First Gen continues development of 1.2 GW natural gas project

It aims to reach 13 GW of total capacity in the next six years.

Philippines’ First Gen is still working on developing the 1.2 gigawatt (GW) Santa Maria natural gas project in the Batangas province.

In a disclosure, First Gen said the project would use the latest available gas turbine “to maximise efficiency and provide more (megawatts) with less fuel requirements.”

“Ongoing efforts on the Santa Maria project will enable the company to be in a better position to make such power plant available in time to meet the expected growth in grid demand, and further help stabilize the grid by complementing intermittent renewables with more natural gas plants,” it said.

ALSO READ: First Gen acquires 165 MW hydropower plant

It added that it is still developing the 120-megawatt Aya Pumped Storage Hydroelectric Power Project in Pantabangan, Nueva Ecija, which will cost around $106.1m (PHP6b) and take around 36 months to build.

The company said it targets to reach 13 GW of total capacity in the next six years which will need a capital of around $20b.

$1 = PHP56.55

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