Sual KEPCO Power Station
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Sual KEPCO Power Station is a cancelled power station in Sual, Pangasinan, Ilocos, Philippines.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Sual KEPCO Power Station | Sual, Pangasinan, Ilocos, Philippines | 16.091, 120.096 (approximate) |
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | Start year | Emergency/Backup |
|---|---|---|---|---|---|---|
| Unit 1 | Cancelled | coal: unknown | 500 | ultra-supercritical | 2024 | False |
| Unit 2 | Cancelled | coal: unknown | 500 | ultra-supercritical | 2025 | False |
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Unit 1 | KEPCO Philippines Corp [100%] | Korea Electric Power Corp [100.0%] |
| Unit 2 | KEPCO Philippines Corp [100%] | Korea Electric Power Corp [100.0%] |
Ownership Tree
This ownership tree is part of the Global Energy Ownership Tracker, a project of Global Energy Monitor.
Financing
- Source of financing: SK Group (Korea)
Background
In May 2018 KEPCO announced that it was in talks with a "local partner" and was investing US$2 billion to develop a 1,000-MW coal-fired plant in Sual but did not name the partner.[1] In June 2018, in what appears to be a reference to the same project, SK Engineering & Construction (SKE&C), a subsidiary of South Korean conglomerate SK Group, announced that it had signed a Letter of Intent (LOI) with the Government of the Philippines to build two 600 MW coal-fired power plants on Luzon island at an estimated cost of KRW2.2 trillion (US$1.98 billion).[2]
In January 2019 KEPCO signed a memorandum of understanding with Trans-Asia to acquire the site of Trans-Asia's proposed 3 x 300 MW Baquioen power station and use it for KEPCO's 1 x 1,000 MW Sual KEPCO power station.[3] In August 2019 the Philippine Department of Energy (DOE) listed the plant as a 2 x 500 MW project with a commissioning date of 2024.[4] The project will cost an estimated US$1.834 billion or P91.7 billion.[5]
In October 2020 KEPCO announced that it would no longer finance foreign coal-fired power plants with the exception of Jawa-9 and Jawa-10 in Indonesia and Vung Ang-2 power station in Vietnam. “We hope that this is not a false promise and that KEPCO will soon make an explicit statement that it is withdrawing from the Sual 2 project,” said Ian Rivera of the Philippine Movement for Climate Justice (PMCJ).[6]
In October 2020, KEPCO announced that it was cancelling its investment in this project.[7] According to the Philippine Movement for Climate Justice (PMCJ) the project is cancelled.[8]
Articles and Resources
References
- ↑ KEPCO in talks with local partner to develop 1,000-MW Sual power plant, GMA News Online, May 31, 2018
- ↑ SK Engineering & Construction signs a 2-billion-dollarcontract to build coal-fired plants in the Philippines, Korea Times, Jun. 18, 2018
- ↑ Kepco plans to build 1,000-MW coal-fired plant in Pangasinan, Manila Standard, Jan. 31, 2019
- ↑ PRIVATE SECTOR INITIATED POWER PROJECTS (LUZON) INDICATIVE, Philippine Department of Energy, 31 August 2019
- ↑ Kephilco keen on pursuing coal plant project in Sual, Pangasinan, Business Mirror, Feb. 1, 2019
- ↑ South Korea’s move away from coal leaves a Philippine power plant in limbo, Mongabay, Oct. 26, 2020
- ↑ "South Korea's KEPCO cancels foreign coal power investment". Power Engineering. October 20, 2020.
{{cite web}}: CS1 maint: url-status (link) - ↑ Communication with PMCJ, January 2021
Additional data
To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.
