Power & Energy
In a relatively short period, San Miguel has built a vertically integrated power company with a full spectrum of power businesses comprising of IPPA contracts through holding company SMC Global Power Holdings. Being a vertically integrated power company gives SMC the opportunity to compete and maximize value in key segments of the value chain by driving and capitalizing on synergies among fuel sourcing, power generation and power distribution.
The Sual Power Plant is a 2x500 MW coal-fired power plant located in Sual, Pangasinan on the Lingayen Gulf. This power plant is owned by TeaM Energy, which is a joint venture between Marubeni Corporation and Tokyo Electric Power Corporation.
The Sual Power Plant is the largest coal-fired power plant in the Philippines [in terms of installed capacity]. It was built pursuant to an ECA with NPC under a 25-year Build-Operate-Transfer (BOT) scheme that expires on October 24, 2024. On August 28, 2009, San Miguel Energy Corporation (SMEC) successfully bid for the appointment to be the IPPA for the Sual Power Plant and received a notice of award on September 1, 2009. SMEC assumed administration of the Sual Power Plant on November 6, 2009 in accordance with an IPPA agreement entered into with PSALM.
The Ilijan Power Plant sits on a 60-acre site at Arenas Point, Barangay Ilijan, Batangas City and was constructed and is owned by KEPCO (through its local subsidiary, KEPCO Ilijan Corporation) pursuant to a 20-year ECA with NPC under a BOT scheme that expires on June 4, 2022.
NPC supplies gas to the Ilijan power plant from the Malampaya field in Palawan. The Ilijan Power Plant consist of two blocks with a rated capacity of 600 MW each. The power plant can also run on diesel oil stored on site.
On April 2010, SMC successfully bid for the appointment to be the IPPA for the Ilijan Power Plant and received a notice of award from PSALM on May 5, 2010. On June 10, 2010, SMC and SPPC (Ilijan) entered into an Assignment Agreement with Assumption of Obligations whereby SMC assigned, with the consent and conformity of PSALM, all of its rights and obligations under the Ilijan IPPA Agreement to SPPC (Ilijan). On June 26, 2010, SPPC (Ilijan) assumed administration of the Ilijan Power Plant.
The 345 MW San Roque Hydroelectric Multipurpose Power Project in San Manuel, Pangasinan is a peaking plant that was constructed by a consortium composed of Marubeni Corporation, Sithe Philippines Holdings, Inc., and Italian-Thai Development Public Issuer Limited pursuant to a PPA with NPC under a BOT scheme.
The San Roque Power Plant utilizes the Agno River for power generation and irrigation and contributes to flood control and water quality improvement for the surrounding region and comprises three power generation units of 115 MW each. The San Roque Power Plant provides an annual energy generation of 1,065 GWh from the 345-MW hydroelectric power plant, the irrigation of approximately 34,450 hectares of agricultural land, storage of water that would otherwise flood the Pangasinan plains, and improvement of water quality of the Agno River which, otherwise, would pollute the downstream rivers. On December 15, 2009, SPDC (San Roque) successfully bid for the appointment to be the IPPA for the San Roque Power Plant and received a notice of award on December 28, 2009. SPDC (San Roque) assumed administration of the San Roque Power Plant on January 26, 2010 in accordance with an IPPA agreement with PSALM.
Designed to initially produce up to 900 megawatts of electricity using the most modern combustion technologies that meet international environment standards, our new power plants in alita, Davao and Limay, Bataan, will help bring about security in power supply.
Click here to go to the SMC Global Power website.
SMC Global Power Holdings Corporation
Fax No.: (+632) 667-5188
Hotline Number: (632) 802-7777
Jeciel B. Campos
SMC Global Power Holdings Corp.