Privatization
Remaining Power Assets

List of Remaining IPP Contracts for Transfer to IPPAs
(as of 30 September 2022)

Indicative Privatization Schedule for NPC-IPP Contracts 1/

IPP PLANT NAME Contracted Capacity (MW)/Energy (GWh) Location Commencement of Sale Execution of Transaction Documents Turnover Schedule
Caliraya-Botocan-Kalayaan HEPPs 796.46 MW2/ Lumban-Majayjay-Kalayaan, Laguna 2nd Semester 2022 2024 2024
Mindanao Coal-Fired Thermal Power Plant (CFTPP) 200.00 MW Misamis Oriental 2023 2024 2024

1/ Remaining IPP contracts also include the 398 GWh Mindanao II GPP (Mt. Apo 2)

  • 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 Annual Net Contracted Capacity (NCC) Test conducted in 1st Quarter 2022