Electricity Generating Public Co. (EGCO), a Thai energy company, has secured a 15-year power supply agreement (PSA) of 400 megawatts (MW) for its coal-fired Quezon Power plant in Mauban, Quezon. The new PSA, signed on 24 March, highlights EGCO’s commitment to the Philippine electricity market, ensuring long-term commercial operations and stable revenue generation.
EGCO subsidiary Quezon Power (Philippines) Ltd. Co. will continue to serve the Luzon grid. While the identity of the retail electricity distributor purchasing the power remains undisclosed, EGCO emphasized the strategic importance of the contract that reinforces the company’s long-term commercial viability in the region.
Dr. Jiraporn Sirikum, EGCO group president, said, “The new PSA underscores our continuous efforts to enhance service offerings and maintain a strong presence in the Philippine market.” She also said the plant would undergo necessary maintenance to ensure a smooth transition into the new agreement.
The 460-MW Quezon Power has been operational since 2000 under a 25-year PSA with Manila Electric Co. (Meralco). EGCO owns 100 percent of Quezon Power, reinforcing its stake in the country’s energy sector. In addition to Quezon Power, EGCO holds a 49 percent share in the 500 MW San Buenaventura Power plant, also located in Mauban, Quezon.
