SUBIC FREEPORT—Redondo Peninsula Energy Inc. said Friday it has no plans to scale down its planned 600-megawatt coal-fired power plant at the Subic Bay Freeport despite opposition from several sectors.
Aaron Domingo, RP Energy president, told reporters following after a public hearing at the Subic Bay Exhibition and Convention Center that it would not be economical for the company to pursue a smaller 300-MW coal plant despite obtaining an environmental clearance certificate. RP Energy is controlled by Meralco PowerGen Corp., a unit of Manila Electric Co., with Aboitiz Power Corp. as the other major owner.
The proposed Subic project will use two single high-efficiency 300-MW units utilizing the latest clean coal technology. The entire project is estimated to cost $1.28 billion.
“When building coal plants, the larger the cheaper per mWh… We’re confident of getting an ECC,” Domingo said.
RP Energy obtained an ECC to put up a 300-MW plant and started consultations with the Subic Bay Metropolitan Authority and other concerned sectors for the issuance of a separate ECC for the second 300-MW station.
“We would like to think that reason will prevail, if we show, and we will show, that it is cheaper that we will build a 600-MW [plant],” he said.
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