The Mindanao Power Plant is 382MW coal fired power project. It is planned in Northern Mindanao, Philippines. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the partially active stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in November 2006. Buy the profile here.
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Description
The project is being developed by STEAG State Power. Aboitiz Power and La Filipina Uy Gongco are currently owning the project having ownership stake of 85% and 15% respectively.
It is a Steam Turbine power plant that will be used for Baseload.
Mindanao Power Plant (Mindanao Power Plant Unit I) consists of 1 steam turbine with 116MW nameplate capacity.
Mindanao Power Plant (Mindanao Power Plant Unit II) consists of 1 steam turbine with 116MW nameplate capacity.
Development status
Post completion of the construction, the project is expected to get commissioned in November 2006.
Power purchase agreement
The power generated from the Mindanao Power Plant (Mindanao Power Plant Unit I) will be sold to National Power under a power purchase agreement for a period of 25 years.
The power generated from the Mindanao Power Plant (Mindanao Power Plant Unit II) will be sold to National Power under a power purchase agreement for a period of 25 years.
For more details on Mindanao Power Plant, buy the profile here.
About STEAG State Power
STEAG State Power Inc. (SPI), a subsidiary of STEAG GmbH is a coal power generation company that owns, finances, constructs, operates and maintains coal fired power plant in island of Mindanao. The company also provides services such as enterprise development, social and human development services, empowering the youth through education, skills training for employment and other socio cultural enhancement activities. The company provides electricity to residential and commercial customers in the Philippines. SPI is headquartered in Makati, Philippines.
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This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
