POWER assets will drive privatization program revenues next year, a Finance department official said, with proceeds also expected to markedly increase.
Finance Undersecretary Michael Peter Alejandro said the money from the sale of the Caliraya-Botocan-Kalayaan (CBK) complex was expected to come in next year while privatization of the Agus-Pulangi hydropower facilities was also likely to push through in 2027.
“We’re really getting things rolling for that,” Alejandro told reporters on Tuesday.
This year’s target — slashed to P38.1 billion from P101 billion — is expected to be met “and then next year we’ll have those power plants,” he added.
The 733.95-megawatt (MW) CBK complex was auctioned off last year with the winning bidder, the Aboitiz-led Thunder Consortium, offering P36.3 billion for the facility.
Agus-Pulangi, meanwhile, is expected to raise up to P90 billion for the government based on reports last year.
Proceeds from the CBK sale were originally set to be booked this year but have been pushed to 2027, Alejandro said.
“We still have those other assets,” he added, referring to Mile Long, Food Terminal Inc. and the government’s remaining stake in South Luzon Expressway (SLEX) Corp., which could be sold by the fourth quarter of the year.
The Mile Long property has been valued at around P10 billion, while the FTI property and SLEX Corp. could fetch about P20 billion each.
The government has already generated P1.9 billion in privatization revenues during the first six months of 2026, which Alejandro said was already higher than the full-year proceeds for 2025.
Next year’s target of P101.5 billion is also within reach, he claimed, with around P800 million from unsolicited offers for government-owned properties also expected.