MGen's PacificLight allots $900 M, to bid for 600-MW Singapore plant

Jurong Island, SINGAPORE—PacificLight Power Pte. Ltd., controlled by Meralco PowerGen Corp. (MGen), plans to spend around $900 million to double its capacity, aiming to be a leading energy supplier here in the island country.

- By BRIX LELIS

MGen currently owns 58 percent of PacificLight, its joint venture with Hong Kong-based conglomerate First Pacific Co. Ltd.

MGen Gas Energy Holdings Inc. president and CEO Yari Miralao told visiting reporters that PacificLight submitted its bid earlier this month for the construction of one of two new gas-fired power plants in Singapore.

"As part of MGen's comprehensive energy strategy, we are dedicated to investing in state-of-the-art facilities to enhance our competitiveness in the Singapore energy market," he said.

This came after Singapore's Energy Market Authority launched a request for proposals for the private sector to build, own and operate new power plants by 2029 and 2030.

Each generating unit is expected to have a capacity of at least 600 megawatts (MW), which can power around 600,000 homes.