POWERGEN Asia     

22-24 September 2020
ICE, Jakarta, Indonesia

ASUW       Enlit 2020



Chrysogonus Herrera

Chrysogonus Herrera

Senior Vice President – Commercial & Planning, Meralco Powergen Corp. (MPGC), Philippines
Chrys Herrera has over 40 years experience in the Philippine power industry and regards the following as his areas of expertise: (a) utility finance and economics, (b) power origination and marketing, (c) power system operation, (d) development of private sector participation in power generation and distribution, (e) financial planning and analysis, and, (f) risk management.

He worked at the National Power Corporation (NPC) from 1976 to 1992 where his rise from the ranks had been phenomenal. As an engineer, he became the youngest Area Manager of NPC in charge of the operation of lines and substations in Region 2. He held various positions in Operations, Economics and Finance and became NPC’s youngest-ever Vice President. These postings provided well-rounded exposure and multi-discipline experience in a large organization in a responsible capacity to lead and innovate. During his tenure as CFO, a time wrought by financial crisis because of the country’s moratorium on debt payment, he was, nonetheless, able to raise several loans aggregating $ 1.3 Billion. As CFO he also introduced innovative approaches to finance NPC’s expansion program: (a) a successful bond flotation; (b) several Bid-plus-Financing with non-repayable grants; and (c) a maiden off-balance sheet financing by way of Build-Operate-Transfer (BOT) scheme. Parenthetically, the maiden BOT project, the Navotas 200 MW Gas Turbine Plant, is also ASEAN’s first successful power generation BOT. He was also instrumental in the creation of the Fuel Management Group and the Risk Management Department of NPC.
He joined the private sector in 1992 and successfully negotiated and secured a Build-Own-Operate (BOO) contract for a 58 MW diesel plant, the first plant in the Philippines to be capitalized purely on project financing (i.e., without any Government Performance Undertaking). His various stints in the private sector involved the development of generation projects, indigenous coal, and other infrastructure projects, development of private sector participation in the operation and capitalization of distribution utilities, development and execution of brand and marketing strategy in the power supply market.