Fossil Energy – Malampaya
The depleting Malampaya field lost the 1,200-megawatt Iljan plant as a major gas-offtaker (buyer) of its output starting this June 6, as the buyer will no longer renew its expiring gas supply and purchase agreement (GSPA) with the consortium led by Shell Philippines Exploration.
The Ilijan plant is currently being operated by Korea Electric Power Corporation (KEPCO).
It is owned by state-run Power Sector Assets and Liabilities Management Corporation (PSALM), a transferee-company of the assets and liabilities of National Power Corporation (NPC) at the course of its privatization.