Raslag starts testing San Pablo solar plant
By Ed Paolo Salting – October 4, 2024
from The Manila Times
RENEWABLE energy firm Raslag Corp. (stock code ASLAG) on Wednesday commenced the testing and commissioning phase of its fourth solar plant in San Pablo, Magalang, Pampanga.
“This is ASLAG’s fourth and largest operating power plant to date,” it said in a disclosure on Thursday, noting that completion of the fourth plant will bring its total installed capacity to 77.844 megawatts (MW) just two years after its public listing.
With a capacity of 36.646 MW peak or 26.4 MW alternating current, the plant consists of more than 54,900 solar modules across a 25-hectare site.
“A full-year operation of the plant can power 22,000 households per year, assuming a monthly consumption of 200 kWh per household,” Raslag said.
Chief Executive Officer and President Robert Nepomuceno said that “we are thrilled to have already completed four organic projects to help meet our nation’s growing energy demand, as the Raslag-4 project marks another step toward putting power back into the hands of Filipinos.”
Raslag said that it had received provisional approval to connect for the energization of the Raslag-4 plant from the National Grid Corp. of the Philippines, effectively authorizing the connection of its user system to the grid for feedback power purposes.
“Another provisional approval to connect is expected to be received anytime soon, as [a] generator customer,” it added.
Raslag-4 is expected to generate a total of 11.7 gigawatt-hours (GWh) in 2024, 52.9 GWh in 2025 and 52.6 GWh in 2026. Projected kilowatt-hour (kWh) sales are seen at 11.72 million this quarter, 52.85 million in 2025 and 52.6 million in 2026.
Revenue contribution is seen at around P57.5 million this quarter, P284.8 million next year and about P282 million in 2026 based on projected average Wholesale Electricity Market prices of P4.90 per kWh this quarter, P5.39 next year and P5.36 by 2026.
Raslag hopes to increase its renewable energy portfolio to at least 1,000 MW by 2035, with three more projects under way. Its next solar plant is expected to be built in Sta. Rosa, Nueva Ecija, by 2026.
