Manila BulletinArticle by: Myrna M. VelascoPublished: March 4, 2013
An integrated development of power projects and liquefied natural gas (LNG) re-gasification facility will push up the planned investments of Lopez-owned First Gen Corporation to $2.6 billion from $1.3 billion, according to company president Francis Giles B. Puno.
Their initial investment blueprint called for $1.3 billion capital outlay for three-phased gas-fired power facilities, but that is being modified as the company realizes the need for complete chain of gas infrastructure for the energy sector, including a beefed up hydro portfolio.
Alongside the proposed gas facilities, the company will be spending $300 million in the next three to five years to ramp up its hydro capacity at several sites wherein it was given service contracts by the Department of Energy.
Puno stressed that the regas facility alone may command upfront capital outlay of $1.0 billion. He qualified that “we’re open to partners for the regas facility as well as on power generation side because they are big investments.”
He specified that “we’re looking at the feasibility of bringing LNG to Sta Rita…we have space in the Sta. Rita site adjacent to where the power plant is located, we have an advantage of utilizing the existing jetty.”
For the phased power facilities, Puno noted that the initial development will be for 100-megawatt aero derivative-underpinned facility which is seen requiring an investment of $100 million. It will be a two-unit plant with 50MW capacity each.
The First Gen executive indicated that they are eyeing the plant to be on-line before summer next year because it is designed to cater to the peaking needs of the Luzon grid.
“We are building this year, by the second half. We are considering what they call aero derivative units which are smaller gas turbines, 50MW per unit,” he stressed.
The second phase will be for 400MW capacity and targeted for commercial commissioning in 2016; while the third one will be 800 megawatts with two units at 400-MW each and to be on stream by 2018. When all these facilities are completed, the Lopez company will already have 2,800MW of gas-fired capacity, all sited in Batangas.
“It’s coming in three phases … because we can see that there is potential requirement for more supply sooner than later, that 100MW, we’re hoping to complete by next year,” Puno said.
The subsequent project developments, he qualified though, will largely depend on the availability of additional gas supply – either from the Malampaya field or through importation via their planned LNG facility which may be designed as floating storage regasification unit or FSRU source
Their initial investment blueprint called for $1.3 billion capital outlay for three-phased gas-fired power facilities, but that is being modified as the company realizes the need for complete chain of gas infrastructure for the energy sector, including a beefed up hydro portfolio.
Alongside the proposed gas facilities, the company will be spending $300 million in the next three to five years to ramp up its hydro capacity at several sites wherein it was given service contracts by the Department of Energy.
Puno stressed that the regas facility alone may command upfront capital outlay of $1.0 billion. He qualified that “we’re open to partners for the regas facility as well as on power generation side because they are big investments.”
He specified that “we’re looking at the feasibility of bringing LNG to Sta Rita…we have space in the Sta. Rita site adjacent to where the power plant is located, we have an advantage of utilizing the existing jetty.”
For the phased power facilities, Puno noted that the initial development will be for 100-megawatt aero derivative-underpinned facility which is seen requiring an investment of $100 million. It will be a two-unit plant with 50MW capacity each.
The First Gen executive indicated that they are eyeing the plant to be on-line before summer next year because it is designed to cater to the peaking needs of the Luzon grid.
“We are building this year, by the second half. We are considering what they call aero derivative units which are smaller gas turbines, 50MW per unit,” he stressed.
The second phase will be for 400MW capacity and targeted for commercial commissioning in 2016; while the third one will be 800 megawatts with two units at 400-MW each and to be on stream by 2018. When all these facilities are completed, the Lopez company will already have 2,800MW of gas-fired capacity, all sited in Batangas.
“It’s coming in three phases … because we can see that there is potential requirement for more supply sooner than later, that 100MW, we’re hoping to complete by next year,” Puno said.
The subsequent project developments, he qualified though, will largely depend on the availability of additional gas supply – either from the Malampaya field or through importation via their planned LNG facility which may be designed as floating storage regasification unit or FSRU source
No comments:
Post a Comment