Masinloc Power Station Expansion Project Under Construction Project type Coal-fired power plant Location Masinloc, Output 300 MW x 2 Cost US$ 1.2 billion Source of funds Private Proponent SMC Global Power Start of Construction March 2016 (Unit 3)/TBA (Unit 4) Status Active

Date of Completion August 2019 (Unit 3)/TBA (Unit 4) Photo Source: POWER Magazine Developments Project Description: • August 2019: Unit 3 completed testing and commissioning The project involves the construction of 2 x 300 MW • December 2018: construction of Unit 3 completed units to double the existing capacity of the Masinloc The existing Masinloc plant was built by the GPH National Power Power Station in Zambales (west coast of ) by Corporation. It was acquired by the U.S. firm AES and was sold to building two new 300 MW units. San Miguel Global Power in 2018.

Updated on September 27, 2019 San Buenaventura Power Plant

Operational Project type Coal-fired power plant Location Mauban, Quezon Output 500 MW Cost P56.2 billion Source of funds Private Proponent San Buenaventura Power Start of Construction 2015 Status Active Date of Completion September 2019 Photo Source: San Buenaventura Power Ltd. Project Description: Developments The San Buenaventura Power Plant is the second unit of the • September 2019: Project in commercial operation Quezon Power Station on the east coast of Luzon. It is the • December 2015: Groundbreaking and start of construction. EPC first supercritical coal plant in the country. contract jointly awarded to Daelim Industrial and Mitsubishi Corporation • May 2015: ERC approved a 20-year power supply agreement San Buenaventura Power Ltd. Is a partnership between (PSA) between Meralco and San Buenaventura Power. Meralco Power Gen and the EGCO Group of Thailand.

Updated on September 27, 2019 Redondo Peninsula Energy Power Plant Under Development Project type Coal-fired power plant Location Subic, Zambales Output 2 x 300 MW Cost P50 billion Source of funds Private Proponent Redondo Peninsula (RP) Energy Start of Construction 2020 (Unit 1), 2021 (Unit 2) Status Active Date of Completion 2021 Photo source: Firstgen.com.ph Project Description: Developments The proposed project is a 2 x 300 MW circulating-fluidized bed • August 2019: ERC approved Meralco’s PSA application withdrawal coal-fired power plant in Redondo Peninsula, Subic, Zambales. • June 2019: Meralco filed for withdrawal of its PSA application • April 2019: RP energy defers project for a year due to permitting and site The project started as early as 2007 but because of the stability issues opposition to the coal-fired power plant, the project’s time • January 2018: EPC contract lapsed due to long delay in PSA approval table has been delayed. • October 2016: EPC contract issued to Azul Torre Construction and Doosan Heavy Industries' and Construction RP Energy is a joint consortium between Meralco PowerGen., Therma Power, and Taiwan Cogeneration International. Updated on September 27, 2019 GNPower Dinginin Supercritical Coal-Fired Power Plant Under Construction Project type Coal-fired power plant Location Mariveles, Output 668 MW x 2 Cost US$ 1.7 billion Source of funds Private Proponent GNPower Dinginin Start of Construction September 2016 (Unit 1) / Unit 2 pending Status Active Date of Completion October 2019 (Unit 1) / June 2020 (Unit 2) Photo Source: AboitizPower

Project Description: Developments • August 2019: Unit 2 still for finalization of EPC contract The GNPower Dinginin project is a joint venture between • June 2019: Unit 1 completes testing and commissioning Aboitiz Power’s ThermaPower, Ayala-owned AC Power, and • December 2017: second unit secures financing • September 2016: first unit begins construction Naurian-American Power Partners Ltd. that will generate an • December 2015: first unit secures financing additional 1,336 MW to the existing 600 MW coal-fired plant in Mariveles.

Updated on September 27, 2019 Atimonan One Energy Coal-fired Power Plant Project Under Development Project type Coal-fired power plant Location Atimonan, Quezon Output 600 MW x 2 Cost US$ 3 billion Source of funds Private Proponent Atimonan One Energy Start of Construction March 2023 (Unit 1) / TBD (Unit 2) Status Active Date of Completion 2023 (Unit 1) / TBD (Unit 2) Photo Source: Powerphilippines.com Project Description: Developments The project will provide thermal power by generating • August 2019: ERC approved Meralco’s withdrawal electricity from a highly efficient thermal power station • June 2019: Meralco files for withdrawal of its PSA application using ultra supercritical technology. • May 2019: Supreme Court invalidates Meralco’s PSA

Atimonan One Energy is a wholly-owned subsidiary of Meralco PowerGen Corporation of Meralco.

Updated on September 27, 2019 Pagbilao Coal-Fired Thermal Power Plant – Unit 3 Operational Project type Coal-fired power plant Location Pagbilao, Quezon Output 420 MW Cost US$ 1 billion Source of funds Private Proponent Pagbilao Energy Date of Completion August 2017 Status Operational Start of Operations May 2018 Photo Source: Daelim Developments Project Description: The 420 MW Pagbilao Unit 3 Power Project is an expansion of the 735 MW Pagbilao Power Station, which has been operating since 1996.

This station was built by Hopewell of Hong Jo, acquired by Southern Electric of US and acquired by TeaM Energy (composition etc.) in (year)

Pagbilao Energy Corp. is a joint venture between TeaM Energy (partnership between Tokyo Electric Power Company and Marubeni Corporation) and AboitizPower Updated on October 19, 2018 Mindanao-Visayas Interconnection

Under Construction Project type Power grid connection Location Cebu and Lanao del Norte Capacity 450 MW Cost PhP 52 billion Source of funds Private Proponent NGCP Start of Construction 2018 Status Active

Date of Completion December 2020 Photo Source: National Grid Corporation of the Project Description: Developments The Mindanao-Visayas Interconnection Project (MVIP) will connect the Visayas • September 2019: Santander cable terminal station completed. Acquisition of tower and Mindanao power grids as part of the long-standing plan for a unified sites and road right-of-way still on-going. Philippine grid to allow Mindanao to participate in the Wholesale Electricity • November 2018: Groundbreaking ceremony. Spot Market (WESM). • May 2018: DOE classified MVIP as Energy Project of National Significance (EPNS) • July 2017: ERC grants provisional authority to NGCP to implement the MVIP Considered the biggest power infrastructure project in the country, the project • 2010-2016: Aquino administration studies alternative routes. Selects Cebu-Lanao • 1998: Luzon and Visayas grids were interconnected. involves the installation of 184 circuit-kilometers of submarine cables and 422 • XXXX: TRANSCO recommends a $500 million connection of the Mindanao grid to the circuit-kilometers of overhead wires to connect the Lala Converter Station, national grid. Lanao del Norte to the Dumanjug Converter Station, Cebu. Updated on September 26, 2019 GNPower Kauswagan

Under Construction Project type Coal-fired power plant Location Kauswagan, Lanao del Norte Output 552 MW Cost US$ 2.5 billion Source of funds Private Proponent GNPower Kauswagan Start of Construction 2015 Status Active

Date of Completion 2019 Photo Source: GNPower Developments Project Description: GNPower Kauswagan is a four-unit coal-fired power plant located in Lanao del Norte, Mindanao. Once constructed, • July 2019: first unit is expected to begin commercial operation and the second by July/August. The operation for the additional it will be a baseload plant to support power demand and two units has been scheduled for September and November. economic development throughout Mindanao.

Updated on June 24, 2019 EWC Pagbilao LNG Terminal

Under Construction Project type LNG hub terminal Location Pagbilao Grande Island, Quezon Capacity 650 MW Cost US$ 900 million Source of funds Private Proponent Energy World Corporation Start of Construction March 2019 Status Active

Date of Completion March 2020 Photo Source: www.energyworldcorp.com Developments Project Description: Australia-listed EWC is developing the country’s first LNG hub terminal. The • August 2019: Construction of its two LNG tanks is at 40% while its two 200 MW facility will support the adjacent 650 MW combined cycle gas-fired power gas-fired plants is 100% complete and installed to the grid. Its third 250 MW plant. power plant is still up for further testing and commissioning. • December 2018: DOE issues the project a permit to construct, own, and operate. EWC has been developing the import terminal and power plant since • November 2018: The project was certified as an Energy Project of National 2011 but construction has been set back by several delays which includes Significance (EPNS). The EPNS is intended to establish a simplified approval the pending completion of the tie-in connection of the Tayabas-Naga process and harmonize the relevant rules and regulations of all government transmission of the National Grid Corp. of the Philippines (NGCP). agencies involved in the permitting process. Updated on September 16, 2019 FirstGen LNG Terminal

Under Construction Project type LNG hub terminal Location Batangas City, Batangas Capacity 5 MTPA Cost US$ 1 billion Source of funds Private Proponents FGEN LNG & Tokyo Gas Start of Construction 2019 Status Active Date of Completion 2023 Photo Source: www.firstgen.com.ph Developments Project Description: • September 2019: FGEN announced Japan’s JGC Corporation as EPC The project will be the second LNG hub terminal in the country. The contractor targeted market of the terminal will be First Gen’s existing gas-fired • August 2019: DOE certifies the facility as an Energy Project of National plants in Batangas: Santa Rita (1,000MW), San Lorenzo (500MW), San Significance (EPNS) Gabriel (414MW), and Avion (97MW) plants. The current source of • May 2019: ground-breaking ceremony in FGEN Clean Energy Complex fuel for these plants is the offshore Malampaya gas field operated • March 2019: DOE issues NTP certificate by Shell/Chevron, expected to end production in less than a • December 2018: First Gen signs joint development agreement with Tokyo decade. Gas

Updated on September 10, 2019 Tanglawan LNG Terminal

Under Construction Project type LNG hub terminal Location Batangas Capacity 2.3 MTPA Cost US$ 2 billion Source of funds Private Proponents Tanglawan Philippine LNG Start of Construction 4Q 2019 Status Active

Date of Completion 2023 Photo Source: www.lngworldnews.com Developments Project Description: The proposed facility will be the second LNG terminal in the country. • August 2019: DOE grants a six-month extension to its NTP certificate. It will be an onshore LNG receiving and regasification terminal that Ground-breaking will be delayed by year-end. will be integrated with a power plant project with a capacity of • June 2019: Project files for NTP extension. • March 2019: Phoenix Petroleum Philippines and China National Offshore 1,000 MW. Oil Corporation (CNOOC) Gas and Power Group signs a memorandum of understanding with Philippine National Oil (PNOC) Tanglawan Philippine LNG is a joint venture between Phoenix • December 2018: DOE issues the project a notice-to-proceed (NTP) Petroleum Philippines and China National Offshore Oil Corporation. certificate. Updated on September 16, 2019 Excelerate Energy LNG Terminal

Under construction Project type LNG hub terminal Location Batangas Capacity 1.5 MTPA Cost US$200 million Source of funds Private Proponents Excelerate Energy LP Start of Construction pending Status Active

Date of Completion pending Photo Source: www.excelerateenergy.com Developments Project Description: The proposed facility is the fourth LNG project application to be • August 2019: DOE issues the project a notice-to-proceed (NTP) issued an NTP permit by the DOE. Unlike other proposals, Excelerate certificate valid for 6 months. will build a floating storage regasification unit (FSRU) which will be • July 2019: DOE asked for additional documentation on the easier and faster to bring into commercial operation. The market project’s after market. being targeted by the project is the Ilijan gas-fired plant in Batangas. • December 2018: Excelerate Energy submits application to DOE

Excelerate Energy is a Texas-based global pioneer and market leader in innovative floating LNG solutions. Updated on September 27, 2019