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03 March 2016

Redondo Peninsula to stagger construction of Subic power plant

MANILA, Philippines – Redondo Peninsula Energy Inc. (RP Energy) will phase the construction of its 600-megawatt (MW) coal-fired power plant in Subic pending the resolution of its transmission problems.

RP Energy is a consortium composed of Meralco Power Gen (MGen), Aboitiz Power Corp. and Taiwan Cogeneration International Corp.

The consortium has been evaluating whether to push through with the whole 600 MW in one go or to phase it due to issues in the capacity transmission facilities.

When asked for updates on the project, Meralco chairman Manuel V. Pangilinan said “the latest word is that we might phase it.”

“(We will start with) 300-MW first and then (another 300 MW) to 600-MW, depending on our capability to interconnect with NGCP (National Grid Corp. of the Philippines). If that takes a few months, then it’s just a few months before we can start the Phase 2,” Pangilinan said.

Construction of the 600-MW coal-fired power plant is targeted in the first quarter of this year and completion in the second half of 2019. (Danessa Rivera, The Philippine Star)

http://www.philstar.com/business/2016/03/03/1558805/redondo-peninsula-stagger-construction-subic-power-plant

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