Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

MGen unit’s 100-MW facility in Singapore set for Q2 operations

MGen unit’s 100-MW facility in Singapore set for Q2 operations – BusinessWorld Online


      
      
      
      
      








MERALCOPOWERGEN.COM.PH

PACIFICLIGHT Power Pte. Ltd. (PLP), a subsidiary of Meralco PowerGen Corp. (MGen), is set to start operations of its 100-megawatt (MW) combined-cycle gas turbine (CCGT) in Singapore in the second quarter (Q2).

The new capacity is an expansion of PLP’s existing 840-MW CCGT facility, according to MGen President and Chief Executive Officer Emmanuel V. Rubio.

Once operational, the facility will provide dispatchable reserves.

Mr. Rubio said that PLP’s new 600-MW CCGT plant on Jurong Island is slated for commercial operations by January 2029.

PLP has engaged Mitsubishi Power as the engineering, procurement, and construction contractor for the CCGT facility.

The new plant will include a large-scale battery energy storage system and is poised to become Singapore’s largest of its kind.

“While we aim to expand the LNG (liquefied natural gas) to power business in the Philippines, we have been steadily growing our LNG capacity outside of the country,” Mr. Rubio said.

PLP, owned by MGen and Hong Kong-based First Pacific Group, is a Singapore-based power generation and electricity retail company that has been operating since 2014, generating close to 10% of the country’s demand.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

CEDTyClea





    You May Also Like

    Stock Markets

    PHILIPPINE President Ferdinand R. Marcos, Jr. met with Laos Prime Minister Sonexay Siphandone on May 26 as part of the 46th ASEAN Summit and...

    Finance

    Gary Neville is known to most as a football legend – a stalwart of Manchester United and England, a leader on the pitch, and...

    Stock Markets

    1 of 3 CHINESE AUTO giant Geely Auto recently arranged an international media tour predicated on the Auto Shanghai 2025. In a release, the...

    Finance

    Tesla has encountered legal headwinds in its push to trademark the terms “Robotaxi” and “Cybercab”, dealing a blow to the company’s highly anticipated autonomous...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.