A joint venture between the ENEX Energy of the Ayala Group and Gen X Energy LLC of New York Stock Exchange-listed Blackstone plans to commence the development of its 1,100-megawatt (MW) combined-cycle gas turbine power plant in Batangas by June next year.
“In terms of our schedule, we believe we will be shovel-ready by June of 2023,” Batangas Clean Energy president Yari Miralao said.
Miralao said it would take the company 42 months for the project’s site preparation, construction, and commissioning.
The first 550-MW unit of the power plant is expected to be online by the fourth quarter of 2026, while the second 550-MW unit will follow by the first quarter of 2027.
Miralao said the power plant is future ready for hydrogen blending “if and when hydrogen becomes commercially available.”
“In terms of fuel supply, we will be securing our fuel supply from a third party FSRU (floating storage regasification unit provider),” he said.
“In terms of commercial offtake, the project was originally designed and is still is designed to participate in the Meralco power supply competitive selection process… however, because of the uncertainty of the CSP process, we are now pursuing other routes to market where we are working with retail electric suppliers to reach out to commercial industrial customers,” Miralao added.