2 SMC coal plants to run in ’16

by Alena Mae S. Flores – December 20, 2015 at 11:35 pm

from Manila Standard

SMC Global Power Holdings Corp., a unit of conglomerate San Miguel Corp., is set to start commercial operations of two coal-fired power plants with a combined output 450 megawatts starting in the middle of next year, a source said over the weekend.

The source said the 300 MW-Malita coal-fired plant in Davao and the 150 MW-Limay coal station in Bataan were scheduled for commercial operations by June next year.

“Only Malita’s 300 MW and [and the first] 150-MW [unit of Limay will] start commercial operations by June 2016. The other 150 MW of Limay will start by the end 2016,” the source said.

SMC Global Power, the country’s biggest power producer, has embarked on several projects to further expand its energy portfolio.

The company is also set to construct a 300-MW coal-fired power plant in Panay costing $600 million that is seen to reduce power costs in the Visayas.

SMC Global Power chairman Ramon Ang earlier said Panay was suffering from high power rates of around P6 to P8 per kilowatt-hour.

“We want to put up a power plant in Panay because we want to supply electricity in Iloilo because power prices are high there,” Ang said.

SMC Global Power can put up the 300-MW clean coal facility in two-and-half to three years at a cost of $2 million per megawatt.

“Can you imagine if we can sell power at P3.20 or P3.30 per kWh/?” Ang said. He said power from Panay could be exported to Cebu and vice versa, making power available to Visayas consumers.

Data from the Energy Department earlier showed Visayas would register a 7-percent peak demand growth rate in 2014 and 2015 and 8 percent from 2016 to 2020.

SMC Global earlier received approval to conduct a grid impact study on its coal projects, including 600 MW in Malabuyoc, Cebu; 600 MW in Batangas City and 600 MW in Mariveles, Bataan.

Strategic Power Development Corp., a wholly-owned subsidiary of SMC Global Power, is also pursuing at least three pumped storage hydro projects.

Strategic Power trades the capacity of the 345-MW San Roque Multipurpose hydroelectric power plant in Batangas.

Strategic Power won the bidding for the independent power producer administrator of San Roque in 2009 with an offer of $450 million.

San Miguel also trades the capacities of the Sual coal plant in Pangasinan and the Ilijan natural gas power facility in Batangas.

San Miguel has joined power distribution by taking over the operations of the Albay Electric Cooperative.

The company and Korea Water Resources Corp. manage the 218-MW Angat hydro power plant in Bulacan.

Advertisements