Quezon coal plant firm, retail supplier sign 400-MW deal
By Alena Mae S. Flores – March 30, 2025, 7:20 pm
from manilastandard.net
Quezon Power (Philippines), Ltd. Co. which owns and operates the 460-megawatt Quezon coal-fired power plant, signed a new 15-year 400-MW power supply agreement (PSA) with a major retail electricity supplier, which it did not name.
QPPL parent firm Electricity Generating Public Co. Ltd. of Thailand said in a statement the new PSA affirms the power plant’s presence as a highly reliable source of energy supply for the Luzon’s grid and its capability to continually generate stable and consistent revenue for EGCO Group in the future.
“The Quezon power plant has successfully acquired a new PSA for a long-term contract of 15 years. The new PSA marks the power plant’s ongoing efforts to enhance its service offerings and continue its presence in the Philippines electricity market,” Dr. Jiraporn Sirikum, EGCO Group president said.
EGCO said the power plant would undergo essential outage maintenance to prepare for the new PSA, and the strategic move ensures that the power plant would seamlessly continue its commercial operations and provide stability and reliability to the Luzon’s grid.
“Meanwhile, it will consistently generate revenue for EGCO Group in the long term,” it said.
EGCO holds a 100-percent stake in the Quezon thermal power plant, which is situated in the municipality of Mauban, Quezon.
The power plant began commercial operations in May 2000 under a 25-year power purchase agreement with Manila Electric Co.
The facility has played a significant role in enhancing power security in the Philippines, especially when the country was facing severe power supply shortages.
EGCO said the power plant placed high importance on sustainable and harmonious co-existence with the community, society, and the environment.
The power plant initiated various education and health promotion projects in parallel with skill and career development, basic infrastructure development, and biodiversity promotion, such as the sea turtle conservation and mangrove forest rehabilitation projects.
The EGCO Group has a total equity capacity of 6,608 MW in operation and under construction in Thailand, Lao PDR, the Philippines, Indonesia, South Korea, Taiwan and the United States.
