Privatization
Remaining Power Assets

List of Remaining IPP Contracts for Transfer to IPPAs
(as of 31 March 2022)

Indicative Privatization Schedule for NPC-IPP Contracts 1/

IPP PLANT NAME Contracted Capacity (MW)/Energy (GWh) Commencement of Sale Execution of Transaction Documents Turnover Schedule
Caliraya-Botocan-Kalayaan HEPPs 796.46 MW2/ 2022 2023 2023
Mindanao Coal-Fired Thermal Power Plant (CFTPP) 200.00 MW 2023 2024 2024

1/ Remaining IPP contracts that will be administered by PSALM until the end of their cooperation period are as follows:

  1. 3,000 GWh Unified Leyte GPP (Leyte B)
    • End of Cooperation Period under the PPA between NPC/PSALM and EDC is on 24 July 2022;
    • Privatized a total of 200 MW Strips of Energy through the appointment of seven (7) IPPAs in 2014. Six (6) IPPAs with 160 MW Strips of Energy were terminated in 2017 and 2019 due to contractual issues. The remaining IPPA with 40 MW Strips of Energy expired on 25 July 2021
  2. 398 GWh Mindanao I and II GPPs (Mt. Apo 1 and 2)
    • End of Cooperation Period under the PPA between NPC/PSALM and EDC is on 17 June 2024;
    • • Privatized through IPPA in 2014 but agreement terminated in 2017 due to contractual issues;
2/ Updated Contracted Capacity based on the result of Annual Net Contracted Capacity (NCC) Test conducted in 1st Quarter 2022