About Us

AES Philippines

In April 2008, AES seized the opportunity to enter the growing Philippine market when it acquired the 630-megawatt thermal power plant in Zambales Province in Luzon. By successfully rehabilitating the ten-year old Masinloc Power Plant, AES not only expanded its footprint in Asia. It also demonstrated its deep local knowledge and distinctive operational skills – honed from more than two decades of leadership in the global energy sector and pioneering advances in many markets.

Upon AES takeover, the company implemented a holistic Rehabilitation Program at the plant.

As of April 2009:

  • Rated Capacity: 630-MW (2 x 315-MW vs. nameplate of 2 x 300-MW)
  • Heat Rate: 9,995.5 btu/kWh average at full load
  • Availability Factor: greater than 90%
  • Auxiliary Load: less than 8.5%
  • Environmental Footprint: Surpasses Philippine and World Bank Standards

AES Philippines completed the rehabilitation in 2010.


Improving lives by providing safe, reliable and sustainable energy solutions in every market we serve.


Our values are at the heart of our operations and we believe these values set us apart from others in our industry. Every day, our people and businesses around the world are guided by the following core values:

    We will always put safety first–for our people, contractors, and communities. Safety comes before everything at AES. We harness one of the world’s most powerful forces: electricity. Our people put their lives on the line when they come to work each day and ensuring safe operations at our facilities around the world so each person can return home safely is the cornerstone of our daily activities and decisions. We always put safety first, and we measure our success by how safely we achieve our goals.
  • INTEGRITYWe are honest, trustworthy and dependable. Integrity is at the core of all we do–how we conduct ourselves and interact with all of our stakeholders. When we act with integrity, we earn the trust of our customers, business partners, shareholders and the people who live in the communities where we operate. We honor our commitments by doing what we say and by not making promises that we cannot keep. Maintaining our reputation requires a continuous commitment from all of us to act with the highest standard of integrity in all of our business decisions.
    We move with vision, speed and flexibility to adapt to our dynamic and rapidly changing world. Our world and our industry are changing at a faster pace than ever. We must be nimble, efficient and continue to evolve our business to succeed. Agility means we create value by moving quickly, anticipating opportunities, avoiding risk and changing direction as necessary to grow in new ways and best serve our customers.
    We strive to be the best in all that we do and to perform at world-class levels. Excellence is both a goal in itself and the way to achieve that goal. Striving for excellence means continually working to improve ourselves and our business operations.
  • FUN
    We work because work can be fun, fulfilling and exciting. We enjoy our work and appreciate the fun of being part of a team that is being innovative, making a difference and winning. Having fun through work means knowing that what we work at each day has a positive impact and being inspired by what we do. We believe a workplace that supports respect for one another, teamwork and diversity of backgrounds and views is a fun workplace.
Plant Profile
Location Masinloc, Zambales
Type of Plant Coal-fired Power Plant
Type of Ownership Independent Power Producer (IPP)
Installed Capacity (MW) 2
Unit 1 – 315 MW
Unit 2 – 315 MW
Company Profile
Owner Masinloc Power Partners Co. Ltd.
Officials/Designation Mr. Neeraj Bhat, Managing Director
Office Address 18th Floor, Bench Tower, 30th street corner Rizal Drive, Crescent Park West 5, Bonifacio Global City, Taguig 1634, Metro Manila, Philippines
Telephone No. 459-2600
Fax No. 459-2695
Website www.aes.ph



AES supplies to the Wholesale Electricity Market. These are the investor-owned electric utilities or Distribution Utilities (DUs), including Manila Electric Company (MERALCO), a few local government-owned utilities (NPC-SPUG) and numerous electric cooperatives (ECs) which sell to households as well as commercial and industrial enterprises located within their franchise areas at retail rates regulated by the Energy Regulatory Commission (ERC).