Napocor Cebu power complex up for sale

The Philippine government will continue with the privatization of the remaining National Power Corp. with the scheduled sale of the Cebu-based Naga power complex next month.

“We’re targetting Naga bidding for mid-June,” Power Sector Assets and Liabilities Management Corp. president Emmanuel Ledesma said.

PSALM has so far sold about 91.73 percent of Napocor’s generating assets in the Luzon and Visayas grids. Other assets it has yet to privatize include the 850-megawatt Sucat thermal plant and the 630-MW Malaya thermal plant.

The power plant complex located in Naga, Cebu consists of the Cebu power plant complex I with an installed capacity of 55-MW, Cebu power plant complex 2 with a capacity of 55 MW, and Cebu diesel power plant with an installed capacity of 39 MW. The entire complex has a capacity of 149 MW.