Manila Bulletin
By Myrna M. Velasco
Published: May 27, 2013
Leading oil firm Petron Corporation is targeting to beef up its revenue stream from electricity sales that may come from the excess capacity of its power plant that can be re-channeled to the grid.
“Excess power generated from this facility (power plant) can be sent to the grid, thus, adding a new revenue stream for the company, “ Petron senior vice president and chief finance officer Emmanuel E. Erana has noted.
He did not qualify though what would be the company’s strategy in selling their surplus capacity – if they are eyeing bilateral contracts or trade via the Wholesale Electricity Spot Market.
The Petron power plant will have capacity of 140MW – and it was primarily constructed to serve the requirements of its Limay refinery in Bataan.
The refining facility is currently undergoing upgrade, and upon the project’s completion, it will need additional electricity for its operations.
“Once fully operational, the power plant will have a total of four generators capable of producing 140MW of power and 800 metric tons per hour of steam,” Erana said.
At this point though, the company cannot ascertain yet what would be the volume that it can sell to the grid.
Based on the original design of the oil firm’s power project, the higher-end target capacity will be 216MW.
It has been noted that the first phase of the power project will be on stream this year; while the next phase is targeted for commercial commissioning next year. source
No comments:
Post a Comment