First GenFirst Gen Corporation aims to add at least 1,492 megawatts to its power generation capacity within the next five years to help meet the country’s growing demand for electricity.
First Gen chairman and chief executive officer Federico R. Lopez (FRL) bared the plan during the company’s annual stockholders’ meeting and board election on May 12, 2014.
FRL said that the company is planning to build 1,342 MW in additional capacity in First Gen’s Clean Energy Complex in Batangas City, while subsidiary Energy Development Corporation (EDC) is adding at least 150 MW in wind energy capacity through the Burgos Wind Project in Burgos, Ilocos Norte.
The Clean Energy Complex now houses the 1,000-MW Santa Rita and 500-MW San Lorenzo natural gas power plants. These plants form part of First Gen’s portfolio of 15 power plants with total installed capacity of 2,763 MW.
One of the new capacities in the Clean Energy Complex will come from the 414-MW (first phase) San Gabriel combined cycle power plant.
“It [the 414-MW power plant] will be the first of three such additional plants that we are planning to build, plus a fast-track 100-MW project called Avion, which will be the first power plant in the country using aeroderivative turbines. In all, our vision is to build an additional 1,342 MW within the First Gen Clean Energy Complex in Batangas City between now and 2019,” FRL said.
As to the Burgos Wind Project, FRL said that “First Gen, through EDC, is already constructing this wind farm, the capacity of which was just recently expanded to 150 MW. We expect the first 87 MW to commence operations by end of this year and the full 150 MW by March 2015.”
First Gen president and chief operating officer Francis Giles Puno, in his message to stockholders, said the 414- MW first phase of the San Gabriel project will use the most efficient turbine technology available.
Puno said the Avion project is expected to help address power demand in the summer of 2015.
The additional capacities do not include First Gen’s planned hydro projects in Mindanao and geothermal sites that EDC is exploring in Chile, Peru and Indonesia.
Puno added that First Gen plans to put up a liquefied natural gas (LNG) regasification terminal that will handle imported LNG. First Gen will need the terminal once its contract for the supply of natural gas from Malampaya expires in the next 10 years.
“This [regasification terminal] will give our country the necessary flexibility to source natural gas from the international markets and put us at par with other countries in Asia, which have already built their own terminals,” Puno said. (Joel Gaborni)