San Miguel Corp. (SMC) is beefing up its power portfolio with at least 2,550 megawatts (MW) of natural gas-fired power plants and another 5,000 MW hydroelectric projects.
Ramon Ang, SMC president and chief operating officer, said the company plans to build three natgas power plants with a capacity of 850 MW each in Batangas.
“A LNG plant can be built in 24 months. Whether we win in a competitive selection process (with Meralco) or not, we will build the first 850 MW since we can supply its power to electric cooperatives or just replace the electricity supplied by ageing power plants,” Ang said.
Ang said if demand shoots up, SMC is prepared to double the initial 2,550 MW to 5,100 MW natgas-fired power plants.
SMC is also keen on building its own liquefied natural gas terminal.
Ang said SMC will continue to pursue renewable energy projects particularly on solar, wind and hydro power.
“All the roofs of our planned Bulacan airport will be equipped with solar panels and that will be one of the biggest in the Philippines. For hydro, we are ready to build as much as 5,000 MW but they are on various stages so I can’t provide exact details,” Ang said.
SMC Global Power, SMC’s power generation arm, currently has a total capacity of over 3,600 MW: 1,200 MW Ilijan gas; 2×500 MW Sual coal power ; 4×35 MW Limay cogeneration; 345 MW San Roque hydro and the 218 MW Angat hydro. – Jed Macapagal