The new plant will be established within the existing old 460MW coal facility as part of its expansion.
The facility in Quezon is owned by EGCO’s subsidiary Quezon Power Philippines.
Established in May 2000, the Quezon power plant supplies electricity to the Luzon grid under a 25-year power sales agreement with Meralco.
Quezon Power managing director Frank Thiel said the plant’s construction may likely take about three years.
Meralco president Oscar Reye said, "We are in active discussions with a number of existing gencos with intentions to expand and with new companies intending to build greenfield plants."
"The talks seek to explore potential [joint ventures] and competitive power supply agreements," Reye added.
