Privatization
Privatization Update: Contracted Capacities Assigned to IPPAs

Successfully Bid Out IPP Contracted Capacities to IPPAs (as of 31 December 2018)

NPC-Independent Power Producers (IPP) Contracts
Power Plant Contracted Capacity (in MW) Location Privatization / Turnover Date IPP Administrator Winning Bid Price
Pagbilao Coal Fired Thermal Power Plant 700.00 Pagbilao, Quezon 01-Oct-09 Therma Luzon Inc. USD 691,099,003
Sual Coal Fired Thermal Power Plant 1,000.00 Sual, Pangasinan 06-Nov-09 San Miguel Energy Corporation USD 1,072,000,000
San Roque HEPP 345 San Manuel, Pangasinan 26-Jan-10 Strategic Power Development Corporation USD 450,000,399
Bakun Mini-HEPP 70.00 Alilem, Ilocos Sur 26-Feb-10 Vivant Sta. Clara Northern Renewables Generation Corporation USD 145,473,518
Ilijan Natural Gas-Fired Combined Cycle Power Plant 1200.00 Batangas City, Batangas 26-Jun-10 South Premiere Power Corporation USD 870,000,473
Pagbilao Coal-Fired Power Plant 100.00 Leyte 26-Dec-14
Total Capacity 3,415.00 MW

* Unified Leyte Strips of Energy totalling to 100MW out of 200MW have been privatized in 2014 at a winning bid price of PhP4.6629/kWh.

 Current strip owners are:

  1. Aboitiz Energy Solutions, Inc. (40MW)
  2. Unified Leyte Geothermal Energy Inc. (40MW)
  3. Vivant Energy Corporation (17MW)
  4. Waterfront Mactan Casino Hotel, Inc. (3MW)