ADVERTISEMENT
Manila Bulletin devider Business devider Meralco, SMC jointly seeking PSA approvals on 1,800MW power supply

Meralco, SMC jointly seeking PSA approvals on 1,800MW power supply

Published Mar 26, 2021 12:25 pm

Power utility giant Manila Electric Company (Meralco) and the two subsidiary-firms of conglomerate San Miguel Corporation (SMC) have jointly filed applications with the Energy Regulatory Commission (ERC) for the approval of power supply agreements (PSAs) on 1,800 megawatts of power capacity that will form part of the former’s future supply portfolio.

The PSAs were won by the SMC subsidiary firms in the competitive selection process (CSP) that was concluded by Meralco on February 19 this year – for its solicited PSAs that will supply it with the specified scale of capacity starting year 2024.

The supply deals cover the 1,200-megawatt liquefied natural gas (LNG) power project that SMC subsidiary Excellent Energy Resources Inc. (EERI) will be setting up in Ilijan, Batangas; and the 600MW expansion of its existing Masinloc Power Partners Co. Ltd. (MPPCL) coal-fired generating facility in Zambales province.

The supply of the required capacities to Meralco will be for 20 years, based on the terms of the PSAs inked by the relevant parties.

For the 1,200MW LNG facility, it was stipulated in the PSA between Meralco and EERI that the plant must achieve commercial operations date (COD) not later than November 26, 2024.

And in any case that the COD won’t be accomplished within the specified timeframe, it was stated in the PSA that power supplier EERI “for each day of unexcused daily, shall procure and cause delivery to Meralco of replacement power of up to 1,200MW (net), as may be applicable.”

For the PSA with MPPCL, it was prescribed that the delivery date shall start on May 2025; and Meralco has the option “to take available energy of up to 600MW (net), at commissioning energy charge, starting May 2024.”

In a recent briefing with reporters, SMC President Ramon S. Ang indicated that their project site in Batangas for the 1,200MW LNG facility has already been purchased – and the plant will be built close to the existing Ilijan gas-fired power facility in the area.

He added that an environmental compliance certificate (ECC) for the project has so far been secured also from the Department of Environment and Natural Resources (DENR) as well as the other key permits warranted for the advancement of the facility to construction phase.

“I am sure we will be ready by 2023,” Ang stressed, when asked on the targeted completion of their greenfield gas-fired plant; and that’s at least a year earlier than the COD requirement of November 2024.

For the Masinloc plant, the company chief executive likewise noted that the expansion capacity would be available as committed to Meralco by year 2024 on commissioning phase; and by 2025 on full commercial stream. (MMV)

Related Tags

#MERALCO #SMC #PSAs #MPPCL #EERI
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.