8/14/12 st-coal-philippines

1/2www.industcards.com/st-coal-ph.htm

Coal-Fired Power Plants in the Philippines

CalacaLocation: Batangas

Operator: SEM-Calaca Power CorpConfiguration: 2 X 300 MW

Operation: 1984-1995Fuel: bituminous and subbituminous coal

Boiler supplier: FW, MHIT/G supplier: Toshiba, GEC-Alstom

EPC: Commonwealth Engineers, MHIQuick facts: Unit-1 was the first 300-MW class coal-fired plant in the country. In July 2009, the plant was

sold to DMCI Holdings for $361.71mn.

Photograph by Avilash Rould

Re-posted 21 Aug 2010

MasinlocLocation: Zambales

Operator: Masinloc Power Partners Co LtdConfiguration: 2 X 330 MW

Operation: 1998-1999Fuel: coal

Boiler supplier: MHIT/G supplier: MHI, Melco

EPC: Stone & Webster, Commonwealth Engineers,MHI

Quick facts: After an international auction process,PSALM awarded the Masinloc plant to a consortium

of YNN Holdings Corp and Great Pacific FinancialGroup for $561.7mn in Dec 2004. This was the

largest Philippine power plant divesture to that dateand the price was both double the next highest bid

and substantially above the expected bid. In theevent, the consortium could not consummate the

sale and the plant was rebid in Jul 2007 andeventually sold to a consortium led by AES Corp.

Financing closed in mid-April 2008, with theparticipation of the ADB, IFC and a syndicate of

commercial banks. AES has made extensiveinvestments to recover lost capacity and improve

plant efficiency and environmental operations.Masinloc was named a Power magazine Top Plantin 2011. Two more 300-MW units are in planning.

Photograph courtesy of Power

Re-posted 16 Oct 2011

MindanaoLocation: Misamis Oriental

Operator: STEAG State Power IncConfiguration: 2 X 116 MW

Operation: 2006Fuel: bituminous coal

Boiler supplier: KawasakiT/G supplier: Toshiba

EPC: Kawasaki, Commonwealth Engineers CoQuick Facts: This plant at the Phivdec Industrial

Estate near Cagayan de Oro City was approved byNPC and PSALM in Sep 2003. The lead financingwas by Taiwan’s State Investment Trust which hasan 11% stake in the project with STEAG taking an89% stake. The project dates to 1996 when a 25yrPPA was signed. This was formalized in Oct 2001and in Apr 2002, Kawasaki was awarded the EPCcontract for the plant, which burns Indonesian coal.Construction started in Jan 2004 and the plant cost

$305mn. Financial close was in Dec 2003 with agroup of lenders including JBIC, Nippon Export and

Insurance Corp,and Germanys KfW, BayerischeHypo-und Vereinsbank, and Dresdner Bank.

Photograph courtesy of STEAG

Posted 13 Jan 2007

Naga City-2Location: Cebu

Operator: Kepco Phillipines CorpConfiguration: 2 X 103 MW

Operation: 2010-2011Fuel: coal

Boiler supplier: DoosanT/G supplier: Doosan

EPC: Doosan

PagbilaoLocation: Quezon

Operator: TeaM Energy CorpConfiguration: 2 X 367 MW

Operation: 1996Fuel: coal

Boiler supplier: MHIT/G supplier: MHI, Melco

EPC: B&V, Slipform

QuezonLocation: Quezon

Operator: Quezon Power LtdConfiguration: 1 X 490 MW

Operation: 1999Fuel: coal

Boiler supplier: FWT/G supplier: GE

EPC: BechtelQuick facts: This IPP on a 100ha site in Maubanhas electrostatic precipitators, low-NOX burners,

8/14/12 st-coal-philippines

2/2www.industcards.com/st-coal-ph.htm

Quick facts: In Jun 2004, a 200-MW coal-fired IPPextension to the 100-MW coal-fired plant at NagaCity, in Cebu was officially launched as a result ofbilateral agreements signed by the Philippine and

Korean governments. Development was by a 60:40joint venture of Kepco and Salcon Power Corp from

Singapore. The Philippine Board of Investmentsapproved incentives for the project, which has twoCFB boilers and burns local coal from Semirara

Mining Corp. The project cost an estimated$278mn.

Photograph by edgar j ediza (fl ickr)

Posted 30 May 2012

Quick facts: This site is only 15km from Manila onthe southwestern tip of Pagbilao Grande island, but

the location is isolated from heavy transportationlinks and the construction logistics were daunting.While about $45mn over the initial budget, and not

inexpensive at $1,300/kW, Pagbilao was a model forfast-track IPP deployment in developing countries.

In Jun 2007, Mirant sold the Pagbilao and Sual coal-fired plant and a 20% stake in the Ilijan combined-

cycle plant to TeaM Energy Corp for $3.424bn.TeaM is a joint venture of Tepco Intl and Marubeni

Corp.

Photograph courtesy of Power

Posted 8 Sep 2004

and an FGD scrubber. Union Bank of Switzerlandagreed to underwrite up to $600mn of bank financingfor the $860mn project, which also includes a 31kmtransmission line. The project has a 25yr PPA withMeralco. In late 1997, lead developer InterGen sold

a 26% stake in Mauban to Global PowerInvestments LP, formed in 1994 by GE Capital,

Soros Fund Management, and International FinanceCorp. InterGen retains a 46% stake, with Covanta

having a 26% share and PMR holding 2%. The planthas a long-term coal supply contract with

Indonesia’s PT Adaro and Kaltim Prima and burnsabout 1.65mn tons per year. Dedicated port and

coal handling facilities were built.

Photograph courtesy of Covanta

Posted 28 Sep 2005

SualLocation: Pangasinan

Operator: TeaM Energy CorpConfiguration: 2 X 647 MW

Operation: 1999Fuel: bituminous coalBoiler supplier: Stein

T/G supplier: GEC-AlstomEPC: GEC-Alstom, Arup, Slipform

Quick facts: This is the largest coal-fired powerstation in the Philippines. Development started whenConsolidated Electric Power Asia Ltd (a subsidiaryof Hopewell Holdings) bid and won a $900mn BOOTtender for a 1,000-MW power station at Sual. Site

prep started in 1995 and construction started in Feb1996. Uni-1 went commercial in Oct 1999. The

142ha site is on Bangayao Point on Lingayen Gulf.The plant has wet limestone FGD scrubbers fromAlstom: these were the first FGD systems in the

country. The stack is 226m tall.

Photograph courtesy of tinypic

Re-posted 22 Aug 2010

Toledo NewLocation: Cebu

Operator: Kepco Phillipines CorpConfiguration: 3 X 82 MW

Operation: 2011Fuel: coal

Boiler supplier: Formosa Heavy IndustriesT/G supplier: Kawasaki, Toshiba Mitsubishi-Electric

Industrial SystemsEPC: Formosa Heavy Industries

Quick facts:In Sep 2004, Mirant announced that itwould build a 100-MW CFB at its Sangi plant inToledo City, Cebu, for $100mn. The project wastaken forward by Global Business Power Corp,

which completed a trio of 82-MW, CFB coal-firedunits at the site in 2011.

Photograph by mmcg968 (fl ickr)

Posted 30 May 2012

Abbreviations

Data: industcards, Platts UDI World Electric Power Plants Data Base

Updated 30-May-2012

Home