Amy R. Remo
Inquirer.net
Manila Electric Co., the country’s biggest power distributor, said it planned to put up a 300-megawatt coal-fired power plant in an area north of Manila.
This is the second project being eyed for the $2.3-billion, 1,500-megawatt power generation portfolio that Meralco is planning to build. The first, which was announced earlier, is the 150-MW Liquefied Natural Gas (LNG)-fired plant in Laguna.
Meralco will likely start the construction of the coal-fired power generation plant this year. It is targeted for completion in 2014.
In a briefing following the company’s stockholders’ meeting on Tuesday, Meralco chief operating officer Oscar Reyes said Meralco might be spending about $2 million to produce a megawatt of power from this coal facility. This means the project may cost at least $600 million (roughly P27 billion).
Read here
Inquirer.net
Manila Electric Co., the country’s biggest power distributor, said it planned to put up a 300-megawatt coal-fired power plant in an area north of Manila.
This is the second project being eyed for the $2.3-billion, 1,500-megawatt power generation portfolio that Meralco is planning to build. The first, which was announced earlier, is the 150-MW Liquefied Natural Gas (LNG)-fired plant in Laguna.
Meralco will likely start the construction of the coal-fired power generation plant this year. It is targeted for completion in 2014.
In a briefing following the company’s stockholders’ meeting on Tuesday, Meralco chief operating officer Oscar Reyes said Meralco might be spending about $2 million to produce a megawatt of power from this coal facility. This means the project may cost at least $600 million (roughly P27 billion).
Read here
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