1. ENCLAVE POWER COMPANY LIMITED
2019 PROPOSAL FOR DISTRIBUTION SERVICE CHARGE PRESENTED TO THE PURC

2. About Enclave Power Company
Part of LMI Holdings, a diversified, privately-owned Ghanaian group with asset holdings in excess of US$ 250 million
Main business areas for LMI Holdings outlined below.
Electricity Distribution
Telecommunications – Internet Services / Data Storage
Water Distribution
Power Generation
Utilities
Construction
General Construction
Concrete products and Quarrying
Plant Pool and Equipment Leasing
Land Investments
Development of Industrial Parks
Development of Residential Estates
Free Zones Developers
Logistics
Railway Development
Warehousing
Container Terminals

3. About Enclave Power Company
Ghana’s first and only private, licensed electricity distribution company
Wholly Ghanaian-owned, with close to 20 years of experience in power distribution
Current licensed area of operation - Tema Free Zones Enclave (840 acres); Dawa Industrial Park (2,000 acres); Murphy Homes Residential Estates, Dawa Housing (354 acres)
Power sales of about 160 GWh in 2018, up by about 4% from 2017

4. Customers Customers currently only Special Load Tariff (SLT) customers
Blend of local and multi-national companies; free zones and non-free zones companies
Customer population grown from 13 in 2011 to about 90 in 2018
Maximum demand grown from 7 MVA in 2011 to 45 MVA in 2018
Steel Works

5. Customers Categorisation
Two main categorise of customers
De-regulated Customers (Free Zones Enterprises)
Regulated Customers (Non Free Zones Entities
In general the consumption of the Non Free Zones out strips that of the Free Zones
In % for Regulated consumer and 40% for De-regulated consumer.
2019 Estimated for 65%-70% Regulated consumers

6. Bulk Supply Points
In addition to the standard distribution network infrastructure, Enclave Power owns, operates and maintains TWO (2) BSPs.
161/34.5/11.5 kV in Tema commissioned in 2015
330/34.5 kV in Dawa commissioned in September 2018

7. Demand and Energy Forecast 2018 -2023
Parameter
2018
2019
2020
2021
2022
2023
GWh Billed
160
185
238
284
312
343
Total System Peak - MVA 45 57 69 76 88
100
Regulated Market (Non-SLT Customers) -

8. Supply Plan 2018 -2023 Generating Station/Plant 2018 (Actual) GWh 2019
2020
2021
2022
2023
VRA
160
185
218
274
292
323
IPPs -
Others
Enclave Solar Plant 20
TOTAL
238
284
312
343

9. Investment Plan 2018-2023 (USD)
Item
2018
2019
2020
2021
2022
2023 HV
515,000
5,790,000
2,200,000
Distribution Scheme and Low Voltage Main Panel -
Capacitors
100,000
SCADA
500,000
1,000,000
Primary Substation (Cost)
5,000,000
Meters
45,000

10. Investment Plan 2018-2023 (USD)
Item
2018
2019
2020
2021
2022
2023
Test Equip & Specialized Tolls -
500,000
Service Cables
Distribution Automation
200,000
Motor Vehicles & Vans
84,600
56,000
IT & Telecom
5,515
6,000
Lands and Buildings
2,228,832

11. Summary of Costs (GHS)
2018
2019
2020
2021
2022
2023
Cost of Capital
4,833,847
7,669,170
4,801,230
3,164,331
2,020,899
745,151
Operating Expenses
9,461,916
12,211,414
14,016,365
15,872,593
16,911,008
19,086,290
Working Capital
13,486,598
16,833,491
18,746,905
21,054,097
23,478,168
26,178,837
Depreciation
3,698,704
4,085,202
4,866,514
5,340,477
5,582,689
6,274,902
Corporate Tax -
Revenue Requirement
38,261,042
47,808,095
54,533,007
65,744,002
77,549,581
92,097,031

12. Tariff Proposal 2018 2019 2020 2021 2022 2023 Personnel Costs
2018
2019
2020
2021
2022
2023
Personnel Costs
2,369,563
4,399,544
5,049,312
5,795,529
6,652,560
7,636,916
Admin Costs
2,321,901
2,236,667
2,522,537
2,792,787
3,137,577
3,532,473
Int. on Working Capital
743,586
710,000
720,000
500,000
Operation & Maintenance
328,161
780,000
858,000
1,443,800
1,038,180
1,141,998
Depreciation
3,698,704
4,085,202
4,866,514
5,340,477
5,582,689
6,274,902
Finance Cost
4,833,847
7,669,170
4,801,230
3,164,331
2,020,899
745,151
Dist. Losses
2,376,000
2,752,003
3,540,004
4,220,704
4,642,775
5,107,052
ROCE
21,589,279
25,175,507
32,175,407
42,486,372
53,974,898
67,158,537
Total Cost
38,261,042
47,808,095
54,533,007
65,744,002
77,549,581
92,097,031
kWH Billed
160,000,000
185,320,080
238,384,096
284,222,506
312,644,757
343,909,232
Cost/kWh (GHp)
0.24
0.26
0.23
0.25
0.27