The Mariveles Power Coal Power Plant is 1,200MW coal fired power project. It is planned in Central Luzon, Philippines. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the under construction stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in May 2023. Buy the profile here.
The project is being developed by Mariveles Power Generation. Meralco PowerGen, SMC Global Power Holdings and Zygnet Prime Holdings are currently owning the project having ownership stake of 49%, 49% and 2% respectively.
It is a Steam Turbine power plant. The fuel will be procured from Daguma Coal Mine/Semirara Coal Mine.
The project cost is expected to be around $1,889.75m.
The thermal power project will consists of 8 turbines each with 150 MW nameplate capacity.
Post completion of the construction, the project is expected to get commissioned in May 2023.
Power purchase agreement
The power generated from the project will be sold to Manila Electric under a power purchase agreement. The offtake capacity is expected to be 528MW.
Formosa Heavy Industries is expected to render engineering procurement construction services for the coal fired power project.
Mariveles Power Generation is expected to perform operations and maintenance for thermal power project.
For more details on Mariveles Power Coal Power Plant, buy the profile here.