The Quezon thermal power plant in the Philippines, owned by EGCO Group, has locked in a new 15-year contract with a major Retail Electricity Supplier. This long-term deal ensures stable energy supply for Luzon and consistent revenue for EGCO, marking a significant milestone for the power plant’s future operations.
The agreement reaffirms the plant’s role as a reliable energy source in the region while supporting the continuous growth of the local power sector. EGCO is committed to maintaining operational excellence, providing dependable power to communities, and contributing to the country’s energy security.
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EGCO-owned Quezon Power (Philippines), Limited Co., the owner and operator of the Quezon thermal power plant in Mauban, Quezon has secured a new 15-year power supply contract with a major Retail Electricity Supplier, ensuring consistent revenue and reliable energy supply for Luzon.
The company’s parent firm, Electricity Generating Public Company Limited or EGCO Group, in a statement posted on its website, said Quezon Power (Philippines) has recently inked the 15-year, 400-MW Power Supply Agreement (PSA), marking a significant step in maintaining Luzon’s energy stability and supports the company’s goal of generating steady revenue.
EGCO Group President Dr. Jiraporn Sirikum expressed confidence in the new agreement. “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,” he said.
To prepare for the new PSA, Quezon Power Plant will undergo essential outage maintenance. This strategic move is aimed at ensuring continuous and stable power generation once the new contract is in effect. Dr. Sirikum noted that the maintenance would help the plant maintain operational reliability while also safeguarding its role in Luzon’s power grid.
The Quezon thermal power plant has been a key energy supplier since it began operations in 2000. Originally operating under a 25-year power purchase agreement with Meralco, the facility played a critical role in addressing power shortages in the region. Over the years, the plant has maintained a strong commitment to community development and environmental conservation.
Beyond power generation, the plant has initiated community programs that focus on education, health, and environmental conservation. Projects like the sea turtle conservation initiative and mangrove forest rehabilitation are part of the plant’s effort to balance power production with ecological preservation.
EGCO Group holds a 100% stake in the Quezon Power Plant, which continues to be a vital part of Luzon’s energy infrastructure. With the new PSA, the plant is set to deliver reliable power to meet growing demand while maintaining sustainable community practices.
As of March 2025, EGCO Group’s portfolio includes 6,608 MW of equity capacity in both operational and developing projects. Around 20% of this capacity comes from renewable energy sources like biomass, hydropower, solar, wind, fuel cells, and battery storage. Apart from the Philippines, EGCO also has energy-related businesses in Thailand, Indonesia, and other countries.
What do you think about this long-term power deal? Share your thoughts in the comments!
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