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MHPS Receives Lump-sum Full Turnkey Order For Coal-fired Power Generation Plant in the Philippines In Collaboration with Daelim Industrial of Korea

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Yokohama, June 2, 2014 - Mitsubishi Hitachi Power Systems, Ltd. (MHPS), working jointly with Daelim Industrial Co., Ltd. of Korea, has received a lump-sum, full turnkey order to build a 420 megawatt coal-fired power generation plant at the Pagbilao coal-fired power generation station in Quezon province in the Philippines. The order, which is for the third such coal-fired unit at the site (Pagbilao Unit 3), was placed by Pagbilao Energy Corp., the company undertaking the said project. The new power plant is slated to go on-stream in November 2017.