Valuation of Angat hydro power plant - Confidential

IPA prepared a power market study and project-specific forecasts to support the client’s bid for the 246MW Angat hydro power plant located in Luzon, the Philippines.  The tender was held by the Power Sector Assets and Liabilities Management Corporation (“PSALM”) as part of its privatisation programme.  Worked closely with the client and its financial advisor to prepare market scenarios for both generation business and bilateral contract quantities to ensure that the client and potential lenders are comfortable with the benefits and risks of the investment in the Angat plant.