P60-billion Batangas power plant set to start construction in August

By Alena Mae S. Flores – January 8, 2023, 7:30 pm
from manilastandard.net

Batangas Clean Energy Inc. plans to start the construction of the P60-billion 1,100-megawatt combined-cycle gas turbine power plant in Batangas province in August this year.

BCE, a joint venture of Ayala Group’s ENEX Energy Corp. and US-based Blackstone Inc. portfolio company-Gen X Energy LLC, said in documents submitted to the Department of Environment and Natural Resources the project would rank among one of the largest industrial investments in the area.

ENEX, formerly ACE Enexor Inc., is a subsidiary of ACEN Corp. It acquired a 50-percent stake in BCE in 2021.

The project will source natural gas from a nearby liquified natural gas import facility and is scheduled to enter construction in 2023. It is expected to start commercial operations in the second half of 2026 and operate for 50 years or longer.

The project will rise on 24 hectares of onshore land and 15 hectares of foreshore area in Barangay Libjo and Barangay Malitam, Batangas City.