Power industry stakeholders are discussing a so-called “gas-swapping” arrangement that will result in gas allocation for the 1,200megawatt (MW) Ilijan power plant that has been on shutdown since June last year. Know more:
Power industry stakeholders are discussing a so-called “gas-swapping” arrangement that will result in gas allocation for the 1,200megawatt Ilijan power plant that has been on shutdown since June last year.
Among others, the parties involved discussed the allocation of 80 standard cubic foot of First Gen’s Malampaya banked gas to operate Ilijan plant. This plan, if implemented, would allow lijan to generate a minimum of 400MW to a maximum of 1,000MW to support the expected increase in demand for electricity from March to July and prevent brownouts.
The DOE has yet to formally announce this arrangement, but based on the minutes of its December 27, 2022 meeting, the parties also discussed to keep costs of power to a maximum of P4 pesos per kilowatt hour ; to draw up the gas swapping agreement for submission to Prime Energy, now the operator of the Malampaya gas field; for DOE to ensure that Meralco sources energy at the least possible cost; and for the DOE to commit to helping those involved in the gas-swap arrangement secure permits and...
DOE estimates placed the potential shortage of electricity in the so-called peak months possibly at up to 1,000MW. “We are taking this proactive stand so there would be no need for our businesses, our consumers and especially those relying on continued supply of power to worry,” the DOE official added.
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