SMGP Earmarks P87B for Baseload Expansion

San Miguel Global Power Holdings Corp. (SMGP) of tycoon Ramon Ang has set aside at least P87.1 billion to further beef up its baseload portfolio.

- By BRIX LELIS

SMGP, through Mariveles Power Generation Corp., recently completed its 600-megawatt (MW) coal-fired power plant in the municipality of Mariveles in Bataan, with all four units now operating.

With an estimated investment of P34.4 billion, the Mariveles facility runs on a circulating fluidized bed, a steam-generating technology that burns fuels with higher efficiency and lower emissions.

Similarly, the power arm of San Miguel Corp. is further expanding its Masinloc coal-fired thermal power plant in Zambales through the development of two more units with a capacity of 350 MW each.

Both units are scheduled for completion between this year and the next, SMGP said.