CleanTechnica•15 days ago
Philippines Hands Over Strategic Hydropower Complex to Private Consortium
Key Takeaway
The privatization of a major hydro asset in the Philippines underscores a strategic market shift towards valuing grid flexibility, creating new investment considerations for developers and large power consumers in the region.
AI Summary
- •The Philippine government has privatized the strategic Caliraya–Botocan–Kalayaan (CBK) Hydroelectric Power Plant complex, transferring operations to the Aboitiz-led Thunder Consortium.
- •This handover represents one of the country's most significant power sector privatizations, indicating a major policy and regulatory shift.
- •The transaction highlights a growing market emphasis on grid flexibility, now considered as crucial as sheer generation capacity, impacting future investment signals for developers and large power consumers.
Topics
capacity-marketfinancingm&apolicy
Article Content
The Philippine government has formally turned over operations of the Caliraya–Botocan–Kalayaan (CBK) Hydroelectric Power Plant complex in Laguna to the Aboitiz-led Thunder Consortium, completing one of the country’s most consequential power sector privatizations at a time when grid flexibility is becoming just as important as sheer generation capacity. The Thunder ... [continued] The post Philippines Hands Over Strategic Hydropower Complex to Private Consortium appeared first on CleanTechnica .