JG Summit Holdings Inc. has informed the Department of Energy (DOE) that it plans to double the power-generation output of its coal-fired power plant in Batangas City to 600 megawatts (MW).
Based on the DOE records, the agency has included JG Summit’s 600-MW coal plant as one of the indicative power projects for Luzon. JG Summit initially planned to construct a 300-MW coal-fired power plant.
JG Summit plans to undertake the construction of the power facility in four phases each with a 150-MW capacity. The firm could secure an environmental compliance certificate for the project before the end of the year.
So far, JG Summit has received approval from the energy department to conduct the grid impact study, while “negotiations for financing arrangements and other permits and securing other regulatory requirements are ongoing.”
Just recently, JG Summit has committed to the DOE that it will make available 60 MW of generation capacity in time for summer next year.
JG Summit now owns 21.7 percent of Manila Electric Co. (Meralco), the country’s biggest power distributor, after acquiring the stake of San Miguel Corp. for P72 billion.
Meralco and JG are now in exploring possible partnerships in the power sector.
JG Summit is a pioneer in the petrochemical industry and now has two wholly owned subsidiaries in its 250-hectare fully integrated, world-class, Philippine Export Zone Authority-accredited petrochemical-manufacturing complex in Barangay Simlong, Batangas City. These are JG Summit Petrochemical Corp. and JG Summit Olefins Corp.