LOCATION: The Philippines
RELATIONSHIP: JG Summit Holdings holds a 29.56% stake
in Manila Electric Company, which owns 51% of the San Buenaventura Power Station.
IMPACT ON COMMUNITY AND HUMAN RIGHTS
In 2017, the Philippine Movement for Climate Justice (PMCJ) filed a complaint to the Compliance Advisor Ombudsman of the International Finance Corporation (IFC) on behalf of communities who were harmed or were facing future harms related to the IFC’s investment in JG Summit Holdings and other coal developers in the Philippines. In the complaint, local communities reported that coal ash from the Toledo Power Corporation Plant was “being dumped indiscriminately” in Toledo city and surrounding areas and that this had led to adverse health impacts. Communities also allege that they were not adequately consulted or informed about the impacts of the project. An investigation by the IFC ombudsman conducted in response to the complaint concluded that available information supported these allegations.
IMPACT ON ENVIRONMENT AND BIODIVERSITY
Local communities allege that coal ash has polluted the seawater surrounding the plant and that the company has not put any prevention and mitigation measures in place.
IMPACT ON CLIMATE
Experts warn that any new or expanded coal-fired power plants will worsen climate disasters. Environmental and social impact assessments have concluded concluded that the Sangi plant releases an estimated 0.63 million metric tons of carbon dioxide per year.
RESOURCES
Information on this project was submitted by Philippine Movement for Climate Justice and last updated on February 13th, 2025.
LOCATION: The Philippines
RELATIONSHIP: JG Summit Holdings holds a 29.46% stake in Manila Electric Company, owner of Global Business Power (GBP). A GBP subsidiary, Panay Energy Development Corporation (PEDC), owns here
the Panay Power Station.
IMPACT ON COMMUNITY AND HUMAN RIGHTS
In 2017, the Philippine Movement for Climate Justice (PMCJ) filed a complaint to the Compliance Advisor Ombudsman of the International Finance Corporation (IFC) on behalf of communities who were harmed or were facing future harms related to the IFC’s investment in JG Summit Holdings and other coal developers in the Philippines. In the complaint, residents reported experiencing lung problems and skin diseases related to coal pollution from the Panay Power Station. An investigationconducted by the ombudsman in response to the complaint concluded that health impacts were likely associated with the plant and noted that available information also supports community allegations that they had not been adequately consulted or informed about the power station and its impacts.
IMPACT ON CLIMATE
Experts warn that any new or expanded coal-fired power plants will worsen climate disasters.
RESOURCES
Information on this project was submitted by Philippine Movement for Climate Justice and last updated on February 13th, 2025.
LOCATION: The Philippines
RELATIONSHIP: JG Summit Holdings holds a 29.46% stake in Manila Electric Company, owner of Global Business Power (GBP). GBP in turn owns Toledo Power Company, the plant operator.
IMPACT ON COMMUNITY AND HUMAN RIGHTS
In 2017, the Philippine Movement for Climate Justice (PMCJ) filed a complaint to the Compliance Advisor Ombudsman of the International Finance Corporation (IFC) on behalf of communities who were harmed or were facing future harms related to the IFC’s investment in JG Summit Holdings and other coal developers in the Philippines. In the complaint, local communities reported that coal ash from the Toledo Power Corporation Plant was “being dumped indiscriminately” in Toledo city and surrounding areas and that this had led to adverse health impacts. Communities also allege that they were not adequately consulted or informed about the impacts of the project. An investigation by the IFC ombudsman conducted in response to the complaint concluded that available information supported these allegations.
IMPACT ON ENVIRONMENT AND BIODIVERSITY
Local communities allege that coal ash has polluted the seawater surrounding the plant and that the company has not put any prevention and mitigation measures in place.
IMPACT ON CLIMATE
Experts warn that any new or expanded coal-fired power plants will worsen climate disasters. Environmental and social impact assessments have concluded concluded that the Sangi plant releases an estimated 0.63 million metric tons of carbon dioxide per year.
RESOURCES
Information on this project was submitted by Philippine Movement for Climate Justice and last updated on February 13th, 2025.