Natural gas plants with combined 11,248 MW expected to be completed by 2030
By Alena Mae S. Flores – August 16, 2023, 8:25 pm
from manilastandard.net
The Department of Energy expects the completion of 11,248 megawatts of natural gas power plants by 2030.
Seven liquefied natural gas terminals will support the requirements of these power generating companies, according to the DOE report.
Data showed that three companies with committed combined capacity of 3,500 MW would be completed by 2027.
These include Excellent Energy Resources Inc.’s 1,312.5-MW Batangas combined cycle power plant with completion date of September 2024.
EERI, a subsidiary of San Miguel Energy Holdings Corp., is putting up three units with 437.5-MW capacity each. It is studying another 437.5 MW expansion.
The other companies are Batangas Clean Energy’s 1,100-MW natural gas fired power plant which is expected to be finished by January 2027 and Energy World Corp.’s 650-MW natural gas plant in Quezon.
Other indicative power plants with 7,748 MW are expected to be completed from 2026 to 2030. Indicative power plants have yet to achieve financial close.
These include Vires Energy’s 450-MW natural gas plant in Batangas by May 2026; Quezon Power Philippines Ltd.’s 1,200-MW combined cycle plant in Mauban, Quezon by 2026; and Orion Pacific Prime Energy Inc.’s 1,200-MW combined cycle natural gas plant in Tagkawayan, Quezon by December 2026,
Other indicative projects are Therma Subic Inc.’s 1,310-MW Pagbilao 4 and 5 natural gas plant in Pagbilao, Quezon by November 2028; GN Power Ltd. Co.’s 1,200-MW combined cycle power plant in Mariveles, Bataan by December 2028; First Gen EcoPower Solutions Inc.’s 1,260-MW Santa Maria natural gas plant; and Global Luzon Energy Development Corp.’s 1,128-MW combined cycle power plant by 2030.
Meanwhile, the DOE issued four companies with permits to construct LNG terminal projects.
These include Fgen LNG Corp.’s interim floating storage regasification unit with capacity of 5.26 million tons per annum that will be completed by September 2023; Linseed Field Corp.’s 3 MPTA terminal which was completed in May 2023; Luzon LNG Terminal Inc.’s 4.4 MPTA terminal for completion by December 2025; and Energy World Corp.’s 3 MPTA terminal with target completion of December 2023.
The DOE also issued notice to proceed to three LNG terminals including Samat LNG Corp.’s 0.34 MTPA small scale LNG terminal with target completion with 2024 to 2026; Vires Energy’s 3 MPTA FSRU by April 2026; and Shell Energy Philippines 3 MPTA FSRU by September 2025.
