ADFIAP participates in ESCO business development workshop

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HEMS 222As an implementing partner of the EU grant-funded SWITCH Asia High Efficiency Motors (HEMS) project, ADFIAP participated in the ESCO Business Development Workshop on March 1-4, 2016 at the Microtel Acropolis, Quezon City, Philippines.

The workshop, which was attended by ESCO representatives nationwide, consisted of seven (7) Modules: Module 1 – Conducting an Investment Grade Audit; Module 2 – Re-Canvassing the Business Model; Module 3 – Establishing a Baseline; Module 4 – Financial Model Analysis; Module 5 – Investment Structuring/Equipment Leasing/Alternative Funding Sources for ESCOS; Module 6 – Contracts and Risk Mitigation; and Module 7 – Developing a Business Plan. Atty. Alberto B. Reyno, Managing Principal and Ms. Arlene S. Orencia, Head-Projects and Programs of ADFIAP Consulting, were among the resource persons/speakers for Modules 4 to 6. Also in attendance from ADFIAP Consulting were Ms. Cora Conde, Group Head; Ms. Cecile Ibarra, Head – Training and Advocacy; Ms. Cristy Aquino, Head-Business Development and Ms. Emy Chavez, Consultant.

The HEMS project will tap, among others, energy service companies (ESCOs) in converting regular motors into high-efficiency motors to achieve savings through operational efficiency. ESCOs provide a broad range of energy solutions, including designs and implementation of energy savings projects, retrofitting, energy conservation, energy infrastructure outsourcing, power generation, energy supply and risk management. ESCOs start by performing an analysis of the project, designs an energy efficient solution, installs the required elements and maintains the system to ensure energy savings during the payback period. The savings in energy costs are often used to pay back the capital investment of the project over a period of time.

The HEMS project, led by the Institute of Integrated Electrical Engineers of the Philippines (IIEES), is a 4-year capacity-building program that aims to increase energy efficiency of electricity-intensive industries and achieve reduction in electricity consumption as well as to reduce contribution of industries in greenhouse gas (GHG) emissions. Specifically, the HEMS project aims to increase the deployment of more efficient electric motors and drive systems in Philippine industries. The other partners of the HEMS project include the European Chamber of Commerce of the Philippines (ECCP), Asia Society for Social Improvement and Sustainable Transformation, Inc. (ASSIST), Association Action for Sustainable Development, and the International Copper Association of South East Asia (ICASEA).

For more details about the HEMS program, please visit its website at www.hems.ph.

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