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Pagbilao Gas-Fired Power Plant

Sector: Power Generation (CCGT) • Location: Philippines

Source: World Bank Group

Project
Active

The PHP17.65bn (US$380m) project entails the development of the 650MW combined cycle gas-fired power plant in Pagbilao, Quezon Province, the Philippines. Construction started in 2014 and operations are expected to start in 2016.

Borrower is Energy World Power Operations Philippines. Sponsor is Energy World Corp. Legal advisers to consortium are Hogan Lovells and Sycip. Legal advisers to lender

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The project “Pagbilao Gas-Fired Power 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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Description

Description

The PHP17.65bn (US$380m) project entails the development of the 650MW combined cycle gas-fired power plant in Pagbilao, Quezon Province, the Philippines. Construction started in 2014 and operations are expected to start in 2016. Borrower is Energy World Power Operations Philippines. Sponsor is Energy World Corp. Legal advisers to consortium are Hogan Lovells and Sycip. Legal advisers to lender are Abuda Asis & Associates and Marsden Law. Financing comprises a PHP6.75bn 5-year term loan and a PHP10.9bn equity. MLAs are Development Bank of Philippines, Land Bank of the Philippines and Asia United Bank. Financial close occurred on 18 September 2015.

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