In April 2008, AES seized the opportunity to enter the growing Philippine market when it acquired a 600-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.
- We are a global company with an empowered team.
- We safely and reliably provide competitive energy to support socio-economic development in the Philippines
AES people work round the clock each day to provide affordable and sustainable power. The actions that we each take are guided by these core values:
- Put Safety First
We will always put safety first – for our people, contractors and communities.
- Act with Integrity
We are honest, trustworthy and dependable. Integrity is at the core of all we do – how we conduct ourselves and how we interact with one another and all of our stakeholders.
- Honor Commitments
We honor our commitments to our customers, teammates, communities, owners, suppliers and partners, and we want our businesses, on the whole, to make a positive contribution to society.
- Strive for Excellence
We strive to be the best in all that we do and to perform at world-class levels.
- Have fun through work
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 making a difference. And when it stops being that way, we will change what or how we do things.
|Type of Plant||Coal-fired Power Plant|
|Type of Ownership||Independent Power Producer (IPP)|
|Installed Capacity (MW)||
Unit 1 – 300 MW
Unit 2 – 300 MW
|Owner||Masinloc Power Partners Co. Ltd.|
|Officials/Designation||Mr. Andrew Joseph Horrocks/Chief Operating Officer|
|Office Address||18th Floor, Bench Tower, 30th street corner Rizal Drive, Crescent Park West 5, Bonifacio Global City, Taguig 1634, Metro Manila, Philippines|
WHOLESALE ELECTRICITY SUPPLY
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).