Mindanao Steag power station
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Mindanao Steag power station is an operating power station of at least 232-megawatts (MW) in Villanueva, Misamis Oriental, Northern Mindanao, Philippines with multiple units, some of which are not currently operating.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Mindanao Steag power station | Villanueva, Misamis Oriental, Northern Mindanao, Philippines | 8.5725, 124.7573 (exact) |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- Unit 1, Unit 2, Unit 3: 8.5725, 124.7573
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | Start year | Retired year |
|---|---|---|---|---|---|---|
| Unit 1 | operating | coal - bituminous | 116 | subcritical | 2006 | – |
| Unit 2 | operating | coal - bituminous | 116 | subcritical | 2006 | – |
| Unit 3 | cancelled | coal - bituminous | 150 | subcritical | – | – |
Table 3: Unit-level ownership and operator details
| Unit name | Owner |
|---|---|
| Unit 1 | STEAG State Power Inc [100.0%] |
| Unit 2 | STEAG State Power Inc [100.0%] |
| Unit 3 | STEAG State Power Inc [100.0%] |
Background
The Mindanao Steag power station is a 232-megawatt (MW) coal-fired power station in the Phividec Industrial Estate in Villanueva in the Philippines.[1][2][3]
According to the government-approved Climate Investment Fund (CIF) Accelerating Coal Transition (ACT) Program Investment Plan of 2023, the Asian Development Bank (ADB) was planning to help facilitate the early retirement of the power station which was the only remaining "government owned coal asset in the Philippines" at the time.[4] An exact planned retirement date was not provided.
150 MW expansion
In 2010, the following report described a planned expansion of the facility:[5]
- AboitizPower Corp. and its partners in STEAG State Power Inc., operator of the 232 megawatt coal plant at the Phiividec Industrial Estate in Villanueva, Misamis Oriental have decided to develop a third unit of about 150 MW capacity adjacent to the existing facility. Partners Evonik Steag GmbH of Essen, Germany, La Fiipina Uy Gongco Corp. and AboitizPower agreed to keep their shareholdings in the same proportions of 51 percent, 15 percent, and 34 percent, respectively, in the new company that created for the additional capacity. STEAG State Power sells its output to the National Power Corp., but the new venture will sell electricity under long-term sales agreements to utilities or industries.
The Philippines Department of Energy (DOE) August 2013 status report on power projects did not mention the project. Apparently, the project has been cancelled.[6] A February 2015 article on the repair of the plant's existing two units did not mention the expansion.[7]
Shift in Ownership
In October 2022, STEAG sold a majority of their shares in STEAG State Power Inc., the owner and operator of Mindanao Steag power station.[1] The buyer was Aboitiz Power Corp., a company that owned and co-owned various other coal plants in the Philippines. STEAG will remain a minor shareholder until 2031 at the latest, but the Group cited that decarbonization of assets was the reason for the sale.[8] An additional 15% of shares were owned by La Filipina Uy Gongco Corp.[9]
In February 2024, Aboitz Power bought STEAG GmbH's remaining 15.6% stake in the power station, lifting its share of the project to 85%.[10]
Articles and Resources
References
- ↑ 1.0 1.1 Mindanao Coal Power Plant Philippines, Global Energy Observatory, accessed May 2012
- ↑ "Coal-Fired Plants Financed by International Public Investment Institutions Since 1994", Appendix to Foreclosing the Future: Coal, Climate and International Public Finance: Investment in coal-fired power plants hinders the fight against global warming, Environmental Defense, April 2009.
- ↑ List of Existing Power Plants, Philippine Department of Energy, Dec. 31, 2020
- ↑ Climate Investment Fund (CIF) Accelerating Coal Transition (ACT) Program Investment Plan (IP) for the Republic of the Philippines, Government of the Philippines, September 19, 2023
- ↑ "AboitizPower, partners to build 150-MW facility in Mindanao," GMA News, June 28, 2010
- ↑ Energy Situationer 2013 Private Sector Initiated Power Projects Mindanao, Philippines Department of Energy, August 12, 2013
- ↑ Cayon, Manuel. Mindanao power cooperatives seek to defer repair of 2 Steag coal plants. Business Mirror, 20 Feb. 2015.
- ↑ STEAG sells shares in foreign power plant, STEAG, 10 Oct. 2022.
- ↑ Aboitiz nears takeover of Mindanao coal plant, Business Inquirer, 24 Oct. 2022.
- ↑ "AboitizPower hikes stake in coal-fired plant," Inquirer.net, February 23, 2024
Additional data
To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.
