Japan’s Marubeni Corp is to build a $700m 400 MW power plant in Quezon in the Philippines.

It will sit alongside an existing 700 MW coal fired plant within the Pagbilao complex and be co-built by Philippines company Aboitiz Power Corp. Construction is due to be completed by 2015.

Marubeni is part owner of TeaM Energy, which owns and operates the Pagbilao plant under a build-and-operate contract with National Power Corp.

TeaM Energy is composed of Marubeni and Tokyo Electric Power (Tepco) and also runs the 1200 MW Sual coal plant in the Filipino province Pangasinan.

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