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Enron Subic Diesel Plant

Sector: Power Generation (CCGT) • Location: Philippines

Source: World Bank Group

Project
Concluded

This 28-MW project is located at the former US naval base in Subic, near the larger Subic Bay Plant also being developed by Enron. Enron rehabilitated the plant and was operating it under a renewable 3-year lease. The rehabilitation consisted primarily of modernizing the fuel treatment system. Electricity generated by the plant was sold to Napocor.

Enron had taken a 65% equity stake in the pro

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Project Information

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The project “Enron Subic Diesel Plant” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Philippines. Taiyo aggregates data on it from World Bank Group.

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Participants

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concluded

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Description

Description

This 28-MW project is located at the former US naval base in Subic, near the larger Subic Bay Plant also being developed by Enron. Enron rehabilitated the plant and was operating it under a renewable 3-year lease. The rehabilitation consisted primarily of modernizing the fuel treatment system. Electricity generated by the plant was sold to Napocor. Enron had taken a 65% equity stake in the project, with the remaining 35% taken by Philippine investors. Financing for the project consisted of US$105 million provided by Chase Asia, Bear Stearns, and Citicorp in the form of 15 and 8 year senior secured notes. The plant was retired by Napocor in January 1998. None None

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Source

Source reliability

High

Data quality score

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Source

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URL

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More Details

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