Puting Bato power station
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The Puting Bato power station (also known as Calaca SLTEC power plant) is a 270-megawatt (MW) coal-fired power station in Batangas Province, Philippines.
The map below shows the location of the plant, in Puting Bato West Barangay, Calaca Municipality, Batangas Province.
Background on Plant
The Puting Bato power station is a 270-megawatt (MW) coal-fired power station in Calaca, Batangas, by South Luzon Thermal Energy Corp. (SLTEC). The estimated total cost of the project is P10 billion. SLTEC is a joint venture sponsored by Ayala Corporation's AC Energy Holdings and Phinma Corporation's Trans-Asia Oil and Energy Development. In December 2016 Japanese business conglomerate Marubeni purchased a 20% stake in the project through its subsidiary Axia Power Holdings Philippines Corp., acquiring 15% from Ayala Corporation and 5% from Phinma Group.
According to the Philippines Department of Energy (DOE), construction on Unit 1 (135 MW) began in December 2011 and construction of Unit 2 (135 MW) began in August 2013.
According to a press report, the estimated total cost of the project is P10 billion. The construction contract was awarded to DM Consunji, a subsidiary of Consunji Group, which will also be providing coal for the plant. Unit 1 was successfully tested in The October 2014.
Unit 1 was completed in April 2015 and inaugurated in June 2015. In January 2015 the project's developers stated that Unit 2 would be brought online by the end of the year. Unit 2 commenced operation in February of 2016.
In October 2011, a financing agreement for unit 1 was closed.
In July 2013, a financing agreement for unit 2 was closed. A P7-billion loan was provided by Banco de Oro UniBank Inc., Security Bank Corp. and Rizal Commercial Banking Corp. AC Energy Holdings Inc. and Trans-Asia Oil and Energy Development Corporation each provided P1.5-billion in equity.
In 2017, the Philippine Movement for Climate Justice lodged a formal complaint against the International Finance Corporation (IFC) for its involvement in Philippine coal-fired power stations. The complaint alleged that the IFC had funded these projects through its financial support to Rizal Commercial Banking Corporation (RCBC). The Puting Bato power station was one of 11 power stations for which the IFC's involvement was found to be sufficient to trigger the IFC's internal accountability process.
- Sponsor: South Luzon Thermal Energy Corporation (SLTEC)
- Parent companies: Phinma Group 45%, Ayala Corporation 35%, Marubeni 20%
- Location: Puting Bato West Barangay, Calaca Municipality, Batangas Province, Philippines
- Coordinates: 13.91953, 120.82634 (exact)
- Capacity: 135 MW (Units 1 & 2)
- Status: Operating
- Gross Capacity: 270 MW (2 x 135 MW units)
- Type: Subcritical
- In service: June 2015 (Unit 1); February 2016 (Unit 2)
- Coal Type:
- Source of Coal: Semi-Calaca Power Corp., a unit of Semirara Mining (owned by Consunji Group)
- Source of financing: unit 2: P7-billion in debt from Banco de Oro UniBank Inc., Security Bank Corp. and Rizal Commercial Banking Corp; P1.5-billion in equity each from AC Energy Holdings Inc. and Trans-Asia Oil and Energy Development Corporation
Articles and resources
- Iris C. Gonzales, "Ayala, Trans-Asia expanding thermal plant in Batangas," The Philippine Star, April 16, 2013.
- Miraflor, Madelaine. Calaca coal-fed power plant Unit 2 expected to come online in 3Q of 2015. Manila Bulletin, 11 Sept. 2014.
- Marubeni buys stake in Ayala-led power plant in Batangas, Steelguru, Dec. 21, 2016
- Energy Situationer 2013: Private Sector Initiated Projects, Philippines Department of Energy, 12 August 2013
- Trans-Asia, Ayala Power venture to start operations, Trans-Asia press release, Jan. 2014.
- South Luzon Thermal Energy’s Calaca Plant Successfully Synchs to the Grid, Fabian Philippines, 13 Oct. 2014.
- Alena Mae Flores, Batangas coal plant opens, Manila Standard, 5 Apr. 2015.
- Iris C. Gonzales, "SLTEC inaugurates P23-B power plant in Luzon," The Philippine Star, June 8, 2015
- Gonzales, Iris. Ayala unit targets 1,000-MW power capacity by 2016. Philippine Star, 9 Jan. 2015.
- List of Existing Power Plants, Philippine Department of Energy, Dec. 31, 2020
- "Ayala, Trans-Asia get P7-b coal loan - Manila Standard". manilastandard.net. Retrieved 2020-12-11.
- CAO ASSESSMENT REPORT Regarding Concerns in Relation to IFC’s Investment in Rizal Commercial Banking Corporation (RCBC) – 01 (#30235, #32853, #34115, #37489) in the Philippines, IFC Compliance Advisor Ombudsman, April 2019