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Manila Bulletin devider Business devider Aboitiz Power to issue notice-to-proceed for 1,000MW greenfield solar projects

Aboitiz Power to issue notice-to-proceed for 1,000MW greenfield solar projects

Published Apr 22, 2024 07:50 am

At A Glance

  • In addressing the power system's need for baseload capacity additions, Aboitiz Power will stick to its plan for a third unit of 150MW at its Therma Visayas Inc. (TVI) coal-fired power plant in Toledo, Cebu.
  • Option for liquefied natural gas (LNG) technology for a 150MW plant in Visayas is calculated to be more expensive by P2.00 per kilowatt-hour.
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Leading player Aboitiz Power Corporation is scheduling the issuance of notice-to-proceed (NTP) for the construction of the next round of 1,000 megawatts (MW) of greenfield solar farm ventures that it is targeting to bring to commercial operations in the next two years.

In a briefing with the media, outgoing Aboitiz Power President and CEO Emmanuel V. Rubio said “we’re ready to issue notice to proceed for about 1,000MW of solar projects that will come in late 2025 and early 2026.”

The new installations, he expounded, will be part of the 4,600MW development platform that the Aboitiz group has blueprinted for its targeted renewable energy (RE) portfolio that will rebalance its energy mix by year 2030.

The latest capacity additions that the company had synchronized to Luzon grid had been its 120MW Cayanga solar project; as well as the initial 76MW of its 100MW Laoag solar installation – both projects of which are sited in Pangasinan province.

“Our intention is to build more renewable energy and hopefully by 2030, Aboitiz Power has 4,600MW of renewable energy,” Rubio indicated.

In addressing the power system’s need for baseload capacity additions, he emphasized that Aboitiz Power will stick to its plan for a third unit of 150MW at its Therma Visayas Inc. (TVI) coal-fired power plant in Toledo, Cebu.

“For TVI 3 – we’re still looking at the possible EPC (engineering, procurement and construction) suppliers. We’ve narrowed the list down to two,” he said; although he has not named the companies for now.

He noted the cost-competitive option for that planned capacity addition in Visayas would be coal – because number-crunching had shown that if liquefied natural gas (LNG) would be preferred, the resulting cost for consumers would be a rate higher by P2.00 per kilowatt hour (kWh) compared to a coal plant expansion.

“150MW LNG will not make sense, it’s not going to be competitive given the size for economies of scale in the Visayas - and I think it’s not right to actually penalize the consumers in Visayas,” the Aboitiz Power executive stressed.

Rubio explained “when we calculated the cost for a small LNG facility such as what we we’re considering in Cebu – 150MW, it is higher priced by at least P2.00 compared if we’re going to expand TVI and put the third unit; because there’s actually provision for a third unit. The plants are already there – we just have to put the steam turbine generator and the boiler.”

Onward, he indicated that another capacity shoring up to be contributed by Aboitiz Power will be those from its investment in the Ilijan gas-fired power plant which is its partnership with Meralco PowerGen and SMC Global Power Holdings of the San Miguel group -- with the new generating units anticipated on-line toward the end of this year. 

 

 

 

 

 

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Power supply solar plants Aboitiz Power Corporation coal plant Emmanuel Rubio
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