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Coal-Fired Power Plants in the Philippines

Masinloc Location: Zambales Operator: Masinloc Power Partners Co Ltd Configuration: 2 X 330 MW Operation: 1998-1999 Fuel: coal Boiler supplier: MHI T/G supplier: MHI, Melco Calaca EPC: Stone & Webster, Commonwealth Engineers, Location: Batangas MHI Operator: SEM-Calaca Power Corp Quick facts: After an international auction process, Configuration: 2 X 300 MW PSALM awarded the Masinloc plant to a consortium Operation: 1984-1995 of YNN Holdings Corp and Great Pacific Financial Fuel: bituminous and subbituminous coal Group for $561.7mn in Dec 2004. This was the Boiler supplier: FW, MHI largest Philippine power plant divesture to that date T/G supplier: Toshiba, GEC-Alstom and the price was both double the next highest bid EPC: Commonwealth Engineers, MHI and substantially above the expected bid. In the Quick facts: Unit-1 was the first 300-MW class coalevent, the consortium could not consummate the fired plant in the country. In July 2009, the plant was sale and the plant was rebid in Jul 2007 and sold to DMCI Holdings for $361.71mn. eventually sold to a consortium led by AES Corp. Financing closed in mid-April 2008, with the Photograph by Avilash Rould Re-posted 21 Aug 2010 participation of the ADB, IFC and a syndicate of commercial banks. AES has made extensive investments to recover lost capacity and improve plant efficiency and environmental operations. Masinloc was named a Power magazine Top Plant in 2011. Two more 300-MW units are in planning.
Photograph courtesy of Power Re-posted 16 Oct 2011

Mindanao Location: Misamis Oriental Operator: STEAG State Power Inc Configuration: 2 X 116 MW Operation: 2006 Fuel: bituminous coal Boiler supplier: Kawasaki T/G supplier: Toshiba EPC: Kawasaki, Commonwealth Engineers Co Quick Facts: This plant at the Phivdec Industrial Estate near Cagayan de Oro City was approved by NPC and PSALM in Sep 2003. The lead financing was by Taiwans State Investment Trust which has an 11% stake in the project with STEAG taking an 89% stake. The project dates to 1996 when a 25yr PPA was signed. This was formalized in Oct 2001 and in Apr 2002, Kawasaki was awarded the EPC contract for the plant, which burns Indonesian coal. Construction started in Jan 2004 and the plant cost $305mn. Financial close was in Dec 2003 with a group of lenders including JBIC, Nippon Export and Insurance Corp,and Germanys KfW, Bayerische Hypo-und Vereinsbank, and Dresdner Bank.
Photograph courtesy of STEAG Posted 13 Jan 2007

Naga City-2 Location: Cebu Operator: Kepco Phillipines Corp Configuration: 2 X 103 MW Operation: 2010-2011 Fuel: coal Boiler supplier: Doosan T/G supplier: Doosan EPC: Doosan

Pagbilao Location: Quezon Operator: TeaM Energy Corp Configuration: 2 X 367 MW Operation: 1996 Fuel: coal Boiler supplier: MHI T/G supplier: MHI, Melco EPC: B&V, Slipform

Quezon Location: Quezon Operator: Quezon Power Ltd Configuration: 1 X 490 MW Operation: 1999 Fuel: coal Boiler supplier: FW T/G supplier: GE EPC: Bechtel Quick facts: This IPP on a 100ha site in Mauban has electrostatic precipitators, low-NOX burners, 1/2


st-coal-philippines and an FGD scrubber. Union Bank of Switzerland agreed to underwrite up to $600mn of bank financing for the $860mn project, which also includes a 31km transmission line. The project has a 25yr PPA with Meralco. In late 1997, lead developer InterGen sold a 26% stake in Mauban to Global Power Investments LP, formed in 1994 by GE Capital, Soros Fund Management, and International Finance Corp. InterGen retains a 46% stake, with Covanta having a 26% share and PMR holding 2%. The plant has a long-term coal supply contract with Indonesias PT Adaro and Kaltim Prima and burns about 1.65mn tons per year. Dedicated port and coal handling facilities were built.
Photograph courtesy of Covanta Posted 28 Sep 2005

Quick facts: In Jun 2004, a 200-MW coal-fired IPP Quick facts: This site is only 15km from Manila on extension to the 100-MW coal-fired plant at Naga the southwestern tip of Pagbilao Grande island, but City, in Cebu was officially launched as a result of the location is isolated from heavy transportation bilateral agreements signed by the Philippine and links and the construction logistics were daunting. Korean governments. Development was by a 60:40 While about $45mn over the initial budget, and not joint venture of Kepco and Salcon Power Corp from inexpensive at $1,300/kW, Pagbilao was a model for Singapore. The Philippine Board of Investments fast-track IPP deployment in developing countries. approved incentives for the project, which has two In Jun 2007, Mirant sold the Pagbilao and Sual coalCFB boilers and burns local coal from Semirara fired plant and a 20% stake in the Ilijan combinedMining Corp. The project cost an estimated cycle plant to TeaM Energy Corp for $3.424bn. $278mn. TeaM is a joint venture of Tepco Intl and Marubeni Corp.
Photograph by edgar j ediza (flickr) Posted 30 May 2012 Photograph courtesy of Power Posted 8 Sep 2004

Sual Location: Pangasinan Operator: TeaM Energy Corp Configuration: 2 X 647 MW Operation: 1999 Fuel: bituminous coal Boiler supplier: Stein T/G supplier: GEC-Alstom EPC: GEC-Alstom, Arup, Slipform Quick facts: This is the largest coal-fired power station in the Philippines. Development started when Consolidated Electric Power Asia Ltd (a subsidiary of Hopewell Holdings) bid and won a $900mn BOOT tender for a 1,000-MW power station at Sual. Site prep started in 1995 and construction started in Feb 1996. Uni-1 went commercial in Oct 1999. The 142ha site is on Bangayao Point on Lingayen Gulf. The plant has wet limestone FGD scrubbers from Alstom: these were the first FGD systems in the country. The stack is 226m tall.
Photograph courtesy of tinypic Re-posted 22 Aug 2010

Toledo New Location: Cebu Operator: Kepco Phillipines Corp Configuration: 3 X 82 MW Operation: 2011 Fuel: coal Boiler supplier: Formosa Heavy Industries T/G supplier: Kawasaki, Toshiba Mitsubishi-Electric Industrial Systems EPC: Formosa Heavy Industries Quick facts:In Sep 2004, Mirant announced that it would build a 100-MW CFB at its Sangi plant in Toledo City, Cebu, for $100mn. The project was taken forward by Global Business Power Corp, which completed a trio of 82-MW, CFB coal-fired units at the site in 2011.
Photograph by mmcg968 (flickr) Posted 30 May 2012

Abbreviations Data: industcards, Platts UDI World Electric Power Plants Data Base Updated 30-May-2012 Home