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Aboitiz Power plans 1000 MW gas-fired power plant for Philippines
- 3 years ago (2021-08-12)
- David Flin
Aboitiz Power is considering building a 1000 MW gas-fired power plant within the next decade to provide baseload capacity for the Philippine electricity grid. Emmanuel V. Rubio, CEO and President of Aboitiz Power, said: “For baseload, we are shifting our focus to gas. We have early feasibility studies and within the next 10 years, we’re open to an option of building one gas plant with a capacity of at least 1000 MW, unless a cleaner technology proves to be a more viable option.” He noted that gas technology is currently the “only viable cost-competitive technology.”
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Rubio added: “I don’t think coal or new coal plants will be built, given all the pressures on the environment and the lack of financing. We’re not closing our doors on any alternative technology that will be able to provide the same capacity factor on a cost-competitive basis.”