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Pagbilao plant contract ends
Manila Bulletin
|August 16 2025
Independent power producer (IPP) TeaM Energy Corp. has transferred its 735-megawatt (MW) Pagbilao coal-fired power plant to the government, following the expiration of its Build, Operate, and Transfer (BOT) contract.
In a statement, TeaM Energy said Friday, Aug. 15, that the turnover to the Power Sector Assets and Liabilities Management Corp. (PSALM) and the National Power Corporation (NPC) was a result of its 1991 agreement.
The facility has been subsequently turned over to a unit of Aboitiz Power Corp., Therma Luzon, Inc. (TLI).
The Pagbilao plant, located in Quezon province, consists of two generating units, each with a 367.5 MW capacity.
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