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THURSDAY, 02 AUGUST 2012 19:47 PAUL ANTHONY A. ISLA / REPORTER
THE Meralco PowerGen Corp. (MPG), the power generation arm of Manila Electric Co. (Meralco), has decided to build a 150-megawatt (MW) aero derivative combined cycle power plant if demand for additional capacity arises.
Aaron Domingo, executive vice president and general manager, said on Thursday the project should be ready as soon as Meralco determines the need for additional capacity.
Domingo said they have already secured a site in Calamba, Laguna and have started preparations for the issuance of environmental compliance certificate (ECC).
The company has also finished the interconnection-distribution impact study while the transmission line route survey has been completed.
When asked about the planned construction of the 600-MW coal-fired power plant in Subic, Domingo said they have advanced the development significantly, and that site preparation is almost complete. Domingo said the site is ready to take on engineering, procurement and construction works.
“We have finished the technical discussions and we are now proceeding with the commercial discussions which we expect to conclude by end of August,” he said.
Domingo said they have also made significant headway on the discussion with the National Grid Corp. of the Philippines on the transmission, and that they have identified a transmission connection scheme that minimizes the right-of-way acquisition for the project.
Domingo added that they have also advanced discussions with the Subic Bay Metropolitan Authority. “We’ve held high level discussions and came to an agreement which is now just being documented and is still ongoing in terms of details,” he said.
He added that the ECC for the Subic facility is underway, and that the company has completed requirements for public hearing.
Domingo said there are certain requirements of the Department of Environment and Natural Resources in terms of additional technical reports. Domingo said the reports are expected to be completed by the end of August, which will start the 40-day timeframe for the ECC process. He added that they expect to receive the ECC in the fourth quarter of the year.
Domingo said there are certain requirements of the Department of Environment and Natural Resources in terms of additional technical reports. Domingo said the reports are expected to be completed by the end of August, which will start the 40-day timeframe for the ECC process. He added that they expect to receive the ECC in the fourth quarter of the year.
“With regard to financing, we are continuing discussions with three lenders and they will start due diligence this August. We have also short-listed coal suppliers. We have visited their locations and are finalizing the terms of the coal supply probably in the next couple of weeks,” Domingo said. source
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