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Visayas Base-Load Power Development Project

Visayas Base-Load Power Development Project
Project information
Request number 2011/1
Project name Visayas Base-Load Power Development Project
Project number Loan No. 2612-PHI
Country Philippines

Summary

The Project involves construction and operation of a 200 megawatt coal-fired power plant on 100,000 square meters of land in the barangay (district) of Colon, in the city of Naga, Cebu Province, about 20 km from Cebu City. The plant will use circulating fluidized bed (CFB) boiler technology, known as "cleaner coal" technology as CFB boilers are very low generators of nitrogen oxide and sulfur dioxide emissions. The Project aims to provide much needed electricity to an economically promising area of the Philippines with a current power shortage, and will thereby support the country’s continued growth and contribute to reduced poverty in the region. The Project supports sustainable growth in the Visayas region by increasing the availability of reliable and competitively priced power to help alleviate the current power supply shortage without additional fiscal burden on the Government.

Under this Project, ADB is providing a direct loan of $100,000,000 to KEPCO-SPC Power Corporation (KSPC), a registered Philippines company, without government guarantee.

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Progress Report

Steps and Milestones Date Remarks and Attachments
1. Filing of request
  Request received by CRP Secretary with requisite basic information 25 May 2011 Request for compliance review [PDF]
(attachments are available upon request from CRP Secretary at crp@adb.org)
2. Registration and acknowledgement of request
  Registration of request 2 June 2011  
  Notice of registration and acknowledgement sent to Requester 2 June 2011 Notice of Registration [PDF]
  Press advisory on registration of request 3 June 2011 Press Advisory [PDF]
3. Determination of eligibility of request
  Eligibility of request reviewed by CRP   Reviewed; Eligibility mission held on 16 June 2011
  CRP report on its review of eligibility submitted to Board 20 Jun 2011 CRP determines request is eligible and recommends to the Board to authorize compliance review.
  CRP informs Requesters of its decision 21 June 2011  
4. Board authorization of compliance review
  Board authorization of compliance review 11 July 2011  
  Receipt of Board's authorization of compliance review 12 July 2011  
  Requesters informed of Board's decision 14 July 2011  
  CRP report on eligibility and Board's decision posted on website 14 July 2011 Report on Eligibility [PDF] and Board's decision [PDF]
5. Conducting the compliance review
  CRP provides Draft TOR to BCRC for clearance 21 July 2011  
  BCRC's clearance of TOR 28 July 2011  
  TOR provided to the Board and the Requesters; and posted on website 28 & 29 July 2011 TOR for Compliance Review [PDF]
  Investigation   Completed; Site visit held on 15-16 September 2011
6. CRP Draft Report
  Issued and sent to Management and Requesters 20 January 2012  
7. Management Response and Requester Response to CRP Draft Report
  Management Response received 23 February 2012  
  Requesters Response received 20 February 2012  
8. CRP Final Report
  Issued to the Board for final decision 12 March 2012  
  Requesters informed of issuance 13 March 2012  
9. Board's Decision
  Board Meeting 2 April 2012  
  Board's Decision 11 April 2012 Board's Decision [PDF]
  Board's Decision & CRP Final Report sent to Requesters and posted on website 11 April 2012 CRP Final Report [PDF] (Management Response and Requester Response to CRP Draft Report are attached)
10. Post-decision Monitoring
  Draft 1st CRP Annual Monitoring Report forwarded to BCRC for review 25 June 2013  
  CRP 1st Annual Monitoring Report issued 12 July 2013 1st Annual Monitoring Report [PDF]
Report sent to Requesters
  Draft 2nd CRP Annual Monitoring Report forwarded to BCRC for review 22 July 2014  
  CRP 2nd Annual Monitoring Report issued 5 August 2014 2nd Annual Monitoring Report [PDF]
Report sent to Requesters
  Draft 3rd CRP Annual Monitoring Report forwarded to BCRC for review 31 July 2015  
  CRP 3rd Annual Monitoring Report issued 17 August 2015 3rd Annual Monitoring Report [PDF]
Report sent to Requesters
  CRP 4th Annual Monitoring Report issued 17 August 2016 4th Annual Monitoring Report [PDF]
Report sent to Requesters
  CRP 5th Annual Monitoring Report issued 13 November 2017 5th Annual Monitoring Report [PDF]
Report sent to Requesters