a corporate subsidiary of MARUBENI CORPORATION
Marubeni Philippines Corporation's Power Department represents the company’s interests in the power sector that range from power purchase agreements (PPA) and energy conversion agreement (ECA)-based independent power producer (IPP) projects, to engineering procurement and construction (EPC)-turnkey power plant construction projects funded by official development assistance and various multilateral export credit agencies.
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 Energy Development Corporation after the completion of its 10-year build-operate-transfer (BOT) contract. Marubeni also built and currently operates with its partner, Kansai International Power Corporation, the 411 MW San Roque Multipurpose Dam Project under a 25-year BOT contract with the National Power Corporation (NPC) and which is now under an independent power producer administration (IPPA) contract with San Miguel Energy Corporation.
Since the privatization of NPC-owned and contracted plants had been completed, Marubeni’s now focuses 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 power development in the near future.
We offer the services of PIC (Power Industry Consultants), an operation and maintenance contractor and solutions provider for plant operation, that could optimize the efficiency and output of old plants at minimal costs using latest technology like computerized modelling for optimum combustion and online monitoring of real cost plant operations.
We also provide gas power plant solutions like the supply of compressed natural gas 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, our company is keen on developing solar and small hydro power plants on either feed-in tariff (FIT) or on renewable portfolio service (PRS) mode. Marubeni sees a lot of opportunities in the Philippines and would like to provide solutions in line with the country’s quest of having stable and cost competitive electricity supply.
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):
- 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
- Mindanao I Geothermal Plant, 48 MW
- Leyte Mahanagdong Geothermal Plant, 240 MW
- Mindanao II Geothermal Plant, 49 MW
- San Roque-San Manuel 230KV Transmission Line
Telephone: +63 (2) 819-0211 to 20 loc. 323
Fax: +63 (2) 818-8602