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--></style><title>April 23 seminar-First large-scale
photovoltaic/hydro</title></head><body>
<blockquote><font color="#000000">Cepalco</font></blockquote>
<blockquote><font color="#000000"><br></font></blockquote>
<blockquote><font color="#000000">Ramon Abaya, Chairman and CEO,
Cagayan Electric Power and Light Company, Inc., and President,
Mindanao Energy Systems, Inc.</font></blockquote>
<blockquote><font color="#000000">Ed Kern,</font> Research Engineer,
MIT Lab for Energy and the Environment</blockquote>
<blockquote><font color="#000000"><br></font></blockquote>
<blockquote><font color="#000000">Friday, April 23,
2004</font></blockquote>
<blockquote><font color="#000000">2:00-3:30 pm</font></blockquote>
<blockquote><font color="#000000">E40-496</font></blockquote>
<blockquote><font color="#000000"><br></font></blockquote>
<blockquote><font color="#000000">The developing world's first large
scale joint photovoltaic / hydro grid-connected project is undergoing
final acceptance testing in the Philippines. The Cagayan de Oro Power
& Light Company (CEPALCO), a private utility based on the island
of Mindanao, has installed a 1 MW on-grid field of PV modules at
a cost of approximately US$5 million to maximize the efficiency of the
7 MW Bubunawan hydroelectric facility that has recently been put into
service. The proposed PV installation is being designed to meet peak
power needs during the daytime and allow the dam, which has
insufficient water flow to run 24/7, to store capacity for evening
use. The PV plant is constructed about 5 km southeast of the business
district in the city of Cagayan de Oro, which is located within
CEPALCO's distribution system, thus avoiding transmission and
distribution losses.</font></blockquote>
<blockquote><font color="#000000"><br></font></blockquote>
<blockquote><font color="#000000">The project is the first significant
use of grid-connected PV in a developing country. The project concept
is being promoted by IFC and GEF as a demonstration of the
environmental and economic benefits of the combined use of hydro and
PV-based power (if PV prices eventually fall as independent experts
predict). According to certain studies, there are approximately
360,000 MW of potentially suitable hydro plants in high solar
insolation regions in developing countries that could benefit from
combined hydro / PV projects.</font></blockquote>
<blockquote><font color="#000000"><br></font></blockquote>
<blockquote><font color="#000000">This seminar will also include a
discussion by Mr. Abaya of developments in the evolution of the
electric power sector in the Philippines and an overview on some
technical details of the PV and hydro systems that form this World
Bank / IFC / GEF pilot project by Dr. Kern from the Laboratory for
Energy and the Environment.</font></blockquote>
<blockquote><font color="#000000"><br></font></blockquote>
<blockquote><font color="#000000">Mr. Ramon Abaya is chairman and CEO
of Cagayan Electric Power and Light Company, Inc., and president of
Mindanao Energy Systems, Inc. He is also the director of the
Philippine Electric Plant Owner Association that works on energy
policy and regulation. He has experience working with the Philippine
government's incentives for renewable energy development projects.
Mr. Abaya received his BA in history and government from Ateneo de
Manila University, MBA from the Wharton School, University of
Pennsylvania, MPA from Harvard's Kennedy School of Government, and
MS in financial economics from the University of
London.</font></blockquote>
<blockquote><font color="#000000"><br></font></blockquote>
<blockquote><font color="#000000">Part of the Environment and
Sustainability Seminar Series sponsored by the MIT Laboratory for
Energy and the Environment
<<u>http://lfee.mit.edu</u>></font></blockquote>
<blockquote><font color="#000000"><br></font></blockquote>
<blockquote>Light refreshments will be provided.</blockquote>
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<div><font
color="#000000">_________________________________</font></div>
<div><font color="#000000">Karen L. Gibson</font></div>
<div><font color="#000000">Program Assistant</font></div>
<div><font color="#000000">MIT Laboratory For Energy and the
Environment</font></div>
<div><font color="#000000">77 Massachusetts Avenue,
E40-469</font></div>
<div><font color="#000000">(1 Amherst St., E40-469 - for DHL and
FedEx)</font></div>
<div><font color="#000000">Cambridge, MA 02139 USA</font></div>
<div><font color="#000000">Tel: 1 (617) 258-6368; Fax: 1
(617) 258-6590</font></div>
<div><font color="#000000">http://lfee.mit.edu</font></div>
<div><font
color="#000000">http://globalsustainability.org</font></div>
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