Thermal capacity accounted for 50.5% of total power plant installations globally in 2023, according to GlobalData, with total recorded thermal capacity of 4,608GW. This is expected to contribute 35.2% by the end of 2030 with capacity of installations aggregating up to 5,040GW. Of the total global thermal capacity, 0.44% is in the Philippines. Listed below are the five largest upcoming thermal power plants by capacity in the Philippines, according to GlobalData’s power plants database. GlobalData uses proprietary data and analytics to provide a complete picture of the global thermal power segment. Buy the latest thermal power plant profiles here.
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1. Atimonan LNG Fired Power Plant
The Atimonan LNG Fired Power Plant is a 2,400MW thermal power project located in Calabarzon, the Philippines. It is being developed by Atimonan One Energy. The project is currently in permitting stage. The project is expected to enter commercial operation in 2026. The project is owned by Atimonan One Energy. Buy the profile here.
2. Barangays de la Paz Proper Combined Cycle Power Plant
Barangays de la Paz Proper Combined Cycle Power Plant is a 1,700MW thermal power project in Calabarzon, the Philippines. Excellent Energy Resources is developing this project. The project is expected to come online by 2024. The project is currently in permitting stage. It is owned by Excellent Energy Resources. Buy the profile here.
3. Masinloc Power Plant
The 1,680MW Masinloc Power Plant is located in Central Luzon, the Philippines. It is owned by SMC Global Power. The thermal project is currently in partially active stage. Masinloc Power Partners is developing this project. Buy the profile here.
4. SMC Batangas LNG Combined Cycle Power Plant
The SMC Batangas LNG Combined Cycle Power Plant is a 1,313.10MW thermal power project. It is planned in Calabarzon, the Philippines. The project is currently in under construction stage. It will be developed by Excellent Energy Resources. Post completion of construction, the project is expected to get commissioned by 2025. SMC Global Power is the owner of the project. Buy the profile here.
5. Pagbilao 4 & 5 CCGT Power Plant
The 1,310MW thermal project, Pagbilao 4 & 5 CCGT Power Plant is expected to get commissioned by 2028. It is being developed by Therma Subic. The project is currently in permitting stage. Therma Subic is the owner of the project. Buy the profile here.
For more details on the latest thermal power plants, buy the project profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Plants database, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide.
