2016 FEED-IN TARIFF
ALLOWANCE RATE APPLICATION
EXPOSITORY PRESENTATION
Pasig, March 8, 2016
DINNA O. DIZON
Head, FIT-All Team
National Transmission Corporation
OUTLINE OF PRESENTATION
I. Background
II. FIT-All Rate Determination
III. Status Update
2
I. BACKGROUND
3
FIT-ELIGIBLE RE PLANTS
as of February 24, 2016
Number
Capacity for FIT
(MW)
Solar
6
68.08
Wind
7
426.9
Biomass
6
69.33
Run of River
Hydro
3
25.93
TOTAL
22
590.24
Plant Type
4
RE PLANTS with RE Payment Agreement (REPA)
as of February 24, 2016
Effective REPA
Signed REPA*
On Process**
No.
MW
No.
MW
No.
MW
Solar
6
68.08
6
244.44
7
105.27
Wind
7
426.90
-
-
-
-
Biomass
6
69.33
6
70.1
-
-
Run of River
Hydro
3
25.93
1
1.80
-
-
TOTAL
22***
590.24
13
316.34
7
105.27
Plant Type
*Includes REPA signed by both parties/being routed for signature of TransCo/those being notarized at TransCo
**Includes REPA currently being signed by RE developer and applications for REPA with lacking documents
*** Of the 22 REPAs, FIT billings for 20 REPAs have commenced
5
PAYMENT OF FIT REVENUES
Total generation billed as of December 2015 Billing Period and FIT
Differential balance as of 24 February 2016:
RE TECHNOLOGY
Wind
Solar
Biomass
Hydro
TOTAL
ACTUAL ENERGY
GENERATION
BILLED (MWH)
635,296.68
92,188.58
92,271.80
48,878.44
868,635.51
FIT DIFFERENTIAL
DUE, Pesos
FIT DIFFERENTIAL
BALANCE, Pesos
3,383,651,980.51
446,124,228.07
352,314,649.15
111,436,041.08
1,426,643,935.69
128,269,652.66
177,359,050.88
77,385,803.58
4,293,526,898.80
1,809,658,442.81
Note: ‘Actual Energy Generation Billed’ does not yet reflect energy generation in
2014/2015
1) That has not actually been billed (one at a time billing of backlog per REPA)
2) Of potentially FIT-eligible RE Plants that have not been granted/have just been
granted FIT COC to date but have COD in 2014 or 2015.
6
2015 COLLECTION EFFICIENCY
Actual as of February 24, 2016
FIT-ALL COLLECTION AGENTS
PEMC (FOR THE ACRR)
94.62%
99.00%
As Estimated in the 2016 FIT-All Application
FIT-ALL COLLECTION AGENTS
PEMC (FOR THE ACRR)
96.03%
99.27%
7
2015 COLLECTION AND DISBURSEMENT, Php
FIT-ALL STATEMENT OF CASH FLOW
As of February 24, 2016
Cash Receipts
FIT-All Collection (March-2015 February 24, 2016)
CRR Collection (June 2015- February 24, 2016)
Interest on Deposits
Total
Disbursements
Payment to RE Developers
Payment of Interest
Payment to LBP (Mar-November 2015)
Total
FIT-All Fund Balance, as of February 24, 2016
Balance of Payables to RE (with Billings)
Total RE Claim (April 2015 - January 31, 2016)
Total Payment to RE (May 2015 -Feb 24, 2016)
Unpaid RE Claim as of February 24, 2016
2,543,383,229.12
1,226,769,683.13
289,541.58
3,770,442,453.83
3,710,846,715.95
610,003.78
520,000.00
3,711,976,719.73
58,465,734.10
5,532,710,608.86
3,710,846,715.95
1,821,863,892.92
8
II. 2016 FIT-All Rate
Determination
Note: Calculations made were based on actual billing data as
of August 2015
9
BASIS
Guidelines on the Collection of the Feedin Tariff Allowance (FIT-All) and the
Disbursement of the FIT-All Fund (“FIT-All
Guidelines”)
10
ASSUMPTIONS
a. No degression of the FIT Rates for 2016 but with
adjustments due to inflation and forex; Solar FIT 2
and Wind FIT 2 were used
b. Line-up of plants are for computation purposes
only; does not automatically entitle listed plants to
FIT nor payment thereof
c. As a rule, projected generation forecast provided
by RE were used (if provided), otherwise DOE
forecasts were used; or, if RE projections were
perceived to be too high, then DOE forecasts were
used
d. Actual energy generation levels of operational RE
Plants that were available were considered
11
ASSUMPTIONS
e. Solar projects considered only until March 15,
2016 per DOE list (with due consideration to the
indivisibility of projects)
f. For Wind, Bangui 1 & 2 (existing before the RE
Law) were included in the line-up at a FIT Rate of
P5.76/kWh
g. 2014-2015 under-recoveries were included in the
determination of the 2016 FIT-All
h. NREB recommended formula for Factor Rate from
the 2014-2015 FIT-All application was used in the
computation of WCA, with updated input data
12
I. Data Sources
a. List of Projected FIT Eligible RE Developers and
Capacities/Generation Forecast (DOE)
b. Actual and Projected Generation from RE Developers
c. Forecast National Sales (DOE)
d. Approved FIT Rates (ERC)
e. CPI and FOREX (BSP website)
f. Market Price and Blended Generation Cost
(PEMC/DASURECO/kuryente.org)
g. Factor Rate in the Computation of WCA (NREB
formula)
h. Collection Efficiency in the Computation of WCA
(actual collection efficiency of FIT-All Fund Collection
Agents)
13
PROJECTED FIT ELIGIBLE RE
CAPACITIES & INSTALLATION TARGETS
2015
BIOMASS
EXISTING
NEW
HYDROPOWER
EXISTING
NEW
SOLAR
NEW
WIND
EXISTING
NEW
TOTAL
EXISTING
NEW
No. of
Plants
15
6
9
5
2
3
11
11
7
1
6
38
9
29
Installed
Capacity,
153.196
60.926
92.27
35.73
5.6
30.13
161.9
161.9
426.9
33
393.9
777.726
99.526
678.2
2016
No. of
Plants
16
6
10
12
2
10
22
22
7
1
6
57
9
48
Installed
Capacity,
160.49
60.926
99.564
59.98
5.6
54.38
523.02
523.02
426.9
33
393.9
1170.39
99.526
1070.864
Installation
Targets
250
250
500
400
1400
14
PROJECTED FIT ELIGIBLE PLANTS FOR
2015 & 2016
15
PROJECTED FIT ELIGIBLE PLANTS FOR
2015 & 2016
16
PROJECTED FIT ELIGIBLE PLANTS FOR
2015 & 2016
17
PROJECTED FIT ELIGIBLE PLANTS FOR
2015 & 2016
FIT-ALL FORMULA
FIT
DIFFERENTIAL
(FD)
FIT ALL
RATE,
P/kWh
WORKING
CAPITAL
ALLOWANCE
(WCA)
ADMINISTRATION
ALLOWANCE
(AA)
DISBURSEMENT
ALLOWANCE
(DA)
FORECAST
NATIONAL SALES
(FNS)
FD + WCA + AA + DA
FIT All (𝑃 𝑘𝑊ℎ) =
FNS
19
FORECAST ANNUAL NATIONAL SALES
𝐶𝐴𝐺𝑅𝑡𝑜,𝑡𝑛 =
𝑉𝑡𝑛
𝑉𝑡𝑜
1
𝑡𝑛−𝑡𝑜
−1
ACTUAL ELECTRICITY SALES, kWh
2013
2014
Luzon
Visayas
Mindanao
2012
44,063,677,000
7,646,701,000
7,500,241,000
45,803,175,000
7,867,617,000
7,894,820,000
47,240,505,000
8,039,020,000
8,065,259,000
Sales, kWh
Growth Rate
59,210,619,000
5.19
61,565,612,000
3.66
63,344,784,000
4.13
FORECAST ELECTRICITY SALES, kWh
2015
65,962,899,825
3.67
2016
68,380,633,362
3.56
20
FIT DIFFERENTIAL
FIT DIFFERENTIAL
TOTAL FIT
REVENUE
( Forecast
Annual RE
Generation x
FIT Rate
FORECAST
COST RECOVERY
REVENUE
( Forecast
Annual RE
Generation x
CRR Rate
(OVER)/UNDER
RECOVERY
DATA NEEDED
SOURCE
FIT Eligible RE Actual/Forecast Annual Generation 20142016
DOE/RE
FIT Rate
ERC
CRR Rate
Luzon & Visayas (LWAP)
Mindanao (Blended Rate of Host DU)
PEMC
DASURECO
ZAMCELCO, MAGELCO, BUSECO. MORESCO II, SOCOTECO II
ERC Decision on 20142015 FIT-All Application
www.kuryente.org
21
FORECAST ANNUAL GENERATION, MWH
Technology
Biomass
Hydropower
Solar
Wind
Total
2014-2015
2016
2017
309,839
682,407
761,454
108,271
158,580
875,169
1,451,859
-
187,342
632,686
977,205
2,479,639
-
492,222
707,963
977,477
2,939,116
-
22
ADJUSTED FIT RATE, Php/kWh
2015 Base FIT Rate
Biomass
Hydro
Solar
FIT 1
FIT 2
Wind
FIT 1
FIT 2
6.6300
5.9000
2016 Adjusted FIT-Rate
2014-2015 Entrant
2016 Entrant
7.0508
7.0508
6.4601
6.4601
9.6800
8.6900
9.9067
8.6900
8.5300
7.4000
8.9006
7.4000
Average Forex (Jul2014-June2015)
Average CPI(Jul2014-June2015)
8.6900
44.4187
140.9500
23
FORECAST COST RECOVERY RATE
(WESM)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Month
Aug.2015
Jul.2015
Jun.2015
May.2015
Apr.2015
Mar.2015
Feb.2015
Jan.2015
Dec.2014
Nov.2014
Oct.2014
Sept.2014
Aug.2014
Jul.2014
Jun.2014
May.2014
Apr.2014
Mar.2014
LWAP, Pesos per MWhLWAP, Pesos per KWh
Luzon
Visayas
Luzon Visayas
3,691.00 3,953.00 3.6910
3.9530
4,518.00 4,186.00 4.5180
4.1860
6,322.00 6,864.00 6.3220
6.8640
4,457.00 4,839.00 4.4570
4.8390
2,810.00 2,905.00 2.8100
2.9050
5,075.00 5,337.00 5.0750
5.3370
5,079.00 5,225.00 5.0790
5.2250
3,367.00 3,477.00 3.3670
3.4770
2,068.00 2,812.00 2.0680
2.8120
3,253.00 3,874.00 3.2530
3.8740
3,539.00 1,706.00 3.5390
1.7060
5,544.00
(528.00) 5.5440 (0.5280)
5,694.00 4,571.00 5.6940
4.5710
8,104.00 7,745.00 8.1040
7.7450
6,443.00 6,730.00 6.4430
6.7300
6,642.33 7,220.01 6.6423
7.2200
9,950.57 6,377.21 9.9506
6.3772
6,788.21
6.7882
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Month
Feb.2014
Jan.2014
Dec.2013
Nov.2013
Oct.2013
Sept.2013
Aug.2013
Jul.2013
Jun.2013
May.2013
Apr.2013
Mar.2013
Feb.2013
Jan.2013
Dec.2012
Nov.2012
Oct.2012
Sept.2012
Average
LWAP, Pesos per MWh LWAP, Pesos per KWh
Luzon
Visayas
Luzon
Visayas
2,487.60
2.4876
2,308.88
2.3089
18,193.89
18.1939
16,122.20
3,181.91
16.1222
3.1819
6,641.10
6,319.51
6.6411
6.3195
2,678.01
3,027.90
2.6780
3.0279
3,202.23
2,949.65
3.2022
2.9497
2,864.93
2,876.17
2.8649
2.8762
4,309.76
4,054.88
4.3098
4.0549
6,023.34
6,014.31
6.0233
6.0143
6,993.49
7,158.28
6.9935
7.1583
4,889.87
4,226.06
4.8899
4.2261
2,791.71
2,626.82
2.7917
2.6268
3,038.42
3,248.66
3.0384
3.2487
6,106.52
6,157.75
6.1065
6.1578
5,393.59
5,495.79
5.3936
5.4958
6,408.79
5,555.74
6.4088
5.5557
4,301.10
4,704.07
4.3011
4.7041
5,502.7928
4,527.8350
5.5028
4.5278
24
HOST DUs BLENDED GENERATION COST
Dasureco
Month
4.7592
Zamcelco
Month
3.9706
Jul-14
Mar-13
Aug-14
Apr-13
Sep-14
May-13
3.7733
4.0039
3.6946
4.1716
4.0879
3.4498
4.0745
4.4505
4.2953
3.8422
3.8280
3.9756
Oct-14 Bsed on
ERC
Nov-14
Decision
Dec-14
dated
Jan-15 Sept 29,
Feb-15 2015
Mar-15 (page 44)
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Apr-15
Dec-13
May-15
Jan-14
Jun-15
Feb-14
For Mindanao
Magelco
Buseco
Month
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
2.7801
Month
3.7339
2.9111
2.9252
2.9397
2.9602
2.6801
2.6528
2.5975
2.5852
2.6471
2.5929
2.9262
2.9437
Mar-14
3.9461
3.8874
3.9548
3.7615
3.5164
3.1716
3.2394
3.6330
3.6700
3.5871
3.1864
5.2533
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Moresco II
Month
Dec-13
Nov-13
Oct-13
Sep-13
Aug-13
Jul-13
Jun-13
May-13
Apr-13
Mar-13
Mar-12
Feb-12
Socoteco II
3.3684
Month
4.7054
5.4322
5.2457
2.7676
2.8466
2.7133
3.1204
3.0294
3.0684
3.0450
3.0718
2.9806
3.1000
Jun-14
May-14
Apr-14
Mar-14
Feb-14
Jan-14
Dec-13
Nov-13
Oct-13
Sep-13
Aug-13
Jul-13
5.5771
5.6809
4.9506
4.4668
4.0333
4.4126
4.6436
4.9149
5.0902
4.6593
3.6858
4.3502
25
FIT DIFFERENTIAL (UNDER-RECOVERY)
FIT DIFFERENTIAL
TOTAL FIT
REVENUE
( Forecast
Annual RE
Generation x
FIT Rate
FORECAST
COST RECOVERY
REVENUE
( Forecast
Annual RE
Generation x
CRR Rate
(OVER)/UNDER
RECOVERY
Forecast FD Payables for 2015
4,295,483,186.44
Actual FD Payment (As of Oct 5, 2015)
1,345,372,909.88
Forecast Balance as of Oct 5, 2015
2,950,110,276.56
Estimated FD Payment (Oct 6, 2015-Feb, 2016)
1,114,202,382.48
Estimated (Over) Under Recoveries for 2015
1,835,907,894.08
FD Under Recoveries, P/kWh
0.0268
26
FIT DIFFERENTIAL
FIT DIFFERENTIAL
TOTAL FIT
REVENUE
( Forecast
Annual RE
Generation x
FIT Rate
FIT Revenue
Less Forecast Cost Recovery Revenue
2016 FIT Differential
Add: 2015 FD (Over)Under Recoveries
FIT Differential Requirement
FIT Differential P/kWh
FORECAST
COST RECOVERY
REVENUE
( Forecast
Annual RE
Generation x
CRR Rate
(OVER)/UNDER
RECOVERY
2016
19,676,565,718.08
12,750,781,279.58
6,925,784,438.51
1,835,907,894.08
8,761,692,332.59
0.1281
27
WORKING CAPITAL ALLOWANCE
WCA t+1
Forecast
Annual Payout
t+2
DATA NEEDED
Factor
Rate
WCA Ending
Balancet
SOURCE
Forecast Annual Payoutt+2
As computed
Factor Rate
NREB formula
28
2017 FORECAST ANNUAL PAYOUT, PHP
Particulars
Forecast Cost Recovery Revenue
FIT Differential
Administration Allowance
Disbursement Allowance
Total Annual Payout
2017
14,803,839,476
8,057,232,521
1,054,100
22,862,126,096
29
FACTOR RATE FORMULA
(As Recommended by NREB)
CRRWESM
Factor
Rate
Total
Annual
Payout
Factor
RateWESM
COMPONENTS
FD,AA,DA,
CRRNonWESM
Total
Annual
Payout
Factor
RateFIT All
DATA SOURCE
Cost Recovery Revenue-WESM
As computed
Total Annual Payout
As computed
Factor RateWESM
Collection Efficiency (Actual)
1- PEMC Collection Efficiency
FD,AA,DA, CRRNon-WESM
Factor RateFIT-All
𝟏
𝟏𝟐
As computed
Collection Efficiency (Actual)
+(𝟏−𝑪𝒐𝒍𝒍𝒆𝒄𝒕𝒊𝒐𝒏 𝑬𝒇𝒇𝒊𝒄𝒊𝒆𝒏𝒄𝒚𝑬𝑪,𝑫𝑼,𝑵𝑮𝑪𝑷 )
𝑪𝒐𝒍𝒍𝒆𝒄𝒕𝒊𝒐𝒏 𝑬𝒇𝒇𝒊𝒄𝒊𝒆𝒏𝒄𝒚𝑬𝑪,𝑫𝑼,𝑵𝑮𝑪𝑷
30
FACTOR RATE
Factor
Rate
FD,AA,DA,
CRRNon-
CRRWESM
Factor
RateWESM
Total
Annual
Payout
Factor
RateFIT All
WESM
Total
Annual
Payout
CRRWESM
FD,AA, DA, CRRNonWESM
Annual Payout
13,405,891,346
9,456,234,750
Divided By: Total Annual Payout
22,862,126,096
22,862,126,096
0.5864
0.4136
X Factor Rate
0.73%
12.30%
Weighted Factor Rate
0.43%
5.09%
Ratio
Effective Factor Rate
5.5145%
*per NREB Resolution No. 3 Series of 2014
31
WCA ENDING BALANCE COMPUTATION, Php
Forecast CRR Receivable (Sept 2015-Dec 2015)
3,837,875,248.49
Expected CRR Collection (99.27% Collection Efficiency) 3,810,015,943.94
Estimated Uncollected CRR
Add: 2015 Disbursement Allowance
WCA Deficiency
27,859,304.54
739,990.00
28,599,294.54
32
WORKING CAPITAL ALLOWANCE (WCA)
PhP
WCA t+1
Forecast Annual
Payout t+2
Technology
Forecast Annual Payout
x Factor Rate
Equals: Portion of Annual Payout
Less: WCA Ending Balance (Year n)
Working Capital Allowance
WCA P/kWh
Factor Rate
2016
19,677,619,818
5.5145%
1,085,129,553
WCA Ending
Balancet
2017
22,862,126,096
5.5145%
1,260,740,318
(28,599,295)
1,289,339,613
0.0189
33
ADMINISTRATION ALLOWANCE (AA)
TransCo proposes an Administration
Allowance of zero (0).
34
DISBURSEMENT ALLOWANCE, PhP
ANNUAL TRUST FEE
720,000.00
BSP Supervision Fee (1/28 of 1%) of Asset Under Management
281,599.95
ONCOL FEE Php 40.00/ transaction (free 180 transactions)
DISBURSEMENT ALLOWANCE, Php
DISBURSEMENT ALLOWANCE, Php/KWh
52,500.00
1,054,099.95
0.00002
35
SUMMARY OF 2016 FIT ALL RATE APPLICATION
FIT ALL
RATE,
P/kWh
FD
COMPONENTS
FD
WCA
AA
DA
Total
FNS, kWh
FIT-All, Php/kWh
WCA
AA
DA
FNS
Amount (Php) Rate (P/kWh) Share
8,761,692,333
0.1281
87.16%
1,289,339,613
0.0189
12.83%
0.0000
0.00%
1,054,100
0.0000
0.01%
10,052,086,045
68,380,633,362
0.1470
36
2016 FIT-ALL RATE BUILD-UP, Php/kWh
Increase from 2014-2015
Application
2014-2015 Approved FIT-All Rate
SOURCES OF INCREASE (DECREASE)
1. Change In Energy Sales (Denominator)
2. Change in Energy Generation
FIT Differential
WCA
3. Change in FIT Rate/ACRR
FIT Differential
WCA
4. Change in Factor Rate
WCA
5. Inclusion of Administrative Allowance
Administrative Allowance
DA Effect on WCA
6. Inclusion of Disbursement Allowance
Disbursement Allowance
DA Effect on WCA
7. WCA, Ending Balance
8. FIT Differential Underrecoveries
NET INCREASE (DECREASE)
2016 FIT-All Rate
Build-Up
0.0406
Pesos
1,080,780,822.65
4,386,951,533.72
3,676,324,470.08
710,627,063.64
231,544,904.42
247,120,185.13
(15,575,280.70)
(286,704,903.71)
(286,704,903.71)
1,112,228.68
1,054,099.95
58,128.73
28,599,294.54
Pesos/kWh
0.0158
0.0642
0.0538
0.0104
0.0034
0.0036
(0.0002)
(0.0042)
(0.0042)
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0004
0.0564
0.1205
1,835,907,894.08
0.0268
0.1470
5,700,389,489.47
0.1064
0.1239
0.1197
0.1197
0.1197
0.1202
37
ADDITIONAL ANALYSIS: RE PLANT STATUS
as of October 2015
Plant Type
WITH FIT
WITH
WITH PAYMENT COC/EFFECTIVE WITH COE FROM
NOMINATION
AS OF OCT. 5 P.D. REPA BUT NOT
DOE
FROM DOE
YET BEING PAID
No.
MW
SOLAR
6
68.08
WIND
3
249.90
2
BIOMASS
2
20.19
HYDRO
1
12
TOTAL
No.
MW
No.
MW
2
33.00
1
8.13
346.30
No.
No.
MW
64.30
8
132.38
3
144.00
7
426.90
22.64
5
45.10
11
119.93
1
14.00
2
5.60
4
27.73
4
69.64
12
259.00
30
706.94
2
2
MW
TOTAL
32
32
38
INCREMENTAL MOVEMENT OF THE 2016 FIT-ALL
FOR DIFFERENT RE PLANT/PROJECT CATEGORIES
MW
MWH
With
With FIT COC
Payment
Increase/
As of
Total
(Decrease)
October 5,
345.92
69.64
415.56
807,951
172,651
980,602
With COE
With Nomination
Others in the DOE List
Increase/
(Decrease)
Total
Increase/
(Decrease)
Total
Increase/
(Decrease)
Total
259.00
626,073
674.56
1,606,675
32.00
153,032
706.56
1,759,707
463.84
719,933
1,170.39
2,479,639
0.0883
0.0095
0.0000
0.0000
0.0042
0.0005
0.0000
0.0000
0.0925
0.0100
0.0000
0.0000
0.0356
0.0089
0.0000
0.0000
0.1281
0.0189
0.0000
0.0000
0.0978
0.0047
0.1025
0.0445
0.1470
FIT-ALL Rate, P/kWh
FD
0.0508
0.0034
0.0543
0.0341
WCA
0.0058
0.0004
0.0062
0.0032
AA
0.0000
0.0000
0.0000
0.0000
DA
0.0000
0.0000
0.0000
0.0000
FIT-ALL
0.0566
0.0038
0.0605
0.0373
Rate,
FIT COC- Certificate of Compliance Issued by the ERC
COE-Certificate of Endorsement issued by the DOE
Nomination-Issued by the COE
39
FIT-ALL APPLICATION-PRAYER
a. To grant Provisional Authority to collect the FIT-All of PhP/kWh 0.1025
effective January 2016 billing period
b. To direct Collection Agents such as DUs, RES and NGCP to bill, collect
and remit the FIT-All to the FIT-All Fund as provided in the FIT-All
Guidelines
c. To direct PEMC and Host DUs to remit the CRR to the FIT-All Fund as
provided in the FIT-All Guidelines
d. To approve the Factor Rate resulting from an updating of inputs in the
recommended formula by the NREB under the 2014-2015 FIT-All
Application and adopt the same in the computation of the WCA and the
FIT-All Rate for 2016
e. To approve the FIT-All Rate for 2016 as applied after due notice and
hearing, OR IN THE ALTERNATIVE, such other amount as may be found
by the ERC to be consistent with the FIT-All Guidelines and on the basis
of new and updated information not available at the time of filing
f. To waive the payment of ERC supervision fees, if any
40
III. STATUS UPDATE
41
RE PLANT STATUS
as of March 7, 2016
Plant Type
WITH PAYMENT
AS OF MARCH 5
P.D.
No.
MW
WITH FIT
WITH
COC/EFFECTIVE WITH COE FROM
NOMINATION
REPA BUT NOT
DOE
FROM DOE
YET BEING PAID
No.
MW
No.
MW
No.
MW
No.
MW
92
10
301
20
461
7
427
SOLAR
6
68
WIND
5
358
2
69
BIOMASS
5
56
1
14
5
56
2
15
13
140
HYDRO
2
22
1
4
1
2
1
8
5
36
18
504
4
87
10
149
13
323
45
1,063
TOTAL
4
TOTAL
42
END OF PRESENTATION
Thank you.