156 views

Philippine utility Meralco hunts for partners for Atimonan coal-fired plant

It needs investors for the 2x600MW facility.

Meralco is currently in talks with Asian firms as it looks for potential investors for the planned coal-fired power plant in Atimonan, Quezon.

The company has already secured funding for the 2x600MW facility and has achieved preliminary deals with eight banks for a Php107.5b (US$2.1b) loan.

We’re waiting for PSA (power supply agreement) approval. We’ve already come to an agreement with the banks but we need the PSA before we finalize the agreement,” according to Meralco chief finance officer Betty Siy-Yap.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Singapore's hydrogen gas turbine market heats up
The city-state’s hydrogen-powered plants are expected to cut its carbon emissions. 
Project
Eyes on nuclear, hybrid power in 2025
There is nuclear resurgence in Japan and Korea, and high battery storage demand in India.
Power Utility
Indonesia leads race to build SMRs in Southeast Asia
The Philippines and Thailand are also pushing the tech but they haven’t made much progress.
Cambodia urged to rethink its costly LNG ambitions
It should learn from peers who struggle to fuse the costly fuel into their energy systems.