By
Lenie Lectura - June 26, 2017
SEMIRARA Mining and
Power Corp., the coal-mining arm of Consunji-led DMCI, and Meralco
Powergen Corp., the power-generation arm of the Manila Electric Co. (Meralco),
will likely start construction of a 750-megawatt (MW) coal-power project in
Batangas next year.
“Target notice to
proceed is during the first half of 2018. Target financial close will be during
the first half of 2018,” data from the Department of Energy (DOE) stated.
They expect to sign the
engineering, procurement and construction (EPC) contract in the second half of
next year. Construction will immediately commence once an EPC is signed.
The companies earlier
signed a joint-venture agreement (JVA) for the purpose of owning, constructing
and operating a 2x350MW coal-fired power plant to be located in Calaca,
Batangas.
The project proponent
will be called Saint Raphael Power Generation Corp.
The coal-power project
is listed under the DOE’s indicative power projects. However, in order for the
project to proceed, grid operator National Grid Corp. of the Philippines (NGCP)
must complete its Calaca-Dasmariñas transmission-line expansion project so that
power from the planned coal plant can be distributed to end-users.
An environmental
compliance certificate ECC-CO-1530-0012 dated September 17, 2015, was issued by
the Department of Environment and Natural Resources (DENR) for the project.
Meralco is already
sourcing part of its power requirements with Semirara’s wholly owned
subsidiary, Southwest Luzon Power Generation Corp. (SLPGC).
They also signed a
power-supply agreement (PSA) in which Meralco will source a total of 120 MW of
power from SLPGC. The PSA took effect on March 26, 2016, and will end on
December 25, 2018.
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