Privatization Update: Generation Assets Sold
Power Plant Rated Capacity
(in MW)
Location Winning Bidder Winning Bid Price (US$) Turnover Date
PB 104 32 Davao City, Davao Del Sur SPC Power Corporation $4.66 Million 30-June-16
Power Barge 101
Power Barge 102
Power Barge 103
96 Bo. Obrero, Iloilo City Subic, Zambales Trans-Asia Oil and Energy Development Corporation $9.31 Million 08-Jul-15
Angat Hydroelectric Power Plant 218 Norzagaray, Bulacan Korea Water Resources Corporation (K-Water) $438.97 Million 31-Oct-14
Naga Power Plant 153.1 Colon, Naga, Cebu SPC Power Corporation $30.71 Million 25-Sept-14
Bacon-Manito Geothermal Power Plants 150 Bacon, Sorsogon & Manito, Albay Bac-Man Geothermal, Inc. $28.25 Million 03-Sept-10
Power Barge 117 100 Agusan del Norte Therma Mobile Inc. $16 Million 01-Mar-10
Power Barge 118 100 Compostela Valley Therma Marine Inc. $14 Million 06-Feb-10
Naga Land-Based Gas Turbine Power Plant 55 Colon, Naga, Cebu SPC Power Corporation $1.01 Million 29-Jan-10
Limay Combined Cycle Power Plant 620 Limay, Bataan Panasia Energy Holdings, Inc. $13.50 Million 18-Jan-10
Batangas (Calaca) Coal-Fired Thermal 600 Calaca, Batangas Sem Calaca Power Corporation $361.71 Million 03-Dec-09
Palinpinon-Tongonan Geothermal Power Plants 305 Valencia, Negros Oriental & Kananga, Leyte Green Core Geothermal, Inc. $220 Million 23-Oct-09
Amlan Hydroelectric Power Plant 0.8 Amlan, Negros Oriental Amlan Hydroelectric Power Corporation (AHPC) $0.23 Million 24-Jun-09
Tiwi-MakBan Geothermal Power Plants 747.53 Tiwi, Albay & Laguna/ Batangas AP Renewables, Inc. $446.89 Million 25-May-09
Panay 1 & 3- Bohol Diesel Power Plants 168.5 Dingle, Iloilo & Tagbilaran, Bohol SPC Island Power Corporation $5.86 Million 25-Mar-09
Ambuklao-Binga Hydroelectric Power Complex 175 Bokod & Itogon, Benguet SN Aboitiz Power Hydro Inc. $325 Million 10-Jul-08
Masinloc Coal-Fired Thermal Power Plant 600 Masinloc, Zambales Masinloc Power Partners Co., Ltd. $930 Million 17-Apr-08
Magat Hydroelectric Power Plant 360 Ramon, Isabela SN Aboitiz Power-Magat, Inc. $530 Million 25-Apr-07
Pantabangan-Masiway Hydroelectric Power Plants 112 Pantabangan, Nueva Ecija First Gen Hydro Power Corporation $129 Million 17-Nov-06
Loboc Hydroelectric Power Plant 1.2 Loboc, Bohol Sta. Clara Power Corporation $1.42 Million 30-Jun-05
Cawayan Hydroelectric Power Plant 0.4 Guinlajon, Sorsogon Sorsogon II Electric Cooperative, Inc. $0.41 Million 30-Jun-05
Agusan Hydroelectric Power Plant 1.6 Manolo Fortich, Bukidnon FG Bukidnon Power Corporation $1.53 Million 29-Mar-05
Barit Hydroelectric Power Plant 1.8 Buhi, Camarines Sur People's Energy Services, Inc. $0.48 Million 24-Jan-05
Talomo Hydroelectric Power Plant 3.5 Mintal & Catalunan Pequeño, Davao City HEDCOR, Inc. $1.37 Million 19-Jan-05
Decommissioned Plants
Sucat Thermal Power Plant 0 Muntinlupa City Riverbend Consolidated Mining Corporation $6.85 Million 02-Aug-17
Aplaya-General Santos Diesel 0 Misamis Oriental & General Santos City TEC Industries Inc. $1.49 Million 22-Oct-09
Cebu Diesel II 0 Talavera, Toledo City, Cebu Taifu Metal Exchange Corporation 0.46 Million 25-May-09
Manila Thermal 0 Manila Gagasan Steel Inc. 2.51 Million 20-Feb-09
Total Capacity 4,601.43 MW

Note: The winning bid prices for Limay CCPP, Naga LBGT, Masinloc CFTPP, Panay DPP, Palinpinon-Tongonan GPPs, Panay-Bohol DPPs, Tiwi-Makban GPPs, and Batangas CFTPP include rentals, option price for purchase of land and purchase orders.