, Philippines

ADB to serve as advisor for Philippine hydropower complex privatisation

The Caliraya–Botocan–Kalayaan hydro plant has a 796.64 MW capacity.

Asian Development Bank (ADB) has been granted a contract as transaction advisor for the Philippines Power Sector Assets and Liabilities Management Corporation (PSALM) on the privatisation of the Caliraya–Botocan–Kalayaan (CBK) hydroelectric power plant complex. 

In a statement, ADB said the contract calls for monetisation of CBK and an increase of energy security throughout Luzon.

As the advisor, ADB will help expedite the optimisation of its value to the private sector, alongside the maintenance of its quality through energy security and grid stability.

ALSO READ: Philippines, Portugal to partner on RE development

The 796.64-megawatt CBK power plant includes three facilities and is critical to the Luzon power grids. The entire hydroelectric complex is operated by independent producer CBK Power Co. Ltd. under a 25-year build–rehabilitate–operate–transfer contract which will expire by 2026.

“Privatizing the Caliraya–Botocan–Kalayaan hydroelectric power plant complex will bring private sector funds, expertise, and efficiency to the important task of generating stable power to meet the growing needs of people and businesses,” Cleo Kawawaki, Head of ADB’s Office of Markets Development and Public–Private Partnerships said.

Follow the link for more news on

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!


Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.
PLN focuses digital processes on equitable electricity distribution
State-run firm’s president succeeded in electrifying 76,900 villages and sub-districts throughout Indonesia.
VOX POP: How can vehicle-to-grid technologies boost energy transition?
Vehicle-to-grid (V2G) technology is seen as a groundbreaking innovation towards the resilience of the power grid and the improvement of robust energy transition.