Privatization
Privatization Update: Assigned Contracted Capacities to IPPAs

As of 30 June 2021, PSALM has successfully assigned six (6) Independent Power Producer (IPP) contracts to IPP Administrators with a combined contracted capacity of 3,355 megawatts.

Assigned Contracted Capacities to IPPAs

NPC-IPP Contracts Assigned to IPP Administrators
Power Plant Contracted Capacity (in MW) Location Bid Date Turnover Date Winning Bidder Winning Bid Price
Sual Coal-Fired Power Plant 1000.00 Pangasinan 28-Aug-09 06-Nov-09 San Miguel Energy USD1,072,00,768
Pagbilao Coal Fired Thermal Power Plant 700.00 Quezon 28-Aug-09 01-Oct-09 Therma Luzon Inc. USD691,099,003
San Roque Hydro Power Plant 345.00 Pangasinan 15-Dec-09 26-Jan-10 Strategic Power USD450,000,399
Bakun HEP Mini-Hydro Plant 70.00 Ilocos Sur 15-Dec-09 26-Feb-10 Amlan Power USD145,473,518
Ilijan Combined Cycle Power Plant 1200.00 Batangas 16-Apr-10 26-Jun-10 South Premiere USD870,000,473
Unified Leyte GPP (Strips of Energy) 1 40.00 Leyte 07-Nov-13 26-Dec-14 Unified Leyte Geothermal Energy Inc. (40 MW) PhP4.6629/kWh
Mindanao I and II (Mt. Apo 1 & 2) Geothermal Power Plants 2 95.22 North Cotabato 24-Sept-14 26-Dec-14 FDC Misamis Power Corporation -/2
Total Capacity 3,355.00 MW

[1] Unified Leyte Geothermal Power Plant IPP Contract/Power Purchase Agreement (PPA) was privatized in 2014 through the appointment of IPP Administrators for a total of 200 MW Strips of Energy; as of 30 December 2020, only 40 MW of UL Strips of Energy remain under IPPA while the other IPPA Administration Agreements were terminated due to contractual issues.

[2] IPP Contract/PPA for Mt. Apo 1 & 2 was privatized in 2014 through the appointment of FDC Misamis as IPPA, however, IPPA AA was terminated in December 2017 due to contractual issues.