Last Friday, Sual Power Inc. (SPI) took over the operations of the 1,200-megawatt (MW) Sual thermal power plant, which has been providing electricity to the Luzon grid since 1999.
After over 25 years, Team Energy handed back the power station to the government through the Power Sector Assets and Liabilities Management Corp. (PSALM).
The facility, which consists of two 600-MW generating units, was developed under a build-operate-and-transfer scheme with the government, then represented by National Power Corp.
This story is from the October 28, 2024 edition of The Philippine Star.
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This story is from the October 28, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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