PRIVATESECTORINITIATEDPOWERPROJECTS(VISAYAS)COMMITTEDAsof30September2014

Committed/Indicative

NameoftheProjectProject

ProponentLocation

RatedCapacity(MW)

ProjectStatusTargetTesting&Commissioning

TargetCommercialOperation

COAL 352.00

Committed

TPCCoalFiredPowerPlantExpansionProject(1x82MWCoalFiredPowerPlant

ToledoPowerCompany

ToledoCity,Cebu

82

FinancialArrangementSecured:LoanagreementwithBanksinplace,financialcloseon07March2013(70%Loan/30%Equity);SecuredClearancefromDOEfortheconductofGISon3March2011;ECCissuedlast28August2012;BOICertificateofRegistrationNo.2012225last23October2012;Ongoingconstruction(asofApril201490.2%completed);Groundbreakingon11November2012;ProjectfeeisPhp10.17B

October2014 December2014

Committed

2X135MWConcepcionCoalfiredPowerPlant

Phase1135MW(1stUnit)

Phase2135MW(2ndUnit)

PalmThermalConsolidatedHoldingsCorp.

Brgy.Nipa,Concepcion,

Iloilo270

FinancialArrangementSecured:Doneon24July2013;SecuredClearancefromDOEfortheconductofGISon14June2012;SISReportapprovedbyNGCPon17July2012;SecuredtheAppraisalreportforthePPA/MLAfromtheDENRRegionalDirector;CommencementofConstructionfor1stUniton18July2013;2ndUnitonSeptember2014(specificdatesforthe2ndunitwillstillfirmedupafter1stunit'scommencementofconstruction);Offtaker:SignedElectricPowerPurchaseAgreements(EPPA)withVRESCO(5MW)14Nov.2012,NOCECO(10MW)31Jan.2013,NORECO(1MW)13Feb.2013,CENECO(22.6MW)on11March2013,PECO(10MW)on20May2013,AKELCO(12MW)on22Aug.2013,andCAPELCO(2MW)on5Sep.2013;Groundbreakingofconstructionon15Jan.2013;CommencementofConstruction1stUnit18July2013,2ndUnit(specificdatesforthe2ndunitwillstillbefirmeduplater;Procurementofpowerplant'smajorequipmenthasbeencompleted;Manufacturingofequipmentisongoing;Constructionasof31May2014;ScopeofWorks:a.PlantSite80%;b.CoalYard70%;PilingWorks:a.BoilerArea100%;b.ElectrostaticPrecipitator88.50%;TransmissionFacilitya.GeologicalandTechnicalInvestigation100%;b.RouteandParcellaySurvey95%;c.RightofWayAcquisitionc.1.No.ofTowerSitesAcquired138kV66%;69kV51%;c.2.No.ofInBetweenTowersAcquired138kV30.80%;69kV29.30%;AwardedtheTransmissionLineandSubstationProjecttoTBEAShenyang;Contractwassignedon17July2014;DOEEndorsementforNCIPforUnit1issuedon3June2014;ProjectcostisPhp26.356B

1stUnit3rdQuarterof20152ndUnitMay2016toSeptember2016(specificdatesforthe2ndunitwillstillbefirmedupafter1stunit'scommencementofconstruction)

1stUnit2ndQuarterof20162ndUnitNovember2016(specificdatesforthe2ndunitwillstillbefirmedupafter1stunit'scommencementofconstruction);

GEOTHERMAL 50.00

CommittedNasuloGeothermalProject

EnergyDevelopmentCorporation

Nasuji,Valencia,NegrosOriental

50

FinancialArrangementSecured;tobefinancedbyEDC(100%equity);Undergoingreliabilityrun(aspartoftestingandcommissioningactivities)SecuredClearancefromDOEfortheconductofGISon21November2011;CertificateofCommercialityandCertificateofAdditionalInvestmentobtained;DOEServiceContractwithinGRESC#200910002;LGUendorsement,LandUsePermits,DENRECC,andWaterRightsobtained;StartofconstructionJanuary2013;StartofReliabilityTestonMay2014;OngoingconstructionstartedonJan2013;Groundbreakingon11November2012;Projectaccomplishment:Phase1(civilworks)99.34%;Phase2(Electromechanicalworks)99.32%;Projectcost$91M

October2014October2014(TargetTesting&Commissioning)

PRIVATESECTORINITIATEDPOWERPROJECTS(VISAYAS)COMMITTEDAsof30September2014

Committed/Indicative

NameoftheProjectProject

ProponentLocation

RatedCapacity(MW)

ProjectStatusTargetTesting&Commissioning

TargetCommercialOperation

HYDROPOWER 16.00

Committed VillasigaHEPSunwestWater&ElectricCo.,Inc.

Brgy.Igsoro,Bugasong,Antique

8.00

FinancialArrangementSecuredfromBank;Variouspermitsobtained(WaterPermitlast19Februaru2010,ReconnaisancePermit,ECClast8July2010,BOIlast24November2010andDOEHydropowerServiceContractlast1February2010);AlreadysecuredLGUEndorsements,DENREnvironmentalComplianceCertificate;Submittedfeasibilitystudy,detailedengineeringdesignand5YearWorkPlan;Offtaker:EnergySalesAgreementwithAntiqueElectricCooperative;ProjectcostPhp1.4BConstructionis98%completeasof11June2014;ProjectcostPhp1.4B

September2014September2014(TargetTesting&Commissioning)

Committed CantakoyQuadriverEnergyCorp.

Danao,Bohol 8.00FinancialArrangementSecured;SecuredClearancefromDOEfortheconductofGISon11July2011;ConstructionwasonholdduetoconflictwithLGU

June2017 June2017

SOLAR 9.00

Committed

SanCarlosSolarPhotovoltaicPowerProject(PhaseB9MW)

SanCarlosSolarEnergyInc.

SanCarlosCity,NegrosOccidental

9.00

FinancialArrangementSecured:100%equityfinanced;AwardedwithSolarEnergyServiceContract(SESCNo.201309037)on30October2013;AcquiredECCfromDENR,MunicipalandBarangayResolutionsofSupport,LeaseAgreementswithlandowners,andEPCContractwithConergyandSchemaKonsult,Inc.;SubmittedaphotocopiesofSubscriptionAgreementdated02May2013foratotalamountofUSD48.2MillionbetweenSACASOLanditssponsor,ThomaslloydCleantechInfrastructureFundGmbh,withthecorrespondingNotesissuedamountingtoUSD1.9MM;AcquiredtheDOECertificateofConfirmationofCommercialityon03March2014;SecuredClearancefromDOEfortheconductofGISon25June2013;AcquiredNGCPSystemImpactStudy,approvedFacilityStudyandConnectionAgreement;InagurationofSacasol115May2014ConstructionStageasof30September2014(Preconstruction100%completed,ConstructionofSolarFarm100%completed,Interconnection100%completed);ObtainedSystemImpactStudyfromNGCP;PhaseAwassuccessfullycommissionedandstartedcommercialoperationon15May2014;TotalprojectcostisUS$43.1Million;

Phase2August2014

Phase2August2014(PhaseBsuccessfullycommissionedandalreadystartedcommercialoperationon16August2014

PRIVATESECTORINITIATEDPOWERPROJECTS(VISAYAS)COMMITTEDAsof30September2014

Committed/Indicative

NameoftheProjectProject

ProponentLocation

RatedCapacity(MW)

ProjectStatusTargetTesting&Commissioning

TargetCommercialOperation

WIND 104.00

Committed

NabasWindPowerProjectPhaseI34PhaseII16

PetroWindEnergyCorporation

Brgy.Pawa,Nabas,Aklan

50

FinancialArrangementSecured:Submittedacertificationdated31August2012fromitsLeadArranger,ensuringtherequiredfinancingisalreadyavailableifneeded;AwardedwithWindEnergyServiceContract(WESCNo.200909002)on14Sept2009;Conducteddetailedwindresourceassessment;CompletedfinalfeasibilitystudyonAug2012;SecuredClearancefromDOEfortheconductofGISon16September2011;SISFinalReportfromNGCPdated1Oct2012;AcquiredECCfromDENRdated4Jun2012;AcquiredCNOfromNCIP;securedBarangay,Municipal,andProvincialResolutionsofSupport;EPCContractwithEEICorp.secured31Jul2012;HeadsofAgreementwithAKELCOforT/Lconstructionsecured28Nov2012;AcquiredtheDOECertificateofConfirmationofCommercialityon31May2013;Ongoingconstructionasof30September2014(Preconstruction98%completed,Construction20%completed,Interconnection69%completed);OngoinglandrightsacquisitionforWTGFoundations,accessroads,andcivilworksonaccessroads;TotalprojectcostisUS$118.44M;

Phase1(36MW)January2015

Phase2(14MW)3rdQuarter2015

Phase1(36MW)January2015

Phase2(14MW)3rdQuarter2015

(TargetTestingandCommissioning)

Committed54MWSanLorenzoWindPowerProject(8MW&46MW)

TransAsiaRenewableEnergyCorporation

SanLorenzo,GuimarasIsland

54

FinancialArrangementSecuredon12December2012(30%equityand70%debt);AwardedwithWindEnergyServiceContract(WESCNo.200910009)on23Oct2009;Conducteddetailedwindresourceassessment;Completedfeasibilitystudy;SecuredvariousLGUpermitsandResolutionofSupport;SecuredECCpermitforthewindfarmon19February2010;SecuredNCIPCertificateofNonOverlapon23July2010;SecuredSystemImpactStudyFinalReportfromNGCP;SecuredECCfortheconstructionofoverheadT/Lon14May2012;SecuredECCfortheupgradingofIloiloGuimarasSubmarineCableon14May2012;SecuredCAAPHeightClearancefor27WindTurbineGenerators;SecuredDPWHRightofWaypermitforoverheadT/L;SecuredContracttoLease/Sellfromlandowners;TurnkeyEPCContractawardedtoKanetmatsuinNovember2012;AcquiredDOECertificateofConfirmationofCommercialityon16May2013;ConductedGroundbreakingCeremonyon30June2013;Ongoingconstructionasof30September2014(PreConstruction100%complete,Construction33%complete,Interconnection77%complete;InstallationofWIndTurbineGenerator(WTG)sets:20%;OngoinglandrightsacquisitionforWTGFoundations,accessroads,andcivilworksonaccessroads;Erected350outof383polesforoverheadTL;OngoingtestingofIloiloGuimarasSubmarineCable;OngoingstringingofoverheadTL;TotalprojectcostisUS$140.9Million;

December2014December2014(TargetTestingandCommissioning)

PRIVATESECTORINITIATEDPOWERPROJECTS(VISAYAS)COMMITTEDAsof30September2014

Committed/Indicative

NameoftheProjectProject

ProponentLocation

RatedCapacity(MW)

ProjectStatusTargetTesting&Commissioning

TargetCommercialOperation

BIOMASS 55.00

Committed46MWUniversalRobinaCorporationBagasseCogenerationFacility

UniversalRobinaCorporation

Kabankalan,Negros

Occidental31.00

FinancialArrangementSecured;BREOCNo.201311040;IssuedCertificateConfirmationofCommercialityon24April2014;Ongoingconstruction:ProjectProgressasof30September2014:Preconstruction:100%;Construction:34%;Interconnection:73%)Ongoingconstructionasof31May2014(OverallAccomplishment45%completed)a.PowerHouseStructuralandCivilWorks;b.SteamTurbineGeneratorHouseStructuralWorks;c.BoilerHouseStructuralandCivilWorks;d.CoolingTowerFoundationWorks;e.TransmissionFacilityClearancetoUnderatakeGISfromDOEissuedon18October2013;

Phase1(16MW)December2014

Phase2(30MW)December2014

Phase1(16MW)December2014

Phase2(30MW)December2014(TargetTestingandCommissioning)

Committed20MWSCBiopowerBagasseFiredPowerGenerationProject

SanCarlosBiopowerInc.

NegrosOccidental

18.00

FinancialArrangementSecured;Ongoingsitedevelopment;Variouspermitspermitsobtained(ECC,LGUEndorsement,LandUsePerit,etc);HasEPC;SECsecured29July2009;ECCsecured28June2011;SecuredClearancefromDOEfortheconductofGISon22June2011;GIScompleted4June2012;EPCsigned10Aug.2012;CommencementofconstructiononDec.2012;ScopeofWorkcompletion:AdminBuilding46.48%;ConstructionofTemporaryaccessroad24.56%;SiteDevelopmentforWarehouse,elctrical&machineshop87.14%;SiteDevelopmentforFuelShedNo.227.56%;InstallationofWIndTurbineGenerator20%;Projectcostis$3.5B

December2015December2015(TargetTesting&Commissioning)

Committed12MWHPCoBagasseCogenerationPlant

HawaiianPhilippinesCompany

SilayCity,Negros

Occidental3.00

FinancialArrangementSecured;BREOCNo.201302029;IssuedCertificateConfirmationofCommercialityon22January2014;ConstructingsubstationandtransmissionlinegoingtoNGCP;SecuredClearancefromDOEfortheconductofGISon25March2013;DeclaredCapacityis8MWbutwillbeexporting3MWtothegrid;IssuedDeclarationofCommercialityon22January2014;100%Constructed(OperatingforOwnUse);ProjectStatusasof30September2014:Preconstruction100%,Construction93%,Interconnection15%;ConstructionofInterconnectionFacilityistargetedat3rdweekofSeptember2014;CompletionfateofTransmissionLinestilldependsontheissuanceofSISfromNGCP;Willonlystartconstructionupontherelease/issuanceoftheSIS;Increasedcapacityfrom8MWto12MWasperamendmentofBREOCNo.201302029whichtookeffecton9June2014;OperatingforOwnUseonOctober2013;

November2014November2014(TargetTestingandCommissioning)

Committed34MWVMCIBagasseFiredCogenerationPlant

VictoriasMillingCompanyInc.

NegrosOccidental

3.00

FinancialArrangementSecured;SecuredClearancefromDOEfortheconductofGISon29May2013;ApprovedSISonSept2014;AmendedCapacityfrom2MWto3MWon4September2014;OperatingforOwnUse;

TotalCommittedRatedCapacity 586.00