current status and future opportunities in the Philippines Saing, Richard Templado creator Pacudan, Romeo B. Chairperson Mohanty, Brahmanand Examination committee Lacrosse, Ludovic Examination committee His Majesty King Bhumibol Aduljadej, Kingdom of Thailand Scholarship donor text series technical report th Bangkok Asian Institute of Technology 1999 continuing eng 110 leaves The present evolution of the electricity industry in most of the developing countries like The Philippines gives new economic approaches. The study presents an economic and financial analysis of investment in co-generation technology in selected industries and evaluates the factors affecting co-generation development in the country using four different cases. Three case studies are presented including the existing co-generation facilities (small-scale) with different applications and the on-going 300 MW co-generation projects undertaken by the private sector through unsolicited proposal under the "build-operate-transfer" scheme were analyzed. The study responds in view of the government's thrust to encourage private sector to participate in power generation business utilizing self-reliance energy resources that will add new dimension in the power sector industry. Economic indicators were used in the evaluation of each project such as; the net present value, the internal rate of return, and the simple payback period analyses in evaluating its financial and economic feasibility commonly used in the decision process for investments. The results of the analyses shows that all cases yields a profitable returns on investment with the internal rate of returns higher than the market rate. Also, the study reviews the existing policy and institutional framework in order to identify the major barriers that will affects the low penetration and development of co-generation technology. Chapter 5 discusses the identified barriers on co-generation development by comparing the Thailand case, while part of the results indicates some factors, which generally affect the viability of co-generation investment such as; discount rates, electricity & fuel costs, operating and maintenance costs, initial capital investment costs. Most importantly, lack of government incentives and clear policies contributes to the low interest of potential investors for co-generation system was established. A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering. School of Environment Resources and Development Thesis (M.Eng.) - Asian Institute of Technology, 1999 Cogeneration of electric power and heat Philippines Asian Institute of Technology. http://203.159.5.9/ait-thesis/detail.php?q=B12779 http://203.159.5.9/ait-thesis/detail.php?q=B12779 220200 20260817172955.0