MANILA – San Miguel Global Power (SMGP), the energy arm of tycoon Ramon Ang’s San Miguel Corp. (SMC), is aggressively expanding its portfolio with a total generating capacity of approximately 4,000 megawatts (MW), including renewable energy projects.
SMGP recently disclosed that its subsidiary, Mariveles Power Generation Corp., is developing a circulating fluidized bed coal-fired power plant and other related facilities in Bataan. The first three generators of this project became operational in 2024, while another unit is still awaiting approval from the Energy Regulatory Commission. With an installed capacity of 600 MW, this initiative comes with a budget of P34.4 billion.
Further reinforcing its foothold in the energy sector, SMGP is focusing on the Masinloc power plant in Zambales. The company plans to expand this coal-fired thermal facility by adding two more units, each capable of generating 350 MW.
The total investment for this expansion
reaches P15.8 billion, with completion projected between 2024 and 2026.
Additionally, SMGP reported that its 1,320-MW combined cycle power plant in Batangas is nearing completion, with a 98.2 percent progress rate as of September 2024. The project, which benefits from a P36.9 billion investment, will significantly bolster the company’s energy capacity.
Beyond these large-scale projects, SMGP is also considering the development of small-scale liquefied natural gas (LNG) generators in various locations across Mindanao. These generators, ranging from 50 MW to 100 MW, are aimed at enhancing rural electrification. The company is assessing market conditions and economic factors before proceeding with the project.
SMGP is also intensifying its commitment to renewable energy through its subsidiary, SMC Global Light and Power Corp. The company is currently working on multiple solar power projects, supported by potential partnerships. By 2028, the first phase of solar farms in Bataan, Bulacan, and Isabela is expected to generate an aggregate capacity of 1,300 MW. Further expansions will extend to Pagbilao in Bohol and key areas in Mindanao.
In total, SMGP’s projects will contribute at least 3,970 MW of capacity, with an additional 1,100 MW planned by 2039. These developments underline the company’s strategic efforts to strengthen its energy portfolio and support the country’s growing power demands.(Latigo Reportorial Team)
