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November 30, 2021

Lloyds Energy Merchant Power Plant, Philippines

By Carmen

The Lloyds Energy Merchant Power Plant is 1,200MW gas fired power project. It is planned in Philippines. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2025.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 1,200 1,200 Announced Philippines Lloyds Energy DMCC; Mitsubishi

Description

The project is being developed by Lloyds Energy DMCC and Mitsubishi. These companies also have ownership stakes in the project.

It is a thermal power plant.

The project cost is expected to be around $1,182.48m.

Development Status

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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2025.

About Mitsubishi

Mitsubishi Corp (Mitsubishi) is an integrated company that develops and operates businesses across the industry including industrial finance, energy, metals, machinery, chemicals, living essentials and environmental business. The company manufactures and markets a wide range of products, including energy, metals, machinery, chemicals and living essentials through its domestic and overseas network. It is also involved in diverse businesses by investing in areas such as natural resources development and infrastructure, and engaged in finance businesses. Mitsubishi also creates new business models in the fields of new energy and the environment, and new technology-related businesses. It has operations in regions across Japan, North America, Latin America, Europe, Africa, Middle East, Asia and Oceania. Mitsubishi is headquartered in Tokyo, Japan.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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