Toledo City power station
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Toledo City power station is an operating power station of at least 122-megawatts (MW) in Daang-Lungsod, Toledo, Cebu, Central Visayas, Philippines with multiple units, some of which are not currently operating. It is also known as TPC 1A Expansion (Unit 3), Toledo Sangi power station, TPC TG5 (Sangi Station) (Unit 2).
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Toledo City power station | Daang-Lungsod, Toledo, Cebu, Central Visayas, Philippines | 10.3873068, 123.6424188 (exact) |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- Unit 2, Unit 3: 10.3873068, 123.6424188
- Unit 4: 10.387266, 123.639802
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | Start year | Retired year |
|---|---|---|---|---|---|---|
| Unit 2 | operating | coal: lignite | 40 | subcritical | 1983 | – |
| Unit 3 | operating | coal: lignite | 82 | subcritical | 2014 | – |
| Unit 4 | retired | coal: lignite | 52 | subcritical | 1983 | 2016 |
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Unit 2 | Toledo Power Corp [100%] | Manila Electric Co [100.0%] |
| Unit 3 | Toledo Power Corp [100%] | Manila Electric Co [100.0%] |
| Unit 4 | Global Business Power Corp [100%] | Manila Electric Co [100.0%] |
Background
Old Toledo city Power station (TPC Sangi)
The Toledo City power station was originally constructed in the 1960s and consisted of three units which provided power to the Atlas Mines until its closure in the 1990s.[1] A coal-fired unit referred to as 'Unit 4' of the old TPC Sangi (Toledo City) appeared in the DOE's list of existing power stations from 2010-2016 with varying dependable capacities (from 20 MW to 62 MW, depending on the year).[2][3] As of December 2016, the unit disappeared from the DOE lists of existing power stations. A 2015 Energy Regulatory Commission document referring to an unreliable " 52 MW Coal-Fired Power Plant (TPC Sangi)" may have indicated the impending retirement of the aforementioned Unit 4.[4]
New Toledo City power station
The current iteration of the Toledo City power station began with the construction of the 22 MW Unit 1, commissioned in 1982, and the 40 MW Unit 2, commissioned in 1983. The site also contains a 40 MW diesel-fueled power station. The plant is operated by Toledo Power Corporation, a subsidiary of Global Business Power Corporation.[5] The plant primarily provides power for the operations of Carmen Copper Corporation.[6]
In November of 2012, construction began on an 82 MW expansion for the Toledo City power station. The expansion project was expected to cost P10.2 billion (approximately 1 billion USD).[7] In 2013, Toledo Power Corporation announced that it had secured a P7 billion loan to finance approximately 70% of the project. The loan was primarily arranged by First Metro Investment Corporation and included financing by a consortium of financing institutions: Bank of the Philippine Islands, Chinabank, EastWest Bank, Land Bank, Rizal Commercial Banking Corporation, Philam Life, UnionBank and United Coconut Planters Bank.[8] Unit 3 began operation in September of 2014, three months ahead of schedule.[1] According to a 12-year power supply agreement between Carmen Copper Corporation and Toledo Power Corporation signed in June 2012, Unit 3 provides 60 MW of power to Carmen Copper Corporation, in addition to 40 MW of power supplied by Units 1 & 2.[9][10]
In 2017, the Philippine Movement for Climate Justice lodged a formal complaint against the International Finance Corporation (IFC) for its involvement in Philippine coal-fired power stations. The complaint alleged that the IFC had funded these projects through its financial support to Rizal Commercial Banking Corporation (RCBC). The Toledo City power station expansion was one of 11 projects for which the IFC's involvement was found to be sufficient to trigger the IFC's internal accountability process.[11]
As of April 2023, the DOE's list of existing grid-connected power plants showed that the three units were still operating normally at near their installed capacities. [12]
Plant ownership
Toledo Power Corporation is a subsidiary of Global Business Power Corp. Initially, Global Business Power Corp. was jointly owned by Beacon PowerGen Holdings (56%), JG Summit Holdings (30%), and Meralco PowerGen Corp. (14%). In December of 2020, Meralco announced that it had acquired full ownership of Global Business Power Corp. by purchasing the 86% stake held by Beacon and JG Summit for P34.466 billion (approx. 720 million USD).[13]
Articles and Resources
References
- ↑ 1.0 1.1 82-MW Cebu power plant switched on, Manila Standard, Sep. 19, 2014
- ↑ LIST OF EXISTING PLANTS VISAYAS DOE, December 2015
- ↑ LIST OF EXISTING PLANTS VISAYAS DOE, June 2016
- ↑ ERC Case No. 2015-003 RC Energy Regulatory Commission, Jan. 27, 2015
- ↑ LIST OF EXISTING POWER PLANTS (GRID-CONNECTED) AS OF DECEMBER 2020, Philippines Department of Energy, Dec. 31, 2020
- ↑ Toledo Power Corporation, Global Business Power Corporation, Accessed June 2, 2021
- ↑ Marigold Lebumfacil, Toledo Power breaks ground for P10B plant, The Freeman, Nov. 12, 2012
- ↑ Toledo Power secures P7-B loan facility for expansion project, GMA News Online, Mar. 8, 2013
- ↑ Amy R. Remo, Toledo Power obtains P7-B loan for new power plant, Philippine Daily Inquirer, Mar. 8, 2013
- ↑ Carmen Copper seals deal for 12-year power supply, Business World, June 7, 2012
- ↑ CAO ASSESSMENT REPORT Regarding Concerns in Relation to IFC’s Investment in Rizal Commercial Banking Corporation (RCBC) – 01 (#30235, #32853, #34115, #37489) in the Philippines, IFC Compliance Advisor Ombudsman, April 2019
- ↑ List of Existing Power Plants per Grid - Visayas, Department of Energy, April 28, 2023
- ↑ Alena Mae S. Flores, Meralco says sale price of GBPC is fair, reasonable, Manila Standard, Dec. 28, 2020
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.
