Marubeni to refurbish Philippine power plant

Project will cost US$700 million.

Team Energy Corporation has contracted Japan's Marubeni Corporation to expand the capacity of the 735 MW coal-fired power plant in the town of Pagbilao in Quezon province in Luzon. The expansion will generate 400 MW of power and will cost US$700 million.

Team Energy expects to have the project completed in late 2016 or early 2017. Team Energy is a joint venture between Marubeni and another Japanese firm, Tokyo Electric Power Corporation, operator of the ill-starred Fukushima nuclear power plant.

A Philippine firm, Aboitiz Power, sells and manages the electricity output of the plant as sn independent power producer administrator.

The Pagbilao power station is a 735 MW coal-fired thermal power plant at Isla Grande in Pagbilao. It began commercial operations in 1993.