ACQUISITION AND REHABILITATION OF THE MASINLOC COAL- FIRED THERMAL POWER PLANT
| Project Name | ACQUISITION AND REHABILITATION OF THE MASINLOC COAL- FIRED THERMAL POWER PLANT | ||||
| Project Number | 41936-014 | ||||
| Borrower/Company | |||||
| Country | |||||
| Location | |||||
| Approval Number | 7273/2405 | ||||
| Type of ADB Assistance / Amount |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | |||||
| Sector / Subsector | Energy - Conventional energy generation |
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| Gender Equity and Mainstreaming | |||||
| Responsible ADB Department | Private Sector Operations Department | ||||
| Responsible ADB Division | Infrastructure Finance Division 2 | ||||
| Responsible ADB Officer | Kurumi Fukaya | ||||
| Project Sponsor(s) | AES Corporation |
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| 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. |
| 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 |
| Due Diligence | 12 Oct 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 Public Communications Policy (PCP) 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.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| 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 |
Evaluation Documents See also: Independent Evaluation
| Title | Document Type | Document Date |
|---|---|---|
| Philippines: Acquisition and Rehabilitation of the Masinloc Coal-Fired Thermal Power Plant | Project Performance Evaluation Reports | Mar 2015 |
Related Publications
None currently available.
The Public Communications Policy (PCP) 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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