Enron Subic Diesel Plant
Sector: Power Generation (CCGT) • Location: Laguna, Philippines
Source: World Bank Group
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
- Status
- Closed
- Sector
- Power Generation (CCGT), Government
- Location
- Laguna, Philippines
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Concluded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
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 |
Original sector | Energy |
Budget |
Location
Country | Philippines |
State | Laguna |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Government |
Article published date | 2023-02-20 |
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