2007 ANNUAL REPORT Power Corporation - Aboitiz Equity Ventures
2007 ANNUAL REPORT Power Corporation - Aboitiz Equity Ventures 2007 ANNUAL REPORT Power Corporation - Aboitiz Equity Ventures
The CPPC and EAUC plants are designed for maximum flexibility of operations, ensuring reliable, responsive and efficient power supply and services to customers. East Asia Utilities Corporation Cebu Private Power Corporation Powering a tight market With the increasing power consumption demand in Cebu, additional power capacity is needed to meet the needs of the island. Reserve requirements have tightened leaving the grid vulnerable. But private utilities like the East Asia Utilities Corporation (EAUC) and the Cebu Private Power Corporation (CPPC) have been providing reliable power to the Mactan Economic Zone 1 and Visayan Electric Company, Inc. (VECO) in this time of tightness in the power market. The fact that these plants are embedded in the markets they serve are an added advantage resulting to improved voltage and quality of power. Without these two plants, brownouts will surely be a common occurrence. Both the EAUC and CPPC plants are designed for maximum flexibility of operations, ensuring reliable, responsive and efficient power supply and services to their dedicated customers when they need the power. EAUC began commercial operations in December 1997, with its 50 megawatts (MW) primarily for the use of locators of the Mactan Export Processing Zone 1 (MEPZ 1). Located in a two-hectare coastal site within MEPZ 1, the plant is powered by four MAN B&W bunker-fuel fired engines coupled with Ideal electric generators. Each unit has a rated capacity of 12.4 MW, giving the plant a total installed capacity of 49.6MW. 42 • ABOITIZ POWER CORPORATION ANNUAL REPORT 2007 The EAUC plant located in Mactan Island, Cebu.
CPPC, meanwhile, is situated on a 1.8-hectare lot in the old VECO compound in Bgy. Ermita, Cebu City. The company started as a joint venture of EAUC with VECO to boost the latter’s capacity by 72 MW to help meet the increasing power demand of Cebu’s residential and business population. VECO supplies power to the cities of Cebu, Mandaue and Talisay and six municipalities of the greater part of Metro Cebu, servicing an area of roughly 627 square kilometers, with over 288,000 customers. The plant, which began full commercial operations in November 1998, is powered by 10 Caterpillar-MaK diesel engines. In the future, when cheaper base load capacity is built in Cebu, EAUC and CPPC would still provide a crucial role of providing ancillary and back-up services to the grid, as well as other power producers. CPPC, which is one of the largest power plants in Cebu, supplies 62 MW of power to VECO. ABOITIZ POWER CORPORATION ANNUAL REPORT 2007 • 43
- Page 1 and 2: Power Corporation Powering New Fron
- Page 3 and 4: P o w e r i n g New Frontiers ABOIT
- Page 5 and 6: FINANCIAL SUMMARY For the Year (In
- Page 7 and 8: R E P O R T T O O U R S T O C K H O
- Page 9 and 10: h Powering New Frontiers With deman
- Page 11 and 12: Results of Operations POWER D I S T
- Page 13 and 14: R E S U L T S O F O P E R A T I O N
- Page 15 and 16: A SFELAPCO crew does live line work
- Page 17 and 18: Results of Operations POWER G E N E
- Page 19 and 20: POWER G E N E R A T I O N Hedcor si
- Page 21 and 22: STEAG State Power Inc. (SPI) contri
- Page 23 and 24: We expect our distribution companie
- Page 25 and 26: The strong and stable financial per
- Page 27 and 28: DIRECTORS SPECIAL AND REGULAR BOARD
- Page 29 and 30: Director and Senior Executive Compe
- Page 31 and 32: The Office of the Chief Compliance
- Page 33 and 34: Employee Relations In AP, people ar
- Page 35 and 36: P o w e r i n g New Frontiers F E A
- Page 37 and 38: The rest of its capacity is traded
- Page 39 and 40: The annual energy requirement will
- Page 41 and 42: Gone are the long queues at VECO’
- Page 43: The three utilities aim to provide
- Page 47 and 48: and reliable supply of electricity.
- Page 49 and 50: The fulfillment of sharing the frui
- Page 51 and 52: Board of Directors Jon Ramon M. Abo
- Page 53: Corporate Officers Benjamin A. Cari
CPPC, meanwhile, is situated on a 1.8-hectare lot in<br />
the old VECO compound in Bgy. Ermita, Cebu City. The<br />
company started as a joint venture of EAUC with VECO<br />
to boost the latter’s capacity by 72 MW to help meet<br />
the increasing power demand of Cebu’s residential and<br />
business population.<br />
VECO supplies power to the cities of Cebu, Mandaue and<br />
Talisay and six municipalities of the greater part of Metro<br />
Cebu, servicing an area of roughly 627 square kilometers,<br />
with over 288,000 customers. The plant, which began full<br />
commercial operations in November 1998, is powered by<br />
10 Caterpillar-MaK diesel engines.<br />
In the future, when cheaper base load capacity is built in<br />
Cebu, EAUC and CPPC would still provide a crucial role of<br />
providing ancillary and back-up services to the grid, as<br />
well as other power producers.<br />
CPPC, which is one of<br />
the largest power plants<br />
in Cebu, supplies 62 MW<br />
of power to VECO.<br />
ABOITIZ POWER CORPORATION <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2007</strong> • 43
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