Pagbilao power station

From Global Energy Monitor

Pagbilao power station is a 1,155-megawatt (MW) coal-fired power station in Quezon Province, Philippines.


The map below shows the plant, in Ibabang Polo Barangay, Pagbilao Municipality, Quezon Province, on Pagbilao Grande Island.

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Background on Plant

The two-unit, 735-MW Pagbilao coal-fired power plant was completed in 1996. The plant is owned by Team Energy, a joint venture of Japanese companies Tokyo Electric Power Company and Marubeni Corporation.[1][2]

Unit 3 Expansion

In March 2012, Team Energy and the Aboitiz Group announced that they would partner on an additional 420-MW coal-fired unit at Pagbilao. The unit would run on lower-quality Philippine or Indonesian coal.[3] In 2013, Team Energy announced that Marubeni, one of its two owners, would handle engineering, procurement, and construction (EPC).[4]

Environmental permits were issued in June 2013.[5] In June 2014, the plant's owners announced that Japan's Mitsubishi Hitachi Power Systems and Korea's Daelim Industrial would be constructing the plant.[6] In June 2014, First Gen, a subsidiary of First Philippine Holdings Corporation, announced that it was considering buying a stake in the project.[7] Ground was broken on the project in July 2014.[5] Total cost of the project will be $976 million, and the plant is expected to be completed in Q2 2017.[8]

In September 2017, Aboitiz announced that the plant had been tested up to its 420 MW capacity and that it would begin commercial operations by the end of the year.[9]

In January 2018 it was reported Unit 3 was still in the testing phase, and would begin operations in February 2018.[10] On February 27, 2018, the Pagbilao council issued a cease-and-desist order (CDO) against Unit 3 because its owners had not signed a memorandum of understanding on corporate social responsibility (CSR) which, according to Aboitiz, would have required expenditures of "an amount above the company’s approved budget for CSR."[11] The Pagbilao council lifted the CDO on March 7, 2018, and Unit 3 went into commercial operation.[12]

Financing for Unit 3

In June 2014, a financing agreement for Unit 3 was closed. US$760.13 million in loans was provided by BDO Unibank, BPI Capital Corporation, First Metro Investment Corporation (FMIC), SB Capital Investment, Philippine National Bank, China Banking Corporation, and Security Bank. US$250 million in equity was provided by Aboitiz Power Corp, Tokyo Electric Power Company (TEPCO), and Marubeni. ING Group acted as financial adviser to the sponsors.[13]

Project Details

  • Sponsor: Team Energy and Therma Power
  • Parent company: Tokyo Electric Power Company, Marubeni, and Aboitiz Group
  • Location: Ibabang Polo Barangay, Pagbilao Municipality, Quezon Province, Philippines
  • Coordinates: 13.8932, 121.745 (exact)
  • Status: Operating
  • Gross Capacity: 1155 MW (Units 1-2: 382 MW; Unit 3: 420 MW)
  • Type: Supercritical
  • In Service: Units 1-2: 1996; Unit 3: 2018
  • Coal Type: Low-quality coal from Philippines/Indonesia[3]
  • Coal Source:
  • Source of financing: 70% bank loans; 30% equity[4]: Banco De Oro (BDO), Bank of the Philippine Islands (BPI), China Bank, First Metro Investment Corporation (FIC), PNB Capital, Philippine Savings Bank (PSB), and SB Capital Investment Corporation (SBC) (US$750 million total);[14] US$250 million in equity from Aboitiz Power Corp, Tokyo Electric Power Company (TEPCO), and Marubeni[13]

Articles and resources


  1. Pagbilao Coal Power Plant Philippines, Global Energy Observatory, accessed May 2012
  2. "Coal-Fired Plants Financed by International Public Investment Institutions Since 1994", Appendix to Foreclosing the Future: Coal, Climate and International Public Finance: Investment in coal-fired power plants hinders the fight against global warming, Environmental Defense, April 2009.
  3. 3.0 3.1 Añonuevo, Euan. Team Energy, Aboitiz Power to expand Pagbilao plant capacity. InterAksyon, 30 Mar. 2012.
  4. 4.0 4.1 "Pagbilao plant to add 400MW capacity," Rappler, September 29, 2013
  5. 5.0 5.1 Private Sector Initiated Power Projects (Luzon), Philippines Department of Energy, 30 Sept. 2014.
  6. MHPS wins coal-fired power plant construction contract from Pagbilao Energy,, 3 June 2014.
  7. First Gen Eyes Stake in Pagbilao Coal-fired Power Plant in Quezon, Philippines, Mining Connection, 11 June 2014.
  8. Pagbilao expansion to cost nearly $1B, MSN News, 11 Sept. 2014.
  9. Pagbilao coal plant tests full capacity, Manila Standard, 17 Sep 2017.
  10. "Pagbilao Energy set to operate $1-b coal-fired power plant in February," Manila Standard, January 02, 2018
  12. Philippines’ Pagbilao Coal-fired Thermal Power Plant Starts Commercial Operations, Power Links, Mar. 15, 2018
  13. 13.0 13.1 "Preview of Pagbilao Coal-Fired Power Plant Expansion (1135MW) | Transaction | IJGlobal". Retrieved 2020-12-01.
  14. "Pagbilao Power Plant Expansion," Power Technology, accessed May 2018

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External resources

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