41936-014: ACQUISITION AND REHABILITATION OF THE MASINLOC COAL- FIRED THERMAL POWER PLANT

Project Data Sheet (PDS): Overview


Description

The Project involves acquisition, rehabilitation, and operation of the existing 600 megawatt (MW) Masinloc coal-fired thermal power plant in Zambales province by Masinloc Power Partners Co. Ltd. (MPPCL), an indirect subsidiary of AES Corporation of the United States. The electricity generated from the plant will be sold through the wholesale electricity spot market (WESM) for the Luzon grid and bilateral contracts. The Masinloc plant was one of the generation assets of National Power Corporation (NPC) targeted for privatization through the Power Sector Assets and Liabilities Management Corporation (PSALM) under the Electric Power Industry Reform Act of 2001 (EPIRA). EPIRA provides the legal basis and framework for restructuring of the Philippine electricity sector. Read More

Country Philippines
Borrower/Equity Investment Name MASINLOC POWER PARTNERS CO. LTD.
Project Number 41936-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7273
Approval Date 15 Jan 2008
Closing Date 15 Feb 2023
Geographical Location Zambales Province, Philippines
Sector / Subsector Classification Energy
/ Conventional Energy
Thematic Classification Economic growth
Private sector development
Safeguard Categories Environment: B
Resettlement: C
Indigenous People: C

Results Delivered

Installed energy generation capacity (megawatt equivalent) 450

The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the ADB Results Framework Indicators Definition.

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Project Data Sheets (PDS)

Responsible ADB Officer
Kurumi Fukaya
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Infrastructure Finance Division 2

PDS Creation Date
23 Oct 2007

Last PDS Update
10 Jul 2012

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