, Philippines
950 views
Photo by Jakub Pabis from Pexels.

Philippines’ Meralco, Aboitiz, San Miguel launch $3.3b LNG facility

The partnership will contribute over 2,500 MW of generation capacity once fully operational.

Manila Electric Co’s Meralco Power Gen (MGen), Aboitiz Power, and San Miguel Global Power Holding partnered for the first integrated liquified natural gas (LNG) facility in the Philippines with $3.3b.

In a disclosure, Meralco said, MGen and Aboitiz Power will invest in two of San Miguel’s gas-fired power plants which are the 1,278-megawatt (MW) Ilijan power plant and a new 1,320 MW combined cycle power facility which will start operations by end-2024.

ALSO READ: Philippines to launch auction for 4,399 MW RE projects

The three companies will invest in almost all and acquire the LNG import and regasification terminal by Linseed Field Corporation which will be used to receive, store and process the LNG for the two power plants.

In line with this, MGen and Aboitiz Power’s Thermap NatGas Power, Inc. will enter a joint venture to acquire Chromite Gas Holdings (CGHI) in which they will hold a 60% and 40% interest, respectively.

They will invest in San Miguel’s gas-fired power plants and Linseed Field through CGHI.

Follow the link s for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Trump 2.0 could thump India's solar ambition
Its solar companies may need to set up manufacturing plants in the US to bypass tariffs. 
Indonesia told to tap communities in clean energy transition
Solar and wind power managed by villages could generate 96 million jobs over 25 years.