Cebu Energy power station

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The Cebu Energy power station is a 246-megawatt (MW) coal-fired power station in Cebu, the Philippines. The power station is adjacent to the Toledo City power station; both plants are operated by subsidiaries of Global Business Power Corporation.

Location

The aerial photo below shows the Cebu Energy power station in Barangay Sangi, Toledo City. The Toledo City power station can be seen directly to the east.

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Background

The Cebu Energy power station consists of 3 x 82MW coal-fired generators. Units 1 & 2 began operating in 2010, and Unit 3 began operating in 2011. The station is operated by Cebu Energy Development Corporation. The project was estimated to cost P23 billion (approximately 500 million USD).

In November 2022, it was reported that the power station ranked first among all coal-fired power plants in the country for compliance with the rules of the Philippine Wholesale Electricity Spot Market. This was an award for efficiency and quality, and the plant was described as "clean" despite burning fossil fuels.

Plant ownership

Cebu Energy Development Corporation is a subsidiary of Global Business Power Corp. Initially, Global Business Power Corp. was jointly owned by Beacon PowerGen Holdings (56%), JG Summit Holdings (30%), and Meralco PowerGen Corp. (14%). In December of 2020, Meralco announced that it had acquired full ownership of Global Business Power Corp. by purchasing the 86% stake held by Beacon and JG Summit for P34.466 billion (approx. 720 million USD).

Project Details

• Sponsor: Cebu Energy Development Corporation
• Parent: MERALCO
• Location: Toledo City, Cebu, Central Visayas, Philippines
• Coordinates: 10.387157521600109, 123.64102289103212 (exact)
• Status: Operating
• Gross Capacity: 246 MW (Units 1-3: 82 MW)
• Type:
• In service: Units 1-2: 2010; Unit 3: 2011
• Coal Type:
• Coal Source:
• Source of financing:

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