Are utility scale solar projects the way forward in SEA?...2nd Annual Solar Energy South East Asia...

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2nd Annual Solar Energy South East Asia

November 25th , 2014

The Bangchak Petroleum Public Company Limited

Are utility scale solar projects the way forward in SEA?

Perspectives and experiences of experienced project developers.

Business Development Department

Mr. Pongpat Phukanud, Pongpat@bangchak.co.th

2

Company Profile

3

Business Culture

Develop sustainable business, while safeguarding environment and society

Vision

Shareholder Structure

4

PTT 27.22%

Ministry of Finance 9.98%

Public 62.8%

Subsidiaries

Bangchak Green Net Co., Ltd.

Bangchak Biofuel Co., Ltd.

Bangchak Solar Energy Co., Ltd.

49%

70%

100%

BCP Energy International Pte. Ltd.

100%

Associated Company

Ubon Bio Ethanol Co., Ltd.

21.28%

ASEAN Potash Mining Public Co., Ltd.

Related Companies

Fuel Pipeline Transportation Co., Ltd.

6.90%

5.07%

Business Portfolio

5

E&P Business

Complex Refinery

Produce high value gasoline and

diesel products

EURO IV Standard

Marketing Business

Retail Gas Service Station

Industrial Oil, Lubricant

Non-Oil Business : Inthanin

Coffee, Green Wash, etc.

Renewable Business

Biofuel Production; Ethanol, Biodiesel

Solar Power Plant

Refinery

Marketing

Exploration and Production Business

6

2002

First Launched Biofuel Product (GSH95)

2013

1985 Established name of

“Bangchak”

1994 IPO Listing

2009

Converted simple to

Complex Refinery

Euro IV

Standard 2011

2012

Fully Operated

Solar Power Plant

Phase 1

(38 MWPPA)

Fully Operated

Solar Power Plant

Phase 2

(32 MWPPA)

Euro V

Standard

&

Fully Operated

Solar Power Plant

Phase 3

(48 MWPPA) 2014

30 years of Bangchak, We’re Continue Growing

Renewable Portfolio

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8

BCP’s Solar Power Plant Business

9

Sunny Bangchak Project

Project Capacity (MWPPA)

Phase 1 38

Phase 2 32

Phase 3 48

Total 118

10

Bang-Pa-In, Ayutthaya 38 MWPPA

Project Information info

Electricity Production 66 GWh / Year

CO2 Reduction = Equivalent to Reforestation

38,000 ton CO2/Year = 28,000 Rais (4,400 Hectres)

Project Information info

Owner The Bangchak Petroleum PLC.

Location Bang Pa In, Ayutthaya

Capacity 30 + 8 MWPPA

Area Coverage 480 Rai

Commercial Operation 16 Jul 2012

Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +

5 years Tax 50% discount

Page : 11

Project Information info

Owner Bangchak Solar Energy Ltd.

Location Bamnetnarong, Chaiyaphum

Capacity 8 x 2 MWPPA

Area Coverage 254 Rais

Commercial Operation 5 Mar 2013

Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +

5 years Tax 50% discount

Bamnetnarong, Chaiyaphum 16 MWPPA

Project Information info

Electricity Production 38 GWh / Year

CO2 Reduction = Equivalent to Reforestation

20,000 ton CO2/Year = 14,500 Rais (2,300 Hectres)

Page : 12

Project Information info

Owner Bangchak Solar Energy Ltd.

Location Bang Pa Han, Ayutthaya

Capacity 8 x 2 MWPPA

Area Coverage 260 Rais

Commercial Operation 5 Apr 2013

Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +

5 years Tax 50% discount

Bang Pa Han, Ayutthaya 16 MWPPA

Project Information info

Electricity Production 38 GWh / Year

CO2 Reduction = Equivalent to Reforestation

20,000 ton CO2/Year = 14,500 Rais (2,300 Hectres)

Page : 13

Project Information info

Owner Bangchak Solar Energy Ltd. (Buriram)

Location Prakhonchai, Buriram

Capacity 8 MWPPA

Area Coverage 135 Rais

Commercial Operation 19 Mar 2014

Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +

5 years Tax 50% discount

Prakhonchai, Buriram 8 MWPPA

Project Information info

Electricity Production 19 GWh / Year

CO2 Reduction = Equivalent to Reforestation

11,000 ton CO2/Year = 8,000 Rais (1,300 Hectres)

Page : 14

Project Information info

Owner Bangchak Solar Energy Ltd. (Nakhon Ratchasima)

Location Dan-Khun-Tod, Nakhon Ratchasima

Capacity 8 MWPPA

Area Coverage 140 Rais

Commercial Operation 10 Apr 2014

Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +

5 years Tax 50% discount

Dan Khun Tod, Nakhon Ratchasima 8 MWPPA

Project Information info

Electricity Production 19 GWh / Year

CO2 Reduction = Equivalent to Reforestation

11,000 ton CO2/Year = 8,000 Rais (1,300 Hectres)

Page : 15

Project Information info

Owner Bangchak Solar Energy Ltd. (Buriram1)

Location Nong Kee, Buriram

Capacity 8 MWPPA

Area Coverage 116 Rais

Commercial Operation 11 Apr 2014

Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +

5 years Tax 50% discount

Nong kee, Buriram 8 MWPPA

Project Information info

Electricity Production 18 GWh / Year

CO2 Reduction = Equivalent to Reforestation

10,000 ton CO2/Year = 7,500 Rais (1,200 Hectres)

Page : 16

Project Information info

Owner Bangchak Solar Energy Ltd. (Prachinburi)

Location Kabinburi, Prachinburi

Capacity 16 MWPPA

Area Coverage 254 Rais

Commercial Operation 21 Apr 2014

Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +

5 years Tax 50% discount

Kabinburi, Prachinburi 16 MWPPA

Project Information info

Electricity Production 38 GWh / Year

CO2 Reduction = Equivalent to Reforestation

20,000 ton CO2/Year = 14,500 Rais (2,300 Hectres)

Page : 17

Project Information info

Owner Bangchak Solar Energy Ltd. (Chaiyaphum1)

Location Bamnetnarong, Chaiyaphum

Capacity 8 MWPPA

Area Coverage 150 Rais

Commercial Operation 24 Apr 2014

Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +

5 years Tax 50% discount

Bamnetnarong, Chaiyaphum 8 MWPPA

Project Information info

Electricity Production 19 GWh / Year

CO2 Reduction = Equivalent to Reforestation

11,000 ton CO2/Year = 8,000 Rais (1,300 Hectres)

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Benefits on Country of SUNNY BANGCHAK

Electricity Production :

250 GWh/Year

Reduce oil import

CO2 reduction

138,000 tonCO2/Year

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Go for Solar Roof in Thailand

Solar Roof on Service Station 11 Station Total 125 kW

(for quotas in 2013)

Partnership with Roof Owners

Background

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Trend of Large Scale Solar Project in Thailand

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New REDP Target (Revise in 2012)

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Alternative Energy Development Plan (AEDP: 2012-2021)

Renewable Energy in 2021

Solar Wind

2,000MW 1,200 MW

3,200MW

Biofuel

9 ML/D 6 ML/D Replace Oil 44%

25 ML/D Ethanol Biodiesel New Energy

New renewable

2 MW 1 MW 3 MW

Wave Geothermal

Biopower

3,630 MW 600 MW 4,390 MW

160 MW Biomass Biogas Waste

Hydro power

324 MW 1,608 MW

1,284 MW Hydro Reverse hydro

3,000MW 1,800MW 4,800MW

324 MW

4,800MW 3,600MW 400MW 8,800MW

Latest NEWS of Thailand’s Quota

Target in 2021

3,000 MW

Solar Farm 2,000 MW

Solar Roof 200 MW

Government office & Agricultural CO-OP NEW : 800 MW

Confirm

1,424 MW (PPA&COD)

Quota Left

576 MW

More Proposals

??

Quota Left

69 MW

House 31 MW

(Confirm)

Commercial 100 MW

(Confirm)

22

Latest FiT Incentives

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Type FIT 25 Y Estimated Quota

Solar Farm

(Ground-Mount)

(<90 MW) 5.66 THB/kWh

576 MW (Existing Application)

Roof-top - House

(<10 KW) 6.85 THB/kWh

69 MW (NEW Application)

Rooftop – Business

(>10-250 KW) 6.40 THB/kWh -

Rooftop – Business

(>250-1,000 KW) 6.01 THB/kWh -

Ground-Mount

(Government office and

Agricultural CO-OP)

(<5 MW/site)

5.66 THB/kWh 800 MW

(NEW Application)

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Tend to go Solar Roof

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More Challenging to do Solar Farm

Less Incentives

• Feed-in-Tariff • Tax

Regulation

• Capacity Factor • Strict COD • Quota Grid

Availability

• Overvoltage • Capacity

Social & Environment • CoP on Environmental • Public Participation

Location

• City Planning • Flood Area

• New FiT5.66 THB/kWh

• Only Tax Holiday for 8 years

• Many locations are low demand.

• Many locations have limited grid availability.

• Control 16% of

Capacity Factor

(Tentative)

• Issue NEW Code of Practice

on Environmental

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But also still have opportunities

Solar Farm for Agricultural CO-OP

• < 5 MW • FiT 5.66 THB/kWh • Upto 800 MW Quota

Go for Communities

Renewable Portfolio

Standard?

• Low carbon society • Environmental Concern

Grid Parity

• Electrical Price Increase

• Smart Grid

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NG resource will affect Thai electricity Price

65%

11%

10%

1% 4% 7% 3%

Natural Gas

Hydro

Lignite

Import

Coal Renewable

Oil

Source : Energy Policy and Planning Office, 2014 SCBEIC Report, Jan 2013

79%

18%

3% Source of NG

Gulf of Thailand

LNG

Myanmar

Source of Electricity in Thailand 2014

Source : Energy Policy and Planning Office, 2014 SCBEIC Report, Jan 2013 28

If Thailand need to import LNG

79%

18%

3%

Current Situation

Gulf of Thailand

LNG

Myanmar

82%

18%

Import LNG

LNG

Myanmar

Average Electricity Cost 3.5 THB/kWh

Average Electricity Cost 4.9 THB/kWh

Government Incentives

Scheme

(Adder, FiT, Tax Holiday)

Current Situation

Long Term : Going to Grid Parity

29

Electricity Price Rise

Renewable Cost of

Production Drop Grid Parity

Scheme

Own Use Commercial Power

Plant

Own Use for CSR,

Environment

Electrical Price Continue Rise

Renewable Cost Drop

BCP Solar Power Plant – Execution Experience

Not only good irradiation, but should concern these on site selection

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City Planning and Zoning

Local Demand & Grid Availability

Secure Customer by Acquire PPAs

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Feed-in-Tariff (THB/kWh)

Duration (years)

Solar 5.66 25

Factory License

33

Roof top < 1 MW is not require for Factory License

But Solar Farm is still require Factory License

Code of Practice of Environmental for PV Plant

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New issue in September 2014, for Electricity Producer from PV

• For both solar roof and

ground mounting

• Environmental Checklist

• Public Participation

• PV Waste management

• Un-build Plan

Public Participant

35

Public will more involved in Large Scale Solar Plant

2010 Start for PHASE 1 : Bang Pa In

36

Carefully Selecting the Equipment to reduce the risk

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Equipment Delivery

Quality Control of Equipment

• Factory Acceptance Test :

100% of Panels and Inverters

• Random and send to 3rd

Party Lab

• On site String Test for

Acceptance

• Final Test when

Commissioning

39

Quality Control of Installation

• Onsite Owner’s Engineer

from Technical Consults

• Project Management

Consultant (PMC)

• Experience Site Engineer

from BCP

• Acceptance by PMC or

Owner’s Engineer

Installation

PEA & EGAT Acceptance Before COD

40

• Accepted by PEA or EGAT before COD

Test when

First Sync until COD

Comply to

Grid Code and

Specification

• Designed Approved by PEA or EGAT

• Overvoltage and Power Factor Adjustable

THAILAND’s FLOOD CRISIS 2011

41

During our construction : Flood 2011

42

All Panel and Inverter are Submerged

43

How can we pass this tough situation?

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“Construction All Risk”

“Business Interruption”

Insurance Recovery Plan Quick Action

Finally : Project Complete

45

Operation and Maintenance

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Operation

o Modules Cleaning o Once / Month

o Security Guard

o Monitoring of Power Generation

o Accounting and Administration

Item

Visual Inspection

System Performance

Server Preventive

Transformers

HV Substation

o Preventive Maintenance

Maintenance

o Inverter Maintenance

o 0 – 5 Year : Warranty by suppliers

o 6 – 25 Year : Preventive Maintenance

o Full Preventive Maintenance (after 5 year)

o For all Electrical Equipment

Go for World Class Solar Power Plant

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Pongpat@bangchak.co.th

Tel. +662 335 4413

www.bangchak.co.th

Thank you

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