Electricity Generating Public Company Limited or EGCO Group announced a key milestone in the Philippines that Quezon Power (Philippines), Limited Co. which owns and operates Quezon thermal power plant, successfully signed a new 15-year 400-MW Power Supply Agreement (PSA) with a major Retail Electricity Supplier on 24 March 2025. The latest PSA reiterates the power plant's presence as a highly reliable source of energy supply for the Luzon's grid and its capability to continually generate stable and consistent revenue for EGCO Group in the future.
Dr. Jiraporn Sirikum, President of EGCO Group, said, "The Quezon power plant has successfully acquired a new PSA for a long-term contract of 15 years. The new PSA marks the power plant's ongoing efforts to enhance its service offerings and continue its presence in the Philippines electricity market. The power plant will undergo essential outage maintenance to prepare for the new PSA. This strategic move ensures that the power plant will seamlessly continue its commercial operations and provide stability and reliability to the Luzon's grid. Meanwhile, it will consistently generate revenue for EGCO Group in the long term."
EGCO holds a 100% stake in the Quezon thermal power plant, which is situated in the Municipality of Mauban, Quezon in Luzon Island, the highest population area in the Philippines. The power plant began commercial operations in May 2000 under a 25-year power purchase agreement with Meralco. Since then, the facility has played a significant role in enhancing power security in the Philippines, especially when the country was facing severe power supply shortages. Throughout these years, the power plant has placed high importance on sustainable and harmonious co-existence with the community, society, and the environment. It has initiated various education and health promotion projects in parallel with skill and career development, basic infrastructure development, and biodiversity promotion, such as the sea turtle conservation and mangrove forest rehabilitation projects.