December 2023 – At the COP28, ACEN announced the launch of its Just Energy Transition (JET) Roadmap for the 246 MW South Luzon Thermal Energy Corporation (SLTEC) coal-fired power.
The initiative builds on the momentum generated by ACEN’s Energy Transition Mechanism (ETM), the world’s first and only market-based transaction to successfully program the early retirement of a coal-fired power plant.
The Roadmap is being developed in partnership with the Coal Asset Transition Accelerator (CATA) which is a partnership between, Climate Smart Ventures, Carbon Trust, and Rocky Mountain Institute, supported by the European Climate Foundation, Growald Climate Fund, and IKEA Foundation.
JET Roadmap
Energy lost from early retirement of coal fired power plant should be replaced by clean, reliable and affordable energy
Coal
- 246 MW coal fired power plant
- 1800 GWH net output
- Base load profile
- Historic capex ~USD 500 million
- LCOE~USD 0.11/kwh
Renewables
- 1000 MW solar and wind power plan
- 4-6 hours battery storage
- ~1800 GWH net output
- Mid-merit profile
- Estimated capex ~USD 1.5 billion
- LCOE ~USD 0.16/kwh
Stakeholder impact and transition
is integral to asset repurposing decision
Stakeholder
impact assestment
STAKEHOLDERS
Community
Workers
Investors
Customers
Government
Suppliers
Others
ASSET REPURPOSING
OPTIONS:
Energy
Green industrial
Non-energy
Stakeholder-level
Just Transition Programs
Just transition for CFPP workers will be
individualized and entail different pathways.
Key Principles
- Transparent and open dialogues
- Individualized
- Adequate planning and support
Our partners
The Coal Asset Transition Accelerator (CATA) is a first-of-its-kind plalorm that is focused on empowering coal asset owners, alongside governments, financiers and key local stakeholders, to put in place the financial mechanisms that will support acceleration of the transition away from coal in a just and inclusive way.
The Pooled fund on International Energy (PIE) hosted at the European Climate Foundation (ECF), the Carbon Trust, Climate Smart Ventures (CSV) and RMI partnered to initiate CATA, which was launched at COP26 in Glasgow in 2021.
