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Marubeni Philippines Corporation's Power Department represents the various business concerns of the Power Development Team of Marubeni Corporation, Tokyo Head Office; whose interests range from PPA and ECA-based Independent Power Producer (IPP) Projects, to EPC-Turnkey Power Plant Construction Projects funded by ODAs and various multilateral ECAs. We also have full Merchant Power Plants, Power Transmission and Distribution Businesses.

In the Philippines, we have several 'project-finance' funded power plants, with the PNOC and National Power Corporation as power off-takers. We also intend to participate in various transmission and distribution EPC tenders that will be pursued by Transco. We are also keen on participating in EPC power plant projects of PNOC-EDC, like its Wind Farm Power Projects and geothermal exploration works overseas.

The Power Department is also looking at bankrolling integrated power development projects like the proposed Batman II. Our proposed development scheme comprises of an LNG Terminal, a new gas fired power plant, the conversion of an existing NPC combined cycle power plant into natural gas firing; which are all situated in Limay, Bataan; and a sub-sea natural gas pipeline crossing Manila bay from Bataan to Cavite. This will serve the fuel needs of other power plants in Metro Manila which are expected to convert their fuel systems to use natural gas.

We are also actively promoting the use of Fuel Cells. Marubeni Corporation is the Asian licensor of a molten carbonate fuel cell technology developed by Fuel Cell Energy Inc. of Connecticut, USA. With the advent and soon widespread availability of natural gas, Fuel Cell becomes a ready alternative of 'distributed' or 'on-site power', for use by a wide range of industries needing critical and high quality power. Fuel Cell is a complete built-up power generator (much like a big car battery) that runs on natural gas; is clean, silent, has no environment-critical effluents, is more stable and can be the replacement of noisy and dirty conventional diesel generators.

In 2007, Marubeni was successful in acquiring the Philippine Assets of Atlanta based Mirant Corporation. Marubeni jointly owns with Tokyo Electric Power Corporation, the 1218MW Sual Coal Fired Power Plant in Sual, Pangasinan and 735MW Pagbilao Coal Fired Power Plant in Pagbilao Grande Island, Pagbilao, Quezon in Southern Luzon. It also has a 20% stake in the 1251MW Natural Gas-Fired Ilijan Power Plant in Ilijan, Batangas City. The Joint Venture Company now owning and operating these power plant assets is Team Energy Corporation. With this acquisition, Marubeni is now the largest foreign IPP in the Philippines holding around 14% of the installed plant capacities in the country; more than 32% of the installed plant capacity in Luzon, and making Marubeni the largest foreign investor in the Philippines.

The Power Department

List of IPP Projects In Operation:

• Mindanao I Geothermal Plant, 48 MW
• Leyte Mahanagdong Geothermal Plant, 240 MW
• Mindanao II Geothermal Plant, 49 MW
• San Roque Multi-Purpose Hydro Plant, 345 MW
• Pagbilao Coal-Fired Plan, 735MW
• Sual Coal-Fired Plant, 1218MW
• Ilijan Natural Gas-Fired Plant, 1251MW
  

Marubeni's Other Power-Related Works in the Philippines

Construction and/or rehabilitation works for the following (all with NPC):

• Batangas II Coal, 300 MW
• Limay Combined Cycle A & B, 600 MW
• Malaya Gas Turbines, 30 MW
• Manila Oil Fired, 200 MW
• Tiwi 5&6 Geothermal, 110 MW
• Rehabilitation of the Tiwi 1&2,5&6   Geothermal
• Malaya Oil Fired, 650 MW
• Rehabilitation of the Malaya Oil Fired
• Sucat Oil Fired, 850 MW
• Rehabilitation of the Sucat Oil Fired
• Leyte-Luzon HVDC, Interconnection Converter Station
• San Roque-San Manuel 230KV Transmission Line

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