Quezon Power (Philippines), Limited Co. owns and operates the 460MW net coal-fired electric generating facility and the 31-kilometer transmission line in Barangay Cagsiay 1 in the municipality of Mauban, Quezon.It began commercial operations in May 2000 and to this day continues to deliver power to the Luzon grid through a 25-year power purchase agreement and transmission line agreement with the Manila Electric Co. (Meralco).Quezon Power is owned by Electricity Generating Public Co. (EGCO) ? the first independent power producer (IPP) in Thailand. EGCO was incorporated in May 1992 by Electricity Generating Authority of Thailand (EGAT) and was eventually transformed into a public company in March 1994 with investments in power generation and supply as well as comprehensive energy services providing operation, maintenance, engineering and construction services to power plants and other industries in Thailand and overseas.Considered a trailblazer in the Philippine power industry, the Quezon Power?s Mauban Power Project is recognized as the first Build-Own-Operate power project in the country and the first one that did not require a sovereign guarantee from the Philippine government. Quezon Power remains committed to its Sustainable Development Program which helps thousands of residents in Mauban who are beneficiaries of much-needed assistance in the areas of education; livelihood and skills development; health; environmental; infrastructure development; community relations; and host community benefits.
Sector: Oil & Energy