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AES Philippines

The AES Corporation (NYSE:AES) is a Fortune 200 global power company with generation and distribution businesses in key markets that span five continents. We have a diverse portfolio of thermal and renewable fuel sources to help meet the world’s changing power needs. AES provides affordable and sustainable energy in 21 countries, with a total capacity of approximately 45,900 megawatts and serving over 12 million people. Our 2012 revenues were $18 billion and manage $42 billion in total assets.

Founded in 1981 as one of the pioneer independent power producers in the United States, AES has always been at the forefront of change. Our global workforce of 25,000 is deeply committed to operational excellence and safely providing affordable and sustainable energy.

AES global mission is to improve lives by providing safe, reliable and sustainable energy solutions in every market we serve.

AES Philippines

In April 2008, AES seized the opportunity to enter the growing Philippine market when it acquired a 600-megawatt thermal power plant in Zambales Province in Luzon. By successfully rehabilitating the ten-year old Masinloc Power Plant, AES not only expanded its footprint in Asia. It also demonstrated its deep local knowledge and distinctive operational skills – honed from more than two decades of leadership in the global energy sector and pioneering advances in many markets.

  • Upon AES takeover, the company implemented a holistic Rehabilitation Program at the plant.
  • As of April 2009:
  • Rated Capacity: 630-MW (2 x 315-MW vs. nameplate of 2 x 300-MW)
  • Heat Rate: 9,995.5 btu/kWh average at full load
  • Availability Factor: greater than 90%
  • Auxiliary Load: less than 8.5%
  • Environmental Footprint: Surpasses Philippine and World Bank Standards


Mission
We are a global company with an empowered team.
We safely and reliably provide competitive energy to support socio-economic development of the Philippines.

Values
AES people work round the clock each day to provide affordable and sustainable power. The actions that we each take are guided by these core values:

  • Put Safety First
    We will always put safety first – for our people, contractors and communities.
  • Act with Integrity
    We are honest, trustworthy and dependable. Integrity is at the core of all we do – how we conduct ourselves and how we interact with one another and all of our stakeholders.
  • Honor Commitments
    We honor our commitments to our customers, teammates, communities, owners, suppliers and partners, and we want our businesses, on the whole, to make a positive contribution to society.
  • Strive for Excellence
    We strive to be the best in all that we do and to perform at world-class levels.
  • Have fun through work
    We work because work can be fun, fulfilling and exciting. We enjoy our work and appreciate the fun of being part of a team that is making a difference. And when it stops being that way, we will change what or how we do things.

Plant Profile
Location : Masinloc, Zambales
Type of Plant : Coal-fired Power PLant
Type of Ownership : Independent Power Producer (IPP)
Installed Capacity (MW) : 600 MW
Unit 1 – 300 MW
Unit 2 – 300 MW

Company Profile
Owner : Masinloc Power Partners Co. Ltd.
Officials, Designation : Neeraj Bhat, Managing Director, Philippine Market
Office Address : 18th Floor, Bench Tower, 30th street corner Rizal Drive, Crescent Park West 5, Bonifacio Global City, Taguig 1634, Metro Manila, Philippines
Telephone No. : 459-2600
Fax No. : 459-2695
E-mail : corporate.affairs@aes.com

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