First Gen to develop 120-MW Nueva Ecija pumped-storage facility
Lopez-led First Gen Corp. (First Gen) has secured the exclusive right to develop, construct, and operate a new 120-megawatt (MW) pumped-storage hydropower facility in Nueva Ecija province, boosting the country’s clean energy pipeline.
In a statement on Monday, July 6, First Gen announced that it signed a landmark 25-year memorandum of agreement (MOA) with state-run National Irrigation Administration (NIA) for the development of the Aya pumped-storage project in Pantabangan town.
The project will utilize the existing Aya and Masiway reservoirs to cycle and store water to generate energy. To store energy, the facility pumps water from the lower reservoir to the upper reservoir, later releasing it back down to drive an underground power plant that provides crucial ancillary services to the national grid.
The strategic addition comes as the country aggressively scales up its renewable energy (RE) capacity to meet growing demand while maintaining grid stability.
Positioned as a flagship venture for First Gen, the Aya pumped-storage facility is designed to maximize the utilization of two other First Gen-owned hydropower assets within the same complex—the 132-MW Pantabangan-Masiway plant and 165-MW Casecnan plant.
First Gen aims to commercially operate the facility by 2030, as the development will enhance the overall efficiency of its existing clean energy portfolio in Nueva Ecija.
Pumped-storage facilities act as giant water-based batteries, and they can rapidly inject power during peak hours and absorb excess electricity from the grid during off-peak periods.
“More facilities with storage and highly flexible operating parameters are key to stabilize the electricity grid, in terms of addressing load variation and shifting energy supply to support evening peak demand,” First Gen Senior Vice-President Dennis Michael Gonzales said.
“We reaffirm our shared commitment to advancing sustainable development, strengthening energy security, and maximizing the benefits of our water resources for future generations through the development of the Aya pumped-storage project,” he added. - Gabriell Christel Galang