One of the benefits of a competitive bulk power market is that price discovery is facilitated by observing the sale transactions.
Aboitiz purchases 34% stake in the 200 MW STEAG coal-fire plant in Mindanao. Price: $91.9 million.
That comes out to $1,352/kW. You can compare that to the Masinloc award at $1,550.
Note: These numbers have been updated here.