Aboitiz Power to Shutdown 44.640 MW Naga Oil-Fired Power Plant

Aboitiz Power Corporation was informed by its subsidiary, Therma Power-Visayas, Inc. (TPVI), of its receipt of the Letter of Confirmation (LOC) from the Department of Energy (DOE) for the decommissioning of TPVI’s 44.640 MW Naga Oil-Fired Power Plant (OFPP) and 0.440 MW Black Start Diesel Engine Generating Unit (BSDEGU) located at the Naga Power Plant Complex in Barangay Colon, Naga City, Cebu, effective March 31, 2025. The decommissioning was pursued in view of the technical and operational issues of the plant caused mainly by the advanced age of the diesel engines.

Notices regarding the LOC will be sent to the appropriate offices and entities, including the Independent Electricity Market Operator of the Philippines Inc. (IEMOP), the National Grid Corporation of the Philippines (NGCP), the Energy Regulatory Commission (ERC) and other concerned bodies, in accordance with the DOE’s Implementing Guidelines on the Decommissioning and Mothballing of a Generating Plant.

TPVI, a wholly-owned subsidiary of the Company through Therma Power Inc., acquired the Naga Power Plant Complex from its previous operator, Salcon Power Corporation, on July 16, 2018. Since then, TPVI has undertaken extensive rehabilitation, operation, and maintenance of the facility.