Electricity Generating PCL : EGCO Group Powers Up “San Buenaventura” plant in the Philippines
September 25, 2019 at 10:43 pm EDT
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Mr. Jakgrich Pibulpairoj, President of Electricity Generating Public Company Limited or EGCO Group disclosed that 'The San Buenaventura power plant managed by San Buenaventura Power Ltd. Co. (SBPL), the joint venture company of EGCO Group and Meralco PowerGen Corporation, in the proportion of 49% and 51% respectively, started its commercial operation on September 26, 2019. The new power plant would constantly generate more revenues for the Company with its earning to be recognized in the fourthquarter this year onwards.In the meantime, the power plant will help ensure a more stable supply of power on the Luzon Island, the Philippines.
The San Buenaventura, located at the site adjacent to the existing Quezon power plant in Mauban, Quezon Province of the Philippines, is a coal-fired power plant utilizing highlyefficient supercritical boiler technology with having an advantage of promoting efficient fuel consumption. The power plant has a gross output capacity of 500 MW, of which the entire net capacity of 455 MW is contracted for sale to the Manila Electric Company (Meralco) under a 20-year Power Supply Agreement with 5-year term extension.
With this power plant, EGCO Group presently has 27 operating power plants with total equity contracted capacity of 5,315 MW in 6 countries - Thailand, Lao PDR, Philippines, Indonesia, Australia and South Korea. There are 3 projects under construction with total equity contracted capacity of 331 MW. The Company's power plants generate electricity using various fuel sources such as natural gas, LNG, coal, biomass, hydro, solar, wind, geothermal and fuel cell.
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EGCO - Electricity Generating pcl published this content on 26 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 September 2019 02:42:07 UTC
Electricity Generating Public Company Limited is a Thailand-based investment holding company. The Company and its subsidiaries are principally engaged in the generation of electricity for sale to the government sector and industrial users. The Company operates through three segments: Electricity generation, and Other businesses. The Electricity generation segment is engaged in operating electricity for sale to the government and industrial users. Other businesses are comprised of maintenance and operating services for power plants, engineering services, coal mining businesses and oil pipeline system businesses. The Companyâs power plants presently generate electricity using several fuel sources such as natural gas, coal, biomass, hydro, solar, wind, and geothermal which partly enhance power security. The Companyâs subsidiaries include Khanom Electricity Generating Co., Ltd, EGCO Engineering and Service Co., Ltd., and EGCO Green Energy Co., Ltd.