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’s and ECA-based Independent Power Producer (IPP) Projects, to EPC-Turnkey Power Plant Construction Projects funded by ODAs and various multilateral ECAs.
In the Philippines, Marubeni built several IPP power plants funded under Project Finance scheme, like the Mindanao Geothermal Power Plants 1 & 2, which were already turned-over to the EDC after the completion of its 10-year BOT contract. Marubeni also built and currently operates with its partner, Kansai International Power Corporation, the 330MW San Roque Multipurpose Dam Project under a 25-year BOT contract with Napocor and which is now under an IPPA contract with San Miguel Energy Corporation.
In as much as the privatization of NPC-owned and contracted plants has been completed, Marubeni’s focus is now on the construction of new merchant plants. We are also keen in expansion projects of existing power plants and participating in the growing gas industry and gas industry and gas power development in the near future.
We are also offering our services as PIC Consultant, O&M Contractor and Solutions Provider for plant operation to increase the efficiency and output of old plants at minimal costs using latest technology like computerized modelling for optimum combustion, online monitoring of real cost plant operations, etc.
We are also providing gas power plant solutions like the supply of CNG barges for transporting regional natural gas and Gravifloat, a secured semi-floating liquefied natural gas tank regasification unit. This is the best and quickest solution for the expansion of existing gas plants, greenfield gas plants for the retrofit of liquid fuel fired combined cycle power plants.
On the green energy front, Marubeni is looking at developing solar and small hydro power plants on either FIT or on RPS mode.
Marubeni sees a lot of opportunities in the Philippines’ quest for having a reliable and cost competitive source of electricity.
List of IPP Projects in Operation:
• 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 Projects in the Philippines
Construction and/or rehabilitation works for the following (all with NPC):