Bilyonaryo - Business

Ramon Ang to build P18.5B LNG plant in Negros Occidental

March 7, 2022

Bilyonaryo.com

Bilyonaryo Ramon S. Ang-led SMC Global Power Holdings Corp., plans to put up a 300 megawatt LNG combined cycle power plant in San Carlos City, Negros Occidental.
The power plant, located within the San Carlos City Ecozone, is being developed by Reliance Energy Development Inc. (REDI), a wholly owned subsidiary of SMC Global Power.
It is estimated to cost about P18.5 billion.
The project is seen to augment the country’s growing power needs and is targeted for completion by the third quarter of 2024.
SMC Global Power owns a diversified portfolio of power assets including coal, natural gas, and hydroelectric plants.
The San Miguel Group is also pursuing battery energy storage system projects around the country.

Related News Tags: LNG plant, Ramon S. Ang, SMC Global Power Holdings Corp.

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