As of May 2024, PSALM has successfully privatized and turned over to the winning bidders (Successor Generating Companies (SGCs) a combined capacity of 5,581.43 megawatts, covering thirty-four (34) generating assets.
Privatized Generating Power Plants
| Power Plant | Rated Capacity (in MW) |
Location | Bid Date | Turnover Date | Winning Bidder | Winning Bid Price |
|---|---|---|---|---|---|---|
| PSALM Owned Generating Plants | ||||||
| Talomo Hydroelectric Power Plant | 3.5 | Davao | 25 March 2004 | 19 Jan. 2005 | Hydro Electric Development Corporation | USD1,370,000 |
| Agusan Hydroelectric Power Plant | 1.6 | Bukidnon | 04 June 2004 | 29 March 2005 | First Generation Holdings Corporation | USD1,528,000 |
| Barit Hydroelectric Power Plant | 1.8 | Camarines Sur | 30 Sept. 2004 | 30 June 2005 | People’s Energy Services, Inc. | USD480,000 |
| Cawayan Hydroelectric Power Plant | 0.4 | Sorsogon | 30 Sept. 2004 | 30 June 2005 | Sorsogon II Electric Cooperative, Inc | USD410,410 |
| Loboc Hydroelectric Power Plant | 1.2 | Bohol | 10 Nov. 2004 | 30 June 2005 | Sta. Clara International Corporation | USD1,428,000 |
| Pantabangan-Masiway Hydroelectric Power Plant | 112 | Nueva Ecija | 06 Sept. 2006 | 17 Nov. 2006 | First Gen Hydropower Corporation | USD129,000,000 |
| Magat Hydroelectric Power Plant | 360 | Isabela | 14 Dec. 2006 | 25 April 2007 | SN Aboitiz Power Corporation | USD530,000,000 |
| Masinloc Coal-Fired Thermal Power Plant | 600 | Zambales | 26 July 2007 | 17 April 2008 | Masinloc Power Partners Co. Ltd. | USD930,000,001 |
| Ambuklao-Binga Hydroelectric Power Complex | 175 | Benguet | 28 Nov. 2007 | 10 July 2008 | SN Aboitiz Power Hydro Inc. | USD325,000,000 |
| Tiwi-Makban Geothermal Power Plants | 747.53 | Albay | 30 July 2008 | 25 May 2009 | AP Renewables, Inc. | USD446,888,008 |
| Panay 1 and 3 and Bohol Diesel Power Plants | 168.5 | Iloilo/Bohol | 12 Nov. 2008 | 25 March 2009 | SPC Power Corp. | USD5,857,553 |
| Amlan Hydroelectric Power Plant | 0.8 | Negros Oriental | 10 Dec. 2008 | 24 June 2009 | SPC Power Corp. | USD230,000 |
| Batangas Coal-Fired Thermal Power Plant | 600 | Batangas | 28 July 2009 | 03 Dec. 2009 | Sem-Calaca Power Corp. | USD361,709,000 |
| Palinpinon-Tongonan Geothermal Power Plants | 305 | Negros Oriental & Leyte | 02 Sept. 2009 | 23 Oct. 2009 | Green Core Geothermal Inc. | USD220,000,000 |
| Bacon Manito Geothermal Power Plant | 150 | Sorsogon & Albay | 05 May 2010 | 03 Sept. 2010 | Bac-Man Geothermal Inc. | USD28,250,000 |
| Power Barge 117 | 100 | Agusan del Norte | 31 July 2009 | 01 March 2010 | Therma Mobile Inc. | USD16,000,000 |
| Power Barge 118 | 100 | Davao | 31 July 2009 | 06 Feb. 2010 | Therma Marine Inc. | USD14,000,000 |
| Limay Combined Cycle A&B | 620 | Bataan | 26 Aug. 2009 | 18 Jan. 2010 | San Miguel Energy Corp. | USD13,502,000 |
| Naga LBGT | 55 | Cebu | 16 Oct. 2009 | 29 Jan. 2010 | SPC Power Corp. | USD1,008,000 |
| Naga Power Plant Complex | 153.1 | Cebu | 31 March 2014 | 16 July 2018 | Therma Power Visayas, Inc. | PhP1,088,800,000 |
| Angat Hydroelectric Power Plant | 218 | Bulacan | 28 April 2010 | 31 Oct. 2014 | Korea Water Resources Corp. (K-Water) | USD440,880,000 |
| Power Barges 101-103 | 96 | Iloilo | 30 Oct. 2013 | 08 July 2015 | Trans-Asia Oil and Development Corporation | USD9,310,000 |
| Power Barge 104 | 32 | - | 15 April 2016 | 30 June 2016 | SPC Island Corporation | USD4,660,000 |
| Malaya TPP | 650 | Rizal | 07 May 2021 | 25 Aug. 2021 | Belgrove Power Corporation | PHP3,123,500,000.00 |
| Casecnan Hydroelectric Power Plant | 165 | Nueva Vizcaya | 16 May 2022 | 25 Feb. 2024 | Fresh River Lakes Corporation | USD526,000,000.00 |
