OCEAN ENERGY PHILIPPINES

Transcription

1 OCEAN ENERGY PHILIPPINES

2 LOURDESIREE LATIMER President: Bell Pirie Power Corp (PH) Director: Energy Island Bell Pirie Ltd. (UK) Resource Person & Proponent: NREB/ERC/DOE

3 ENERGY ISLAND BELL PIRIE LTD (UK) WAS FORMED AS A RESULT OF A COLLABORATION AMONG MAINLY UK COMPANIES TO COMMERCIALISE OTEC: Energy Island Ltd.,Vega Consulting, Halcrow, Noble Denton (now DNV GL), Parsons Brinckerhoff and the Univ. of Southampton - School of Engineering Sciences OTEC CONSULTANCY SERVICES TO GOVTS AND PROJECT DEVELOPERS: Resource mapping and assessment Site selection and feasibility studies Environmental, permitting and regulatory compliances BELL PIRIE POWER CORP. (PH) LOCAL PROJECT DEV CO OF ENERGY ISLAND BELL PIRIE LTD. HOLDS AN OTEC SERVICE CONTRACT IN CABANGAN, ZAMBALES (1200 HAS.) AND FURTHER FOUR (4) OPTIONS IN SITES AROUND ZAMBALES (2), PANGASINAN & DAVAO DEL SUR (7,000 HAS.)

4 OCEAN ENERGIES in PH OTEC sun thermal Base load Wave wind mechanical variable Tidal Current tides mechanical variable

5 OTEC POTENTIAL 256 MILLION MW

6 TIDAL POTENTIAL

7 WAVE POTENTIAL

8 TIMELINE OCEAN ENERGY NREB PETITION 27 July 2012 ERC Decision: Deferred action on the proposed FIT for ocean until sufficient data becomes available upon which the Commission may base its determination 22 March 2013 Manifestation with Motion to Submit Additional Documents was filed by NREB 25 November 2013 ERC granted the Motion through an Order January 2014 NREB filed its Notice of Compliance and Manifestation providing additional documents to support the reasonableness of the key parameters and assumptions used as inputs to the Financial Model to compute the proposed initial FIT for ocean energy, as well as, a summary of the documents already submitted and formally offered to the ERC to support the proposed FIT for ocean 23 January 2014 Hearing on the additional evidence with Mrs. L. Latimer and Dir. Mario Marasigan (REMB-DOE) as resource persons 17 March 2014 NREB was considered to have rested its case after additional documents were formally offered in evidence to the ERC.

9 NREB PETITION REPRESENTATIVE SIZE: 10 MW REPRESENTATIVE TECHNOLOGY: OTEC DOE INSTALLED TARGET: 10 MW

10 Like-for-like figures for 10 mw ocean energy technologies - Philippines capital cost (usd m) load factor % net capacity factor % fit rate (php) * * using NREB excel model OTEC 1 Zambales Tidal Current: 2 low-band resource Tidal Current San Bernardino Wave 3 Base case: 20kw/m Proposed 10 MW project in Cabangan, Zambales as submitted to ERC, May ANNEX 1, Black & Veatch, Cost and Performance Data for Power Generation Technologies, Prepared for the National Renewable Energy Laboratory, February 2012, page 73 3 ANNEX 2 Black & Veatch, Cost and Performance Data for Power Generation Technologies, Prepared for the National Renewable Energy Laboratory, February 2012, page 86 4 ANNEX 3 Marine Current Turbine Ltd., News release, 'Marine Current Turbines kicks off first tidal array for Wales', 25 March ANNEX 4 Frankel, Peter Dr., Marine Current Turbine Ltd., The Exploitation of Marine Currents in the Philippine 2001, page 19 6 ANNEX 5 7 ANNEX 6 8 ANNEX 7

11 OCEAN ROADMAPin 2011 Source: DOE

12 TARGET OCEAN ENERGY ROADMAP DRAFT, FEB 2016, NREP MW, BY LOCATION Location Commissioning Year POTENTIAL CAPACITY ADDITION (MW) (MW) (MW) (MW) LUZON VISAYAS MINDANAO Total Assumptions: : The capacity additions indicated based on the RE Service Contracts awarded : Aspirational targets comprising of 100 MW (70% NCF) OTEC and 50 MW (NCF 30%)Tidal Current. The OTEC target assumes that the first 10 MW OTEC expected in 2022 may acquire a one-year operational and performance data needed to design and build the next scale up at 100 MW. The Tidal Current target at 47 MW assumes conservatively that there might be an uncertain limits to commercially viable tidal current sites and is subject to a resource assessment study.

13 CURRENT PILOT 100 kw Turbine - Kona, Hawaii MAKAI & U.S. NAVY 50 kw Turbine Okinawa, Japan XENESYS & SAGA

14 PLANNED OTEC As known in May 2016 PHILIPPINES 10 MW CHINA 10 MW HAWAII 10 MW REUNION IS. 10 MW MARTINIQUE 10 MW

15 REPRESENTATIVE PROJECT: 10 MW OTEC ZAMBALES

16 LOCATION MAP NGCP transmission substation 1 Offshore platform 3 Onshore transformer Nearest transmission line 1200 HECTARES OFFSHORE SITE South China Sea 10 km Submarine power cable 2 Nearest town

17 HUGE RESOURCE DELTA T ZAMBALES Source: Nihous & Vega, Oct 2011

18 MOU SIGNING FOR OTEC ZAMBALES FEB 2015 With French President F. Hollande, French co partners (DCNS, Akuo Energy) and local partner PNOC Renewable Corp

19 10 MW OTEC

20 HOW COMPETITIVE IS A 10 MW OTEC?

21 ON-GRID OTEC IS CHEAPER THAN FUEL OIL MERALCO s Generation Cost above P16.35/kWh 1 USD = 44 PHP Month GWh Purchased Price PHP/kWh Supplier Dec (1 USD) TMO Nov (56 ) TMO Sep (81 ) WSEM Aug (97 ) WESM Aug (37 ) TMO Jul (37 ) WESM May (37 ) WESM Apr (64 ) WESM Mar (49 ) WESM Feb (1.2 USD) TMO Jan (50 ) TMO Source: MERALCO website, downloaded between Mar 2014 to Feb GWh Net output of OTEC 10 MW plant

22 OFF-GRID TRUE GENERATION COSTS Per kwh USD 1 Palawan* Siquijor* Power Barge Power Barge Caluya** Romblon** USD = 44 PHP Sources: * Power Supply Agreements: ERC Cases Nos RC & RC, 2010, 2013 ** Meller, H. GIZ: Off-grid Power Generation in the Philippines

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24 THANKS!