Electricity Generating Public Company Limited or EGCO Group recently celebrated the start of construction of its “Masinloc Unit 3” coal-fired power project in the Philippines following the completion of the expansion financial closing for USD525 million (approximately 18,600 million baht) credit facility for the project. The groundbreaking ceremony was held at Masinloc power plant in Zambales province, the Philippines, on March 3, 2016. The project will be one of the power plants in
the country to utilize the efficient supercritical technology. It will have a gross output capacity of 335 MW which is located at
the existing sites of Masinloc Unit 1 and 2 power plants. The project is co-invested by EGCO Group, AES Corporation and the International Finance Corporation (IFC), in the proportion of 40.95%, 51% and 8.05% respectively. It is scheduled to start its commercial operation by mid-2019.

Shown in the picture:
The groundbreaking ceremony was witnessed by Mr. Chanin Chaonirattisai (6th from left), President of EGCO Group; Mr. Marty Crotty (5th from left), President of AES Asia SBU; and Mr. Kenji Yuhaku (9th from left), Manager, Portfolio, East Asia & Pacific of International Finance Corporation.