2007 ANNUAL REPORT Power Corporation - Aboitiz Equity Ventures

POWER
D I S T R I B U T I O N
To improve system reliability, SFELAPCO constructed a new
10-MVA substation in Floridablanca to replace its existing 8 MVA
substation at the Basa Airbase.
We expect
healthy organic
growth from our
existing business
with potential
incremental
opportunities
coming from the
improvement
of operational
efficiency of
our existing
assets as well as
acquisitions of
other utilities.
Mactan EnerZone Corporation and Balamban EnerZone
Corporation (MEZ/BEZ) contributed 64 million to AP’s 2007
income. The two utilities served a total of 85 locators and
reached a combined electricity sales of 116 GwH for seven
months ended December 31, 2007. Peak demand for MEZ was
22 MW while that of BEZ was 14 MW. At year-end 2007, system
losses stood at 3% and 0.6% for MEZ and BEZ, respectively.
The future looks bright for your company. We expect healthy
organic growth from our existing business with potential
incremental opportunities coming from the improvement
of operational efficiency of our existing assets as well as
acquisitions of other utilities.
Luis Alfonso Y. Aboitiz
EXECUTIVE VICE PRESIDENT
POWER DISTRIBUTION GROUP
Jaime Jose Aboitiz
SENIOR VICE PRESIDENT
POWER DISTRIBUTION GROUP
Balamban EnerZone provides power to the shipbuilding facilities of Tsuneishi Heavy
Industries and FBMA Marine.
14 • ABOITIZ POWER CORPORATION ANNUAL REPORT 2007