The plant is planned to come online in early 2019 and provide baseload power to residents of Luzon island through a 20-year power purchase agreement (PPA) with Meralco, the country’s largest utility.
A consortium composed of Korea’s Daelim Industrial Co Ltd and Mitsubishi Corp will provide engineering, procurement and construction (EPC) services for the project. à‚
SBPL is a joint venture between Meralco PowerGen Corp (MGen), the utility’s power generation arm, and Thai firm New Growth BV, which is partly owned by the Electricity Generating Authority of Thailand (EGAT). MGen holds a 51 per cent stake in the project and New Growth holds 49 per cent. à‚