SUBSTATIONS & SUBTRANSMISSION PLANSAMAR ELECTRIC COOPERATIVES

EXISTING SYSTEM MAPOF SAMAR ISLAND COOPS

BAGOLIBAS S/S5/6.25 MVABAGOLIBAS NGCP S/S10 MVA-138/69 KVWRIGHT NGCP S/S138/69 KVCATBALOGANS/S10/12.5 MVAPARANAS S/S5/6.25 MVABUENAVISTA S/S5/6.25 MVACABONGS/S5/6.25 MVATAFT S/S3.75 MVASAN AGUSTINS/S5/6.25 MVACAPOOCANS/S5/6.25 MVAPALANASS/S5/6.25 MVALAWAAN S/S3.75 MVACATARMAN S/S5/6.25 MVAALLEN S/S5/6.25 MVAEXISTING SYSTEM MAP 2010CALBAYOG NGCP S/S138/69 KV

2011- 2030 DEMAND MW FORECASTOF SAMAR ISLAND COOPS

2011-2030 DEMAND MW FORECAST per COOP

YEARDEMAND MWESAMELCOSAMELCO ISAMELCO IINORSAMELCOTOTAL201112.69410.69510.72611.33045.446201213.47511.30211.13712.07247.986201314.31112.00811.59912.96550.883201415.20812.82512.11814.03554.186201516.17213.76312.69915.30857.942201617.20714.83513.34616.81262.200201718.31916.05114.06618.57267.008201819.51417.42214.86220.61672.415201920.79818.95915.74122.97078.467202022.17620.67316.70525.66085.214202123.65322.57517.76128.71392.703202225.23524.67718.91332.156100.982202326.92826.99020.16736.014110.099202428.73729.52421.52640.316120.103202530.66732.29022.99741.525127.480202632.72535.30124.58342.771135.379202734.91538.56626.28944.054143.824202837.24342.09728.12145.376152.837202939.71545.90530.08346.737162.440203042.33750.00032.18048.139172.656

PROPOSED SUBSTATION LOCATION (2011 2030)

OF SAMAR ISLAND COOPS

PROPOSED SUBSTATION FOR 2011 BOBON S/S15/20 MVACATARMAN S/S5/6.25 MVACAPOOCANS/S5/6.25 MVACABONGS/S5/6.25 MVACAPOOCANS/S15/20 MVACABONGS/S15/20 MVA MAPANAS S/S5/6.25 MVA GUIUAN S/S5/6.25 MVA VILLAREALS/S5/6.25 MVA

PROPOSED SUBSTATION FOR 2012 ORAS S/S5/6.25 MVATAFT S/S3.75 MVA TINAMBACAN S/S5/6.25 MVA

PROPOSED SUBSTATION FOR 2016 GANDARA S/S10/12.5 MVA

PROPOSED SUBSTATION FOR 2017 OQUENDO SS10/12.5 MVAPALAPAGSS5/6.25 MVA

PROPOSED SUBSTATION FOR 2018 SAN ISIDRO S/S5/6.25 MVA

PROPOSED SUBSTATION FOR 2020 LAWAAN SS5/6.25 MVA CATARMAN S/S10/12.5 MVA

PROPOSED SUBSTATION FOR 2021RAWIS SS15/20 MVABASEY SS5/6.25 MVA PAMBUJAN SS5/6.25 MVA

PROPOSED SUBSTATION FOR 2024 ROSARIO S/S5/6.25MVA

PROPOSED SUBSTATION FOR 2025CALBIGA S/S5/6.25 MVA GUIUAN S/S2-5/6.25 MVA

PROPOSED SUBSTATION FOR 2028DARAM S/S5/6.25 MVA

PROPOSED SUBSTATION FOR 2029 LOKILOKON S/S3.75 MVA LLORENTE S/S5/6.25 MVA

PROPOSED SUBSTATION FOR 2030

2011 -2015 Substation w/ 69 kV Expansion

Samar Island Coops

PROPOSED SUBSTATION FOR 2011 BOBON S/S15/20 MVACAPOOCANS/S5/6.25 MVACABONGS/S5/6.25 MVACAPOOCANS/S15/20 MVACABONGS/S15/20 MVA MAPANAS S/S5/6.25 MVA GUIUAN S/S5/6.25 MVA VILLAREALS/S5/6.25 MVA

PROPOSED SUBSTATION FOR 2012 ORAS SS5/6.25 MVATAFT SS3.75 MVA TINAMBACAN S/S5/6.25 MVA

PROPOSED 69 KV LINE LOOP FOR 2013-2015 PROJECT 1 LOOPINGTINAMBACAN ALLEN 69 KV LINEPROJECT 3 LOOPINGMAPANAS ORAS 69 KV LINEPROJECT 2 LOOPINGSTA RITA BUENAVISTA 69 KV LINE

SUMMARY OF CAPEX PROJECTS

SAMAR ISLAND COOPS2011 - 2015

A. ACQUISITION OF 69 kV LINE:

Note: Price Acquisition based on TRANSCO Offer in CY 2007.

COOPTOTAL 69 KV LENGTH (KM)TOTAL AMOUNT (Php)SAMELCO 183.00100,632,000.00SAMELCO 220.5922,999,385.00ESAMELCO190.50309,476,295.74NORSAMELCO169.00272,618,812.38TOTAL463.09705,726,493.12

B. REFURBISHMENT/REHABILITATION OF EXISTING 69 kV LINE:

Note: Estimated Cost of Refurbishment of 69 kV

COOPTOTAL 69 KV LENGTH (KM)TOTAL AMOUNT (Php)SAMELCO 183.00 44,252,000.00 SAMELCO 220.59 8,064,864.48 ESAMELCO190.50 185,685,777.44 NORSAMELCO169.00 190,833,168.67 TOTAL463.09 424,836,610.59

C. RELIABILITY PROJECTSLOOPING OF 69 KV LINE:NOTE: Cost of New 69 kV line estimated at Php 2.6M/km including ROW.

LOCATIONTOTAL 69 KV LENGTH (KM)TOTAL AMOUNT (Php)YEAR of IMPLEMENTATIONTINAMBACAN - ALLEN70.00187,600,000.002013 - 2015STA RITA - BUENAVISTA110.00286,000,000.002013 - 2015MAPANAS - ORAS64.00172,000,000.002013 - 2015SAMELCO I (LOOP)2.35,980,000.002013 - 2015TOTAL244651,580,000.00

D. SUBSTATION & SUBTRANSMISSION EXPANSION

Note: Includes the Construction of Substation & Subtransmission

COOPTOTAL 69 KV LENGTH (KM)TOTAL AMOUNT (Php)SAMELCO 117 76,081,249.50SAMELCO 2101.5 112,940,000.00ESAMELCO156 263,496,058.62NORSAMELCO54.4 184,170,000.00TOTAL329 636,687,308.12

SUMMARY OF PROJECTS

PROJECTTOTAL AMOUNT (Php)ACQUISITION OF 69 KV LINE705,726,493.12REFURBISHMENT/REPLACEMENT OF 69 kV LINE424,836,610.59RELIABILITY PROJECTS651,580,000.00 EXPANSION PROJECTS636,687,308.12TOTAL2,418,830,411.83

SUMMARY OF 2010 RESIDUAL & CONNECTION CHARGES per COOPAverage rate for Res & Connection Charges (existing) = 0.7946 Php/kwhr.

EC2010 kWh PurchasedResidual Charges (Annual)Connection Charges (Annual)TOTAL (Residual + Connection)Rate per kWhrESAMELCO54,454,706.00 703,423.08 80,810,811.36 81,514,234.44 1.496918SAMELCO I50,079,092.00 9,291,712.20 2,621,753.16 11,913,465.36 0.237893SAMELCO II52,577,312.00 1,586,335.56 2,886,505.56 4,472,841.12 0.085072NORSAMELCO60,863,161.00 11,406,593.04 63,910,073.04 75,316,666.08 1.237475TOTAL217,974,271.00 22,988,063.88 150,229,143.12 173,217,207.00 0.794668

RATE IMPACT ANALYSIS FOR CAPEX PROJECTSAverage rate for Res & Connection Charges (existing) = 0.7946 Php/kwhr.Average rate for Res & Connection Charges (new) = 1.809 Php/kwhr.

20112012201320142015TOTALFORECAST ENERGY PURCHASED KWHR226,526,960.28244,611,142.07264,899,205.51287,588,105.89312,874,777.161,336,500,190.92PROJECTED REVENUE409,973,978.57442,703,168.73479,420,997.25520,483,918.62566,248,348.672,418,830,411.83TOTAL CAPEX WITH DEBT SERVICING1,455,456,586.27311,793,825.56217,193,333.33217,193,333.33217,193,333.332,418,830,411.83NET REVENUE FOR CAPEX-1,045,482,607.70130,909,343.17262,227,663.92303,290,585.29349,055,015.330.00

THANK YOU.

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