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

Nonsovereign (Private) Project | 41936-014

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

Project Details

  • Project Officer
    Fukaya, Kurumi
    Private Sector Operations Department
    Request for information
  • Country
    Philippines
  • Sector
    • Energy
Project Name ACQUISITION AND REHABILITATION OF THE MASINLOC COAL- FIRED THERMAL POWER PLANT
Project Number 41936-014
Borrower/Company
Country Philippines
Location
Type or Modality of Assistance
7273/2405 Loan USD 200.00 million Approved
Strategic Agendas Environmentally sustainable growth
Drivers of Change Private sector development
Sector / Subsector

Energy / Conventional energy generation
Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 2
Responsible ADB Officer Fukaya, Kurumi
Project Sponsor(s)
Description ACQUISITION AND REHABILITATION OF THE MASINLOC COAL- FIRED THERMAL POWER PLANT
Objectives and Scope
Linkage to Country/Regional Strategy The Project is fully in line with ADB_s country and energy sector strategies. The Project will immediately complement ADB_s Power Sector Development Program_s objectives of improving the country_s fiscal imbalance by catalyzing privatization of an NPC-owned power plant and bringing in revenues to the Government. The Project will also help to improve the investment climate by increasing the reliability of generating capacity for the commercial and industrial centers of the country. Successful acquisition and operation of the Masinloc plant by AES, a reputable and experienced independent power producer, will boost market confidence and induce follow-on privatization of NPC_s assets and new entry to the market. The Project will enhance competition in the Philippine market for electricity generation and, in the long run, help to drive electricity prices down.
Safeguard Categories
Environment
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 22 Nov 2007
Credit Committee Meeting -
Approval 15 Jan 2008
PDS Creation Date 23 Oct 2007
Last PDS Update 10 Jul 2012

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.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

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Title Document Type Document Date
Acquisition and Rehabilitation of the Masinloc Coal-Fired Thermal Power Plant Reports and Recommendations of the President Dec 2007

Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Title Document Type Document Date
Acquisition and Rehabilitation of the Masinloc Coal Fired Thermal Power Plant Project: Annual Monitoring Report 2010 Environmental and Social Monitoring Reports Dec 2010
Environmental and Social Performance Annual Monitoring Report 2009: Masinloc Coal Fired Thermal Power Plant Project Environmental and Social Monitoring Reports Aug 2009
Acquisition and Rehabilitation of the Masinloc Coal-Fired Thermal Power Plant Summary Initial Environmental Examination Nov 2007

Related Publications

None currently available.

The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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