Privatization
Remaining Power Assets

List of Remaining IPP Contracts for Transfer to IPPAs
(as of 31 August 2021)

Indicative Privatization Schedule for NPC-IPP Contracts1 1/

PLANT NAME TYPE OF CONTRACT IPP OPERATOR END OF COOPERATION PERIOD CONTRACTED CAPACITY/ENERGY INDICATIVE BID DATE
Casecnan HEPP BOT (PPA) CE Casecnan Water and Energy
Company Inc. / National Irrigation
Administration
05 April 2022 150.00 MW 2022
Caliraya-Botocan-Kalayaan HEPPs BROT (PPA) CBK Power Company Ltd. 07 February 2026 796.63 MW 2023
Mindanao Coal-Fired Thermal Power Plant BOT (PPA) STEAG State Power Inc. 15 November 2031 200.00 MW 2024

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

  1. 3,933 GWh Unified Leyte GPP
    • End of Cooperation Period under the PPA between NPC/PSALM and EDC is 2021 and 2022;
    • Privatized 350.4 GWh equivalent to 40 MW as Strips of Energy in 2014
  2. 788 GWh Mindanao I and II GPPs (Mt. Apo 1 and 2)
    • End of Cooperation Period under the PPA between NPC/PSALM and EDC is 2022 and 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 2021