TeaM Energy Corp. has handed over operations of the Sual coal-fired thermal power plant (CFTPP) to the government, ensuring continued electricity generation for the Luzon grid. The transfer occurred on Friday, coinciding with the expiration of the plant’s independent power producer contract crafted in May 1994.
The Sual CFTPP, with a capacity of 1,200 megawatts, is the largest coal-fired facility in the Philippines. It was developed under a build-operate-transfer scheme, with the National Power Corporation (NPC) as government representative.
Mitsuhiro Kojima, TeaM Energy’s officer-in-charge, highlighted the successful collaboration with NPC and the Power Sector Assets and Liabilities Management Corporation (PSALM) during the transition. “The plant has been turned over in excellent condition, ready to continue generating electricity,” he stated.
On the same day, San Miguel Global Power subsidiary, Sual Power Inc. (SPI), took ownership of the plant following its role as independent power producer administrator (IPPA). SPI’s rights to the facility were solidified with the termination of its IPPA agreement with PSALM.
“For over 25 years, the Sual power station has played a vital role in powering the Philippines, providing reliable energy to homes and businesses,” Kojima noted.
Despite this transition, TeaM Energy remains active in the energy sector, continuing operations at the 735 MW Pagbilao coal-fired power station in Quezon Province and maintaining a 50 percent stake in the 420-MW Pagbilao unit 3 project.
In a push towards sustainability, TeaM’s retail electricity division, TeaM Philippines Energy Corp. (TPEC), recently completed a 1.3 MW solar installation for Mariwasa Siam Ceramics Inc., boosting its total renewable energy supply to the manufacturer to 4.4 MW. This initiative is part of two 25-year solar supply agreements, with TPEC responsible for the ongoing operation and maintenance of the systems.
