by Alena Mae S. Flores – July 10, 2016 at 11:15 pm
from Manila Standard Today
AES Philippines and joint venture partner Electricity Generating Public Co. Ltd. of Thailand are looking at opportunities in the natural gas and renewable energy industries over the medium term, an official said over the weekend.
“We are looking at a lot of projects… for baseload, energy storage and now moving into RE and in medium term, gas supply, gas power projects as well. We want to understand what the need of the market and be able to supply that,” AES Philippines market business leader Neeraj Bhat told reporters.
Neeraj said while there was a strong need for baseload projects or those power plants that could run 24 hours a day, the trend would likely change over time.
“For gas… it’s very early stage… We’re just looking to be ahead of the game,” the official said, adding AES had global experience in wind and solar projects in the renewable energy sector.
“We’re looking at all, but quickest to market is solar but need to wait and see how the regulatory program shapes up for the next round of renewables,” Neeraj said.
Neeraj,meanwhile, said the company was on scheduled to complete the country’s first 10-megawatt battery based-energy storage facility in Masinloc, Zambales province this month.
He said the company also planned to start a 40-MW battery energy storage facility in the Visayas soon. Neeraj said both the Masinloc and Negros Occidental battery energy storage facilities were designed to serve the ancillary reserve requirement of National Grid Corp. of the Philippines.
“We’re also talking to some other customers for peaking power, renewables, stabilization, smaller off grid opportunities as well,” he said.
AES and Egco have started the construction of a 300-megawatt, coal-fired power plant, an expansion of the existing 630-MW facility in Zambales. The expansion is expected to be completed by 2019. Reenaj said an additional 300-MW expansion project would depend on market demand.
“Expansion is driven by our contracting situation. If we find sufficient demand for more, will be happy to move forward,” he said.
He said AES supported strict operational and environmental norms and that the expansion project, once completed, would be the first super-critical coal-fired power plant in the county.
AES is a Fortune 200 global power company with presence in 20 countries. It recorded revenues of $16 billion in 2013.