July 22, 2014 6:26 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Quezon Power (Philippines), Limited Co.

Company Overview

Quezon Power (Philippines), Limited Co. owns and operates a coal-fired electric generating facility and the transmission line in Quezon. It sells electricity to a non-government utility, as well as serves residential and commercial customers. The company was founded in 2000 and is based in Makati City, the Philippines. As of June 11, 2012, Quezon Power (Philippines), Limited Co. operates as a subsidiary of Electricity Generating Public Company Limited.

14/F Zuellig Building

Makati Avenue corner Paseo de Roxas

Makati City,  1225

Philippines

Founded in 2000

Phone:

63 2 687 2180

Fax:

63 2 662 1051

Key Executives for Quezon Power (Philippines), Limited Co.

Managing Director
Assistant Managing Director
Compensation as of Fiscal Year 2014.

Quezon Power (Philippines), Limited Co. Key Developments

Quezon Reports Earnings Results for the Year 2013

Quezon reported earnings results for the year 2013. For the year, the company reported total revenues of THB 10,230 million compared to THB 8,976 million a year ago. Profit before FX was THB 1,939 million compared to THB 1,794 million a year ago.

EGCO Mulls Acquisitions

Electricity Generating Public Company Limited (EGCO) is looking for acquisitions in Philippines. Frank Thiel, Managing Director of Quezon Power (Philippines), Limited Co. (QPL) said, "EGCO's desire is to expand its presence in the Philippines. We can do hydro, coal, even natural gas. We're not being constrained by size and technology. We're also on the hunt for potential acquisitions with those companies who desire to perhaps exit or sell even a small portion. It's a matter of evaluating opportunities. Were wide open right now." Frank Thiel added that EGCO is not looking at those targets which are on the privatization block. For now, EGCO has not spotted any potential acquisitions. Frank Thiel also said, "On power plant acquisitions, I think it would be tough to find because usually when a market's doing well, it's difficult to find someone willing to sell. So we're looking for someone wanting to divest, maybe not the entire thing. We'll be interested in that."

EGCO Seeks Partnership With Meralco

Electricity Generating Public Company Limited is keen on partnering with Manila Electric Co. (Meralco) for Quezon Power (Philippines), Limited Co. Frank Thiel, Managing Director of Quezon Power, said, "Meralco has been a great partner of Quezon (Power) and offtaker for the first unit." Frank Thiel added that EGCO wants Meralco as a buyer and partner for the second phase also.

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Recent Private Companies Transactions

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