- 1,300+ MW
- Bataan Peninsula, island of Luzon, Philippines
- Providing jobs and substantial economic stimulus to a developing economy
Dinginin Station is a 1,336 MW power station under construction on the Bataan Peninsula, on the island of Luzon in the Philippines. The Engineering, Procurement and Construction agreements have been executed as have the Project Financing documents for the first 668 MW unit. First draw under the Project Financing occurred on September 2, 2016.
The Luzon power market ranks as one of the most attractive in Asia. Its regulatory framework is investor-friendly and transparent, and low current per capita electricity consumption combined with robust economic growth should ensure moderate to high demand growth. There is ongoing privatization of state-owned portfolio of generation and transmission assets. When it comes online in 2019, Dinginin Station is projected to set a new standard as the lowest marginal operating cost of all coal projects on the grid. It will also provide significant benefits to the local community by reducing electricity costs, as well as providing jobs and substantial economic stimulus.
Dinginin Station consists of two identical 668 MW power blocks using supercritical Pulverized Coal Combustion technology. It is being designed to meet the more restrictive of Philippine and World Bank emissions standards while selling power to offtakers under long-term power purchase agreements, as well as into the Philippine Wholesale Electricity Spot Market. Coal is to be sourced under long-term offtake agreements with several Indonesian suppliers.
In December 2016, an affiliate of Aboitiz Corporation completed a purchase of Sithe Global's interest in Dinginin Station. Interests are also held by affiliates of Ayala Corporation and GNPower.
Project Manager: Jason Oliver