PSALM CORPORATION - Privatization Updates

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Naga Power Plant Complex located in Brgy. Colon, Naga City, Cebu

Generation Assets Sold

Power Plant	Rated Capacity (in MW)	Location	Winning Bidder	Winning Bid Price (US$)	Price (US$M/MW)
Talomo Hydroelectric Power Plant	3.5	Davao	Hydro Electric Development Corporation	$1.37 Million	0.39
Agusan Hydroelectric Power Plant	1.6	Agusan	First Generation Holdings	$1.53 Million	0.93
Barit Hydroelectric Power Plant	1.8	Camarines Sur	Atty. Ramon I. Constancio	$0.48 Million	0.27
Cawayan Hydroelectric Power Plant	0.4	Sorsogon	Sorsogon II Electric Cooperative, Inc	$0.41 Million	1.02
Loboc Hydroelectric Power Plant	1.2	Bohol	Sta. Clara International Corporation	$1.42 Million	1.18
Pantabangan-Masiway Hydroelectric Power Plant	112	Nueva Ecija	First Gen Hydropower Corporation	$129 Million	1.15
Magat Hydroelectric Power Plant	360	Isabela	SN Aboitiz Power Corporation	$530 Million	1.47
Masinloc Coal-Fired Thermal Power Plant	600	Zambales	Masinloc-Power Partners Co. Ltd.	$930 Million	1.55
Ambuklao-Binga Hydroelectric Power Complex	175	Benguet	SN Aboitiz Power Hydro Inc.	$325 Million	1.86
Tiwi-MakBan Geothermal Power Plants	747.53	Albay, Laguna/Batangas	AP Renewables Inc.	$446.89 Million	0.6
Panay and Bohol Diesel Power Plants	168.5	Iloilo, Bohol	SPC Power Corporation	$5.86 Million	0.04
Amlan Hydroelectric Power Plant	0.8	Negros Oriental	ICS Renewables Inc.	$0.23 Million	0.29
Batangas (Calaca) Coal-Fired Thermal Power Plant	600	Batangas	DMCI Holdings, Inc.	$361.71 Million	0.60
Power Barge 118	100	Compostela Valley	Therma Marine Inc.	$14 Million	0.14
Power Barge 117	100	Agusan del Norte	Therma Mobile Inc.	$16 Million	0.16
Limay Combined-Cycle Power Plant	620	Bataan	San Miguel Energy Corporation	$13.5 Million	0.02
Palinpinon-Tongonan Geothermal Power Plants	305	Negros Oriental, Leyte	Green Core Geothermal Inc	$220 Million	0.72
Naga Land-Based Gas Turbine Power Plant	55	Cebu	SPC Power Corporation	$1.01 Million	0.02
Angat Hydro Electric Power Plant	218	Bulacan	Korea Water Resources Development Corp.	$440.88 Million	2.02
BacMan Geothermal Power Plants	150	Albay, Sorsogon	Bac-Man Geothermal Inc.	$28.25 Million	0.19

Contracted Capacities Sold

Power Plant	Contracted Capacity	Location	Winning Bidder	Winning Bid Price (USD)
Pagbilao Coal-Fired Power Plant	700 MW	Quezon Province	Therma Luzon Inc.	USD691 Million
Sual Coal-Fired Power Plant	1,000 MW	Pangasinan	San Miguel Energy Corporation	USD1.07 Billion
San Roque Multipurpose Hydro	345 MW	Pangasinan	Strategic Power Devt. Corp.	USD450 Million
Bakun-Benguet hydro plants	100.75 MW	Benguet, Ilocos Sur	Amlan Power Holdings Corporation	USD145 Million
Ilijan Combined Cycle Power Plant	1,200 MW	Batangas	San Miguel Corporation	USD870 Million