Regional LNG: GN Power Ltd to put up 2 new power plants in Luzon
Monday, November 15 2004 - 06:39 AM WIB
Energy Secretary Vincent S. Perez said over the weekend that the new power facilities to be built by GN Power might be included in the new Philippine Energy Plan (PEP) which will be formally unveiled by the Department of Energy (DOE) this week.
Based on the Luzon Power Development Plan of the DOE, GN Power will be putting up a total of 1,200 MW (600 MW in 2008) and (600 MW in 2009).
GN Power?s proposed projects are among the indicative power generation projects of the DOE for the period 2007 to 2013.
Based on the data from the Department of Trade and Industry (DTI), GN Power has remained one of the top foreign investors in the Philippines pouring in a total of P96.53 billion in investments for the period January to July 2004.
Aside from these planned projects, GN Power is also a government partner in the development of the country?s liquefied natural gas (LNG) industry.
In particular, GN Power together with BP Asia Pacific Pte. Ltd. had signed a memorandum of understanding with PNOC-Exploration Corp. (EC) for the development of another critical leg of the country?s onshore Natural Gas Transmission Pipeline Project including an LNG terminal in Bataan.
The proposed LNG Import Terminal is located about 15 kilometers from the Napocor-owned Limay power plant. The pipeline from the terminal could be easily extended to serve customers in the Pampanga area, particularly the Subic-Clark development corridor, and Cavite.
GN Power is expected to develop, finance, design, construct, own and operate the LNG Import Terminal as part of an integrated energy complex in Mariveles, Bataan.
Under the MOU, GN Power and BP will secure the necessary contractual arrangements for the supply of LNG to the Philippines from the Tangguh gas field in Indonesia and sell the gas from the LNG Import Terminal to third-party consumers in Luzon.
Indonesia was chosen as the LNG source for the Philippines as it won the international competitive fuel supply tender conducted by GNPower.
Apart from the GN Power?s proposed projects, the other indicative projects for Luzon that would help avert possible power shortage in the island include: Sucat conversion (450-850 MW) in Paranaque Metro Manila by 2007; Limay Conversion in Bataan (250 MW in 2007 and 250 MW in 2008); Malaya Conversion in Metro Manila (600 MW by 2010); Tarlac Bioenergy project of Bronzeoak in San Miguel, Tarlac (40 MW by 2008); Pagbilao Coal III of Mirant in Quezon (350 MW by 2008). Sucat, Limay and Malaya are diesel-fired power plants that would be converted into power facilities to be run by natural gas.(*)