Under the contract, MHPS will be responsible for the supply boiler, a steam turbine and a generator for the power plant through Daelim Industrial.
Daelim Industrial, along with its partner Mitsubishi, is the engineering, procurement and construction (EPC) contractor for the power project.
Power generated from the facility will be sold to Philippines’ electric utility company Manila Electric Company (Meralco) under a long-term power purchase agreement.
The project is owned by San Buenaventura Power, joint venture between the Electricity Generating Public Company (EGCO) of Thailand and Meralco PowerGen, a power generation affiliate of Meralco.
Mitsubishi and Tokyo Electric Power Company (Tepco) each have 12.286% stake in EGCO.
Planned to be built on the site of the Quezon Power-operated Quezon Power Plant in the municipality of Mauban, Quezon Province, the facility is scheduled to be commissioned in June 2019 and is expected to be first supercritical-pressure coal-fired power plant in the country.
Designed to meet power demand in the region, the project will be fuelled by subbituminous coal which will be imported from Indonesia.
Recently, San Buenaventura Power secured a PHP42.15bn ($893.1m) loan from a consortium of local banks for the development of the power plant, reported The Philippine Star.
Image: Philippines plans to meet robust power demand. Photo: courtesy of John Kasawa/ FreeDigitalPhotos.net.
