The 420-megawatt (MW) Pagbilao Unit 3 power plant was inaugurated last May 31, 2018 with Philippine President Rodrigo Roa Duterte and other dignitaries in attendance. The newly-built power facility is seen to generate reliable and affordable electricity that will boost the energy supply in the Luzon grid. It is located in Pagbilao, Quezon and is adjacent to the existing Pagbilao Power Station Units 1 and 2. In total, the three plants have a generating capacity of 1,155 MW.
The Pagbilao Unit 3 power project was undertaken by the Pagbilao Energy Corporation, a joint venture between the subsidiary companies of TeaM Energy Corporation and Aboitiz Power Corporation. Construction started in December 2014 at a cost of US$976 million.