The Sual Power Plant is a coal-fired power plant located in Sual, Pangasinan on the Lingayen gulf with a net contracted capacity of 2x500 MW. This power plant is owned by Team Energy, which is a joint venture between Marubeni Corporation and Tokyo Electric Power Corporation.
The Sual Power Plant is the largest coal-fired power plant in the Philippines [in terms of installed capacity]. It was built pursant to an ECA with NPC under-year Build-Operate-Transfer (BOT) scheme that expires on October 24, 2024. On August 28, 2009, San Miguel Energy Corporation (SMEC) successfully bid for the appointment to be the IPPA for the Sual Power Plant and received a notice of award on September 1, 2009. SMEC assumed administration of the Sual Power Plant on November 6, 2009 in accordance with an IPPA agreement entered into with PSALM