PNOC-EC is seeking partners to develop two mine-mouth coal-fired power plants, one in Isabela and the other in Zamboanga Sibugay. The power plant located in Isabela will utilise the lignite coal within PNOC-EC’s coal concession in the area. Meanwhile, the proposed power project in Zamboanga Sibugay will utilise the bituminous coal reserves from PNOC-EC’s Malangas coal mines. The JV partners for both projects will be involved in the development and operation of the power plant, as well as in marketing the generated electricity. PNOC-EC intends to hold minority stakes in both projects and will seek partners in accordance with the JV guidelines issued by National Economic and Development Authority. The competitive selection process is expected to commence by the first quarter of 2013.
