JURONG ISLAND, SINGAPORE—PacificLight Power Pte Ltd. (PLP), a joint venture between Meralco PowerGen Corp. and First Pacific Co. Ltd., submitted its proposal to Singapore’s Energy Market Authority to build two new hydrogen-ready combined cycle gas turbines with at least 600-megawatt (MW) generation capacity.
Singapore’s EMA announced in June that its power system requires one new combined cycle gas turbine (CCGT) generating unit of at least 600 MW in 2029 and another in 2030.
“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. This includes a potential investment in a new 600MW power plant, designed to be larger, more efficient, and will be one of the most reliable on the Singapore grid,” said Yari Miralao, president and chief executive of MGEN Gas Energy Holdings Inc. (MNatural Gas).
Miralao said PLP might spend around $630 million for a 70-percent equity and would likely tap 30-percent debt or about $270 million to finance the estimated project cost of $900 million for the 600-MW expansion once it bagged the contract from the Singapore government.
PLP is one of the six power generators in Singapore. It owns the existing state-of-the-art 830-MW combined cycle gas turbine power plant fueled by liquefied natural gas that supplies power to 1.2 million Singaporean households.
It is one of the most efficient power plants in Singapore that is able to ramp up to full capacity in 60 minutes. It is also the first plant to exceed 60-percent efficiency following the Advanced Turbine Efficiency Package upgrade implementation.
PLP is also constructing another 100-MW hydrogen-ready gas turbine facility that will support the energy system in Singapore when it becomes operational by the second quarter next year after being awarded a 25-year fast start contract.
Meanwhile, PLP is developing a 670-MW peak solar facility in Bulan Island, Indonesia with consortium members Medco Power Indonesia and Gallant Venture.
The Bulan solar project will supply competitively priced and reliable renewable electricity to Singapore through a dedicated high voltage subside cable.
“We are also working with a consortium of partners to deliver one of Singapore’s pioneering renewable energy projects, aligned with their target of achieving 30 percent renewable energy by 2030. In line with this, MGEN plans to actively support Singapore’s renewable energy transition through the importation of solar energy from Indonesia,” Miralao said.
“This initiative underscores our commitment to driving clean energy solutions, not only in the Philippines but also in other markets where we operate. At MGEN, our vision is to lead the energy transition toward a cleaner, more sustainable future, and we are confident in our ability to achieve these ambitious goals,” he said.
