Business Model Alpha Sell excess electricity to the local utility to generate income for the community Subsidize electricity cost Business development loans Problems Only 25 kW system >3 hour hike from nearest road No transmission lines Conclusion: Substantial Social Benefit NOT PROFITABLE
Identifying the Opportunity 51 identified sites in Ifugao alone have the potential to generate 25KW or more The cost of electricity in Ifugao is the highest in the nation
Business Model Beta NCIIA Advanced Invention to Venture Workshop at Stanford University in Feb 2010 Focus on long lasting impact and Sustainability Business Plan must be Economically Viable
HELPCoHydro Electric Production Company Jordan Ermilio Mahmoud Kabalan Dr. James Klingler Dr. Pritpal Singh Diane Tamir
Executive Summary HELPCo is a start-up company geared towards producing clean affordable electricity in the Philippines. We are a for-profit organization, focused on social entrepreneurship and sustainable change. HELPCo generates electricity using the proven, reliable, sustainable technology of hydro electric systems.
Company Goals Receive $3 Million in Investment Finish first site in three years Begin generating revenue by year four Expand company Increase access to electricity in rural communities Become a highly respected, well known energy producer in the Philippines Stimulate the economy Short Term Long Term
Near Term Market IFELCo: Ifugao Electric Company 51 identified sites with potential of >25kW Highest electricity rates in the country Constant blackouts Cordillera Administrative Region Largest mountain range in the country
Long Term Market 20 Million Filipinos are still without electricity* over 20% Tax incentives for clean/ renewable energy Stable affordable pricing Transitioning Economy Agriculture Services/ Manufacturing * Philippines National Electrification Administration