

6.00

5.25 5.00

5.25 5.25

4.75

4.00

3.25 3.00

2.75 2.50

2.25

6.00


2013 Final Dividend

Paid 3.25 Baht On May 2, 2014

Average Dividend

Payout Ratio

42% (1996 – 2013)

Dividend Policy

40% of the consolidated net profit after tax

29

QPL

Quezon

Boco Rock

New South Wales

AUSTRALIA

I N D O N E S I A

PHILIPINES

MME

Muara Enim

Asia Pacific Region

THAILAND

MPPCL Zambales

Saraburi GCC; Gas

NKCC; Gas GPG (KK2); Gas

SPP2; Solar

Yala GYG; Parawood

Nakhon Sri Thammarat KEGCO; Gas

Samutprakarn SCC; Gas

Rayong Rayong Power Plant; Gas

BLCP; Coal

EGCO COGEN; Gas

Roi-Et RG; Rice Husk SPP5; Solar

Srisaket SPP3; Solar SPP4; Solar

Ratchaburi TP Cogen; Gas SK Cogen; Gas

Pathumthani TJ Cogen; Gas

Chaiyaphum TWF; Wind Farm

Nakhon Pathom/Suphanburi Yanhee; Solar

Nakhon Sawan GPS (Ta Keet); Solar GPS (Ta sang); Solar

Lopburi NED; Solar

Phetchabun GPS (Bueng Sam Phan); Gas

Songkhla GIDEC; Waste

Chai Nat GPS (Dong Korn); Solar

● IPP

● SPP

● Renewable Khammouane, Lao PDR NTPC; Hydro

Muara Enim MME; Coal Mining Project

Ratchaburi

Egcom Tara; Pipe Water Generating and Supply Business

EASTW; Pipe Water Generating

Rayong ESCO; O&M and Engineering Services

APPC; Bio Diesel Plant

35

GIDEC Waste Power Plant Project (GIDEC)

Project Description

Type: Municipal Solid Waste Plant

Location: Hat Yai, Songkhla Province

Shareholders: EGCO 50%, IEC Green Energy 50%

Expected COD: October 2014

PPA with PEA (VSPP Program)

Contracted Capacity: 6.5 MW

Adder: 3.5 baht/unit for 7 years

Project Progress

- Construction work was almost complete, individual function test

of each equipment is ongoing.

- Steam flushing/blowout was complete. Commissioning of boiler,

steam turbine, generator and BOP are under preparation.

36

Boco Rock Wind Farm (BRWF)

Project Description

Type: Wind Power Plant (Green Field)

Location: New South Wales, Australia

Shareholder: EGCO 100%

SCOD: February 2015

PPA: 15 years with Energy Australia Pty Ltd.

Installed Capacity: 113 MW

Project Progress

- Ending Q2/2014, the progress of work was 79.42%.

- Construction work is progressing well, installation of 21 WTGs

was complete.

37

Khanom Power Plant Project Unit 4 (KN 4)

Project Description

Type: Combined Cycle Power Plant

Location: Khanom, Nakhon Si Thammarat Province

Shareholder: EGCO 99.99%

SCOD: June 2016

PPA: 25 years with EGAT

Contracted Capacity: 930 MW

Project Progress

- Ending Q2/2014, the overall project progress was 32.50%.

- Piling and foundation works are ongoing ahead of the planned

schedule.

Xayaburi Power Company Limited (XPCL)

Project Description

Type: Hydro Power Plant Project, Run off River

Location: Xayaburi District, Laos PDR

Shareholders: EGCO 12.5%, CK 30%, EDL 20%, BECL 7.5%,

Natee Synergy 25%, PT Construction and

Irrigation Co., Ltd. 5%

SCOD: October 2019

PPA: 29 years with EGAT and EDL

Contracted Capacity with EGAT: 1,220 MW

Contracted Capacity with EDL: 60 MW

Project Progress

- Ending Q2/2014, the progress of work was 30.85%.

- Design of Navigation Lock, Spillway and Intermediate Block were

approved, detailed design for Powerhouse and Fish Passing

Facilities is continuing. Construction work is progressing.

38

Subyai

Chaiyaphum Wind Farm (CWF)

Project Description

Type: Wind Power Plant

Location: Subyai, Chaiyaphum

Shareholders: EGCO 90%, PVI Group 10%

SCOD: December 2016

PPA with EGAT (SPP Non-Firm)


Adder: 3.50 baht/unit for 10 years

39

CWF

TP Cogeneration Project (TP Cogen) & SK Cogeneration Project (SK Cogen)

Project Description

Type: Cogeneration Power Plant

Location: Ban Pong, Ratchaburi Province


SCOD: February 2017

Installed Capacity: 125 MW each

Contracted Capacity with EGAT: 90 MW each

Expected Contracted Capacity with IUs: 23 MW

with 40 T/hr of steam (TP Cogen)


with 60 T/hr of steam (SK Cogen)

TP Cogen

& SK Cogen

40

TJ Cogen

41

TJ Cogeneration Project (TJ Cogen)

Project Description

Type: Cogeneration Power Plant

Location: Klong Luang, Pathum Thani Province


SCOD: June 2017


Contracted Capacity with EGAT: 90 MW


with 10 T/hr of steam

San Buenaventura Power Company Limited (SBPL)

Project Description

Type: Coal Fired Power Plant



Location: Quezon Province, Luzon, the Philippines

Shareholders: EGCO 49% and MeralcoGen 51%

SCOD: Q3/2018

PSA: 20 years with Meralco

Project Progress

- Achievement for signing Power Supply Agreement with

Meralco on May 30, 2014

- The effectiveness of PSA will be subject to the review

and approval of ERC of the Philippines

42

Masinloc Power Partners Company Limited (MPPCL)

43

Achievement :

- Achievement for signing of Share Purchase

Agreement to acquire the shares in MPPCL was on

June 25, 2014.

- Acquisition transaction was completed on July 15,

2014 and Shareholders’ Agreement was signed on

the same date.

Achievement


44

Power Plant Description

Type: Coal Fired Power Plant

Technology: Subcritical Pulverized Coal

Installed Capacity: 2x315 MW


Location: Zambales Province, Luzon, the Philippines

COD: Unit 1 - June 1998 / Unit 2 – December 1998

History

- MPPCL was originally developed and owned by NPC, the

Philippines state power utility.

- In 2008, AES acquired MPPCL through privatization auction.

- Upon takeover, AES executed on rehabilitation plan during

2008-2010

- MPPCL is now operating at world class standards

O&M : MPPCL employees

After

Upon turn-over

in April 2008

April 2009,

1 year after turn-over

Rated Capacity

150 - MW

(Unit 1: 150 MW,

Unit 2: 0 MW)

630 – MW

(2x315 MW)

Heat Rate > 12,000 btu/kwh 9,995.5 btu/kwh

(average full load)

Availability

Factor < 50% > 90%

Auxiliary Load > 12% < 8.5%

Environmental

Footprint

Compliant with

Philippine Standards

Surpasses Philippine,

World Bank Standards

45

Luzon

Metro Manila

Masinloc


Masinloc is located

250 Km north of

Metro Manila

46

51.00% 40.95% 8.05%

Masinloc Power Partners Co Ltd

(Phlippines) “MPPCL”


Documents

Corporate Presentation - EGCO€¦ · presentation for any purpose. For further information, please contact Investor Relations Section of the Electricity Generating Public Company