Remaining Power Assets

Indicative Privatization Schedule for NPC–Independent Power Producer (IPP) Contracts1/

Plant Name Contracted Capacity (MW) Location Commencement of Sale Execution of Transaction Documents Turnover Schedule
Caliraya-Botocan-Kalayaan (CBK) HEPPs2/ 796.65
Lumban-Majayjay-Kalayaan, Laguna
2nd Semester 2023 2nd Semester 2024 1st Semester 2025
Mindanao Coal-Fired Thermal Power Plant (MCFTPP) 3/ 200.00
Misamis Oriental
2024 2025 2nd Semester 2026
TOTAL 996.65

1/ Remaining IPP contracts also include the 45.43 MW Mindanao II GPP (Mt. Apo 2) which was privatized through IPPA in 2014 but agreement was terminated in 2017 due to contractual issues. Capacity will be administered by PSALM until the end of the Cooperation Period of the PPA between NPC/PSALM and EDC on 17 June 2024.
2/ Updated Contracted Capacity based on the result of the Annual Net Contracted Capacity Test conducted in 1st Quarter 2024.
3/ Possible to include the plant in the Energy Transition Mechanism Program.