| Author | Saing, Richard Templado |
| Call Number | AIT Thesis no.ET-99-15 |
| Subject(s) | Cogeneration of electric power and heat--Philippines
|
| Note | A thesis submitted in partial fulfillment of the requirements
for the degree of Master of Engineering. School of Environment Resources and Development
|
| Publisher | Asian Institute of Technology |
| Abstract | The present evolution of the electricity industry in most of the developing countries like
The Philippines gives new economic approaches.
The study presents an economic and financial analysis of investment in co-generation
technology in selected industries and evaluates the factors affecting co-generation
development in the country using four different cases. Three case studies are presented
including the existing co-generation facilities (small-scale) with different applications and the
on-going 300 MW co-generation projects undertaken by the private sector through unsolicited
proposal under the "build-operate-transfer" scheme were analyzed. The study responds in view
of the government's thrust to encourage private sector to participate in power generation
business utilizing self-reliance energy resources that will add new dimension in the power
sector industry.
Economic indicators were used in the evaluation of each project such as; the net present
value, the internal rate of return, and the simple payback period analyses in evaluating its
financial and economic feasibility commonly used in the decision process for investments. The
results of the analyses shows that all cases yields a profitable returns on investment with the
internal rate of returns higher than the market rate.
Also, the study reviews the existing policy and institutional framework in order to identify
the major barriers that will affects the low penetration and development of co-generation
technology. Chapter 5 discusses the identified barriers on co-generation development by
comparing the Thailand case, while part of the results indicates some factors, which generally
affect the viability of co-generation investment such as; discount rates, electricity & fuel costs,
operating and maintenance costs, initial capital investment costs. Most importantly, lack of
government incentives and clear policies contributes to the low interest of potential investors
for co-generation system was established. |
| Year | 1999 |
| Type | Thesis |
| School | School of Environment, Resources, and Development |
| Department | Department of Energy and Climate Change (Former title: Department of Energy, Environment, and Climate Change (DEECC)) |
| Academic Program/FoS | Energy Technology (ET) |
| Chairperson(s) | Pacudan, Romeo B.; |
| Examination Committee(s) | Mohanty, Brahmanand ;Lacrosse, Ludovic; |
| Scholarship Donor(s) | His Majesty King Bhumibol Aduljadej, Kingdom of Thailand |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 1999 |