By Danessa Rivera (The
Philippine Star) | Updated April 27, 2016 - 12:00am
MANILA, Philippines – Meralco
PowerGen Corp. (MGen) is looking for partners to build new power plants such as
coal, gas, wind and hydropower to meet its 3,000-megawatt (MW) target
portfolio.
MGen is targeting to build 3,000 MW
of attributable capacity through a mix of brownfield and greenfield
developments and acquisitions, Manila Electric Co. (Meralco) president Oscar
Reyes said.
“We have expanded our pipeline of
partnership and collaboration opportunities to ensure that our aspiration of
3,000 MW of new power plant-builds of mixed fuel types comes into fruition,” he
said.
MGen is the power generating unit of
power distribution giant Meralco.
To get closer to its 3,000 MW
target, Reyes said MGen is in discussions with other parties for new coal, gas,
wind, hydropower plants.
The company official said it is not
closing its doors on developing new coal plants but the management is
“sensitive” to calls of the public and government to stop building coal plants.
“There are some replacements (done in existing
power plants). There will also be additional (new coal plants), depending on
how our discussions are going. But we have to see since we want to also have
visibility on gas side,” Reyes said.
He said the company is looking at
1,000 MW for gas, 100 MW for hydropower and 50-100 MW for wind.
“In terms of gas, you want to look
at around 1,000 MW, which can be phased,” Reyes said.
“For hydro, we’re looking at
relatively significant pumped hydro. Aside from that, we’re working on a
run-of-river as well,” he said.
Currently, MGen is working with
several partners to build the 455-MW San Buenaventura Power Ltd. (SBPL) project
in Quezon; the 300-MW initial phase of Redondo Peninsula Energy (RP Energy)
project in Subic, Zambales; and the 2x600-MW Atimonan One Energy project in
Quezon.
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