By Iris C. Gonzales (The Philippine Star) | Updated July 13, 2015 - 12:00am
MANILA, Philippines - San Miguel Corp. has room to double its power generation capacity in the country, its top official said.
“Pwede pang mag-doble. (There’s room to double the capacity),” said San Miguel Corp. president Ramon Ang.
At present, San Miguel has an installed capacity of 2,545 megawatts, making it one of the biggest generation companies in the country.
As of end-2012, the company had a 17 percent market share of the power supply of the national grid, and 23 percent share of the Luzon grid.
Ang said the capacity limits set by the Energy Regulatory Commission (ERC) for generation companies would not be a problem because by the time San Miguel doubles its portfolio, consumption and demand would have also increased.
Just this year, the ERC approved new capacity limits for generation companies so that no one company or operator owns or controls more than 30 percent of installed generation capacity of a grid, or 25 percent in the case of the national installed generating capacity.
While he did not give a definite timetable on when the company may be able to double its generation capacity, Ang said the company is already on the look out for feasible areas for new coal-fired power plants.
In the area of power, Ang said San Miguel may put up another coal fired power plant in Visayas, possibly in Leyte.
“In the Visayas, we are looking at Leyte,” he said.
The company is on track to building 900 megawatts of coal-fired capacity in Limay, Bataan and Malita, Davao by 2016 and 2017.
The Limay plant will have a capacity of 600 MW, while the Malita plant will have a capacity of 300 MW. source
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