PROJECTS
Market Analysis and Regulatory Due Diligence on ACWA Bid, Philippines
The problem
The Philippines’ energy market is complex, combining wholesale spot market and long-term power purchase agreement contracts. ACWA Power, a leading international developer, was interested in bidding to acquire AES’ majority holding in the Masinloc power plant, a 600MW coal-fired power station.
How we helped
Castalia performed market analysis and regulatory due diligence on ACWA’s bid. We modelled likely spot and contract prices in the Philippines electricity market under a variety of scenarios and sensitivities. We also identified key risks in both the electricity market and regulatory framework for approval of power supply agreements.
Impact
With the information we provided them ACWA was able to put forward an informed bid. However, they were unsuccessful, outbid by San Miguel, a local established player, who purchased the power plant for US$1.9bn.
How can we help you?
How can we help you?
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
Sinclair House, 3 Glenside Crescent
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (0)1 85 64 10 22
3B Rue Taylor
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-121
Colombia
Thinking for a better world.
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia
Thinking for a better world.