Talomo Hydroelectric Plant
Sector: Hydro • Location: Cebu, Philippines
Source: World Bank Group
In April of 2004, the Philippine government, through the Power Sector Assets and Liabilities Management Corporation (PSALM), launched a planned US$5 billion divestiture of its state-owned power assets with the initial sale of a 3.5-MW plant to local firm Hydro Electric Development Corp. (HEDC), a subsidary of Aboitiz Power Co., which was in turn a subsidary of Aboitiz Equity Ventures (AEV). HEDC
- Status
- Prospective
- Sector
- Hydro, Government, Power Generation (CCGT)
- Location
- Cebu, Philippines
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | In April of 2004, the Philippine government, through the Power Sector Assets and Liabilities Management Corporation (PSALM), launched a planned US$5 billion divestiture of its state-owned power assets with the initial sale of a 3.5-MW plant to local firm Hydro Electric Development Corp. (HEDC), a subsidary of Aboitiz Power Co., which was in turn a subsidary of Aboitiz Equity Ventures (AEV). HEDC bought the Talomo Hydroelectric Plant in the southern city of Davao in Mindanao for US$1.37 million. Built in 1957, the Talomo Plant was the first hydroelectric plant in southeastern Mindanao. It was leased in 1972 to Davao Light & Power Co., a subsidiary of Aboitiz Power Co., before being returned to Napocor in 1998. The plant was one of 35 owned by state-owned National Power Corp. (Napocor), which the government had planned to divest in order to trim the firm's debts. None None |
Original sector | Energy |
Budget |
Location
Country | Philippines |
State | Cebu |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Hydro, Government, Power Generation (CCGT) |
Article published date | 2023-02-20 |
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