PNOC seeks power plant investors

Will build coal-fired power plants in two Philippine provinces.

The Philippine National Oil Company Exploration Corporation will build the plants on coal mine properties it owns in Isabela province in northern Luzon island and in Zamboanga Sibugay in the southern island of Mindanao.

The two projects are expected to cost US$42 million and will generate 100 megawatts each. It expects the competitive selection process to start within this first quarter.

PNOC-EC said it will maintain minority stakes in both projects. For the Isabela power plant, the chosen joint venture partner will be involved in mining the coal that will be used in the power station and marketing the generated electricity.
.
The joint venture partner for the Zamboanga Sibugay project will be involved in the development and operation of the power plant and marketing the generated electricity.

PNOC-EC is the upstream oil and coal arm of state-owned Philippine National Oil Company.

Also Read

Carbon capture and storage outlook worsens amidst high costs, performance

Indian wind and solar projects see improved performance in FY24

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!

I want to download the media kit