posted July 10, 2016 at 11:15 pm by Alena Mae S. Flores
AES Philippines and joint venture
partner Electricity Generating Public Co. Ltd. of Thailand are looking at
opportunities in the natural gas and renewable energy industries over the
medium term, an official said over the weekend.
“We are looking at a lot of
projects... for baseload, energy storage and now moving into RE and in medium
term, gas supply, gas power projects as well. We want to understand what the
need of the market and be able to supply that,” AES Philippines market business
leader Neeraj Bhat told reporters.
Neeraj said while there was a strong
need for baseload projects or those power plants that could run 24 hours a day,
the trend would likely change over time.
“For gas... it’s very early stage...
We’re just looking to be ahead of the game,” the official said, adding AES had
global experience in wind and solar projects in the renewable energy sector.
“We’re looking at all, but quickest
to market is solar but need to wait and see how the regulatory program shapes
up for the next round of renewables,” Neeraj said.
Neeraj,meanwhile, said the company
was on scheduled to complete the country’s first 10-megawatt battery
based-energy storage facility in Masinloc, Zambales province this month.
He said the company also planned to
start a 40-MW battery energy storage facility in the Visayas soon. Neeraj said
both the Masinloc and Negros Occidental battery energy storage facilities were
designed to serve the ancillary reserve requirement of National Grid Corp. of
the Philippines.
“We’re also talking to some other
customers for peaking power, renewables, stabilization, smaller off grid
opportunities as well,” he said.
AES and Egco have started the
construction of a 300-megawatt, coal-fired power plant, an expansion of the
existing 630-MW facility in Zambales. The expansion is expected to be completed
by 2019. Reenaj said an additional 300-MW expansion project would depend on
market demand.
“Expansion is driven by our
contracting situation. If we find sufficient demand for more, will be happy to
move forward,” he said.
He said AES supported strict
operational and environmental norms and that the expansion project, once
completed, would be the first super-critical coal-fired power plant in the
county.
AES is a Fortune 200 global power
company with presence in 20 countries. It recorded revenues of $16 billion in
2013.
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