The arrival of the LNG tanker Simaisma at FGen’s terminal in Batangas marked another milestone—the first delivery of an LNG cargo from Qatar, supplied by QatarEnergy LNG.
This development was posted online last Tuesday.
“On the gas side, we will be receiving our seventh LNG cargo since the start of our terminal’s operations in the second half of 2023. We expect LING supply deliveries in April and May to address the increased electricity demand during the hot summer months,” First Gen President Francis Giles B. Puno said last month.
The LNG purchased by First Gen will be utilized by its four gas-fired power plants at its Clean Energy Complex in Batangas, with a combined installed capacity of 2,017 megawatts (MW).
“Our gas-fired plants should benefit from the newly-enacted Natural Gas Law, but we are reviewing our options for the 1,000 MW Santa Rita power purchase agreement which expires in August,” added Puno.
First Gen is a leading independent power producer in the Philippines that primarily utilizes clean and indigenous fuels such as natural gas, geothermal energy from steam, hydroelectric, wind, and solar power. It has 3,668MW of installed capacity in its portfolio, which approximately accounts for 18% of the country’s gross generation.
First Gen has set a target to grow to 13,000MW by 2030. First Gen is a subsidiary of First Philippine Holdings Corp..
