Lopez family set to enter LNG supply business via San Gabriel power plant
Leading renewable firm First Gen Corp. obtained its Certificate of Compliance from the Energy Regulatory Commission (ERC) for the 414-megawatt combined-cycle natural gas-fired San Gabriel power plant in Santa Rita, Batangas.
The COC serves as proof that the San Gabriel power plant has complied with all technical and financial requirements before a power generation company can commercially operate a plant.
The Philippine Electricity Market Corporation (PEMC) has also acknowledged the change in status of San Gabriel from testing and commissioning to commercial operation, which enables San Gabriel?s participation in the Wholesale Electricity Spot Market (WESM) and ensures a more stable power supply within the Luzon and Visayas grids.
“As part of our commitment to develop competitively-priced and clean sources of energy, we are pleased to announce that the 414-MW San Gabriel power plant has obtained its Certificate of Compliance — the last pre-requisite to commerciality under the WESM. The Flex-Plant is designed to provide baseload, mid-merit, and peaking power dependent on the grid?s demand requirements. This project is vital to First Gen?s planned entry into the LNG supply business in preparation for the eventual depletion of natural gas from Malampaya,” said First Gen president and COO Giles B. Puno.
San Gabriel runs on natural gas, considered the cleanest among fossil fuels. Operation of the plant results in carbon emissions that are 70 percent lower than the emissions from a coal-fired plant.
The operations of the San Gabriel plant brings First Gen?s natural gas capacity to 2,011 MW. First Gen also owns and operates the 1,000-MW Santa Rita, the 500-MW San Lorenzo and 97-MW Avion power facilities, all located in the First Gen Clean Energy Complex in Batangas.