SMC Global Power Holdings, the power generating company (genco) of San Miguel Corporation (SMC) is looking to construct a 300-megawatt (MW) liquefied natural gas (LNG) combined cycle power plant worth Php18.5 billion in San Carlos City, Negros Occidental.
Based on documents it submitted to the Department of Environment and Natural Resources (DENR), the plant would have four 75MW generators and will be located within the San Carlos Ecozone by the Tanon Strait, which separates Negros from Cebu.
The plant will be built and run in particular by SMC Global Power unit Reliance Energy Development, Inc. (REDI).
“The proposed power plant of REDI will help augment the demand for reliable and affordable power supply. The proposed power plant will not only supply enough electricity to Filipino households and businesses but will also contribute to national development,” the company said.
REDI is looking to begin the construction of the LNG plant by the third quarter and is expected to be completed by the first quarter of 2024.
The project is currently in the early stages of the Environmental Impact Assessment process of the DENR and is scheduled to undergo a Public Scoping Activity on March 16.
San Miguel eyes Php18.5B 300MW LNG plant in Negros Occidental SMC Global Power, the country’s second largest genco, had planned to construct coal-fired power plants, but has opted to concentrate on developing LNG and renewable energy assets instead. The Department of Energy imposed a moratorium on the building of new coal plants in October 2020.