San Miguel Corp. (SMC), the Manila Electric Co. (Meralco), and First Gen Corp. are going to discuss how they can put the Ilijan gas plant back on line so the grid would be injected with 1,200 megawatts (MW) of capacity. Know more:
San Miguel Corp. , the Manila Electric Co. , and First Gen Corp. are going to discuss how they can put the Ilijan gas plant back on line so the grid would be injected with 1,200 megawatts of capacity.
The offer that is now on the table is for SMC to supply Meralco the full 1,200MW capacity of Ilijan at “a minimal P1 per kilowatt hour [kWh] in capital recovery fee [CRF] or half of its capital cost on the facility.” Aside from the P1 per kWh CRF, Valles said there is a variable cost component amounting to P0.30. “That was included in the offer to us that we received. So that’s about P1.30 in all.”
In fact, the National grid Corporation of the Philippines has once again placed the Luzon grid on yellow alert from 1 p.m. to 4 p.m. and from 5 p.m. to 6 p.m. on Tuesday. Valles also said that the DOE has approved Meralco’s application to exempt it from competitive auction some of the emergency power supply agreements it forged with some power suppliers.
“What we have negotiated with so far is with AboitizPower’s Dinginin plant but they only offered 300MW, and only covering a period of until January 25, 2023. So, that’s less than two months at P5.95 per kWh if I am not mistaken. The EPSA is supposed to be for a year. We are looking for additional 370MW.
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