PANASIA Energy Inc. (PEI), a subsidiary of Millennium Energy Inc., has proposed to put up a 1,700 megawatt (MW) combined cycle gas plant in Batangas worth P63 billion.
“Upon expected commercial operations in 2024, the proposed project’s capacity of 1,700 MW and its annual associated energy of 6,307,200 MW hours shall be made available and provided to the Luzon grid,” the company stated in a filing submitted to the Environmental Management Bureau of the Department of Environment and Natural Resources.
PEI said the project is the answer to the country’s growing demand for power, which is seen to outpace supply in the coming years.
“The proposed project will help augment the demand for reliable and affordable baseload power supply. The proposed project will not only supply enough electricity to Filipino households and businesses but will also contribute to national development,” it said.
Based on the Philippines demand-supply power outlook 2016 to 2040, the power supply from existing power plants is not enough to meet the continually increasing demand in Luzon grid at an average annual growth rate of 4 percent to 5 percent.
“With this projection, an additional capacity is needed on top of the already committed power projects. In order to address the gap, PEI has proposed to install its project at Barangays de la Paz Proper and Ilijan, Batangas City,” said PEI.
The power firm intends to carry out the project in two phases, each is targeted for completion in 30 months.
Based on the project description, the thermal power plant will be an LNG (liquefied natural gas)-fired facility.
“The proposed project will utilize a combined cycle gas turbine technology for…higher efficiency, lower emission [HELE] levels,” it said.
HELE can reduce carbon dioxide emissions and improve the efficiency of the power plant by producing more amount of energy with less coal.
“The use of LNG as fuel will have an emission that is more of environment-friendly compared to other fossil fuel-fired thermal power plant,” it added.
The power facility will be composed of four gas turbines, four compressors, two steam turbines, four generators for the gas turbines, two generators for the steam turbines, four heat recovery steam generators, water treatment plant, wastewater treatment plant, electro-chlorination plant, switchyard facility and an optional LNG terminal facility.
“Also, one of the considerations in the site selection is the proximity to the existing LNG pipeline of Shell Malampaya,” it added.