FIRST Gen Corp’s natural gas-fired power plant is set to receive supply of gas turbines from a Slovakia-based contractor following a deal signed by both parties.
In a disclosure, First Gen said on Monday that Prime Meridian Powergen Corp. (PMPC), a First Gen unit, has signed supply contracts to build turbines with engineering firm Istroenergo Group (IEG), a Slovakia-based engineering firm that specializes in the construction of aeroderivative gas turbine power plants.
The deal – which costs $150 million – would increase PMPC’s 97-megawatt (MW) Avion Open Cycle Natural Gas-Fired Power Plant (Avion plant) power supply capacity by building gas turbines, to be constructed by IEG.
“The Avion plant will use General Electric’s LM6000 PC Sprint aeroderivative gas turbines and have the capability to burn natural gas or liquid fuel,” First Gen said.
“It will be located adjacent to First Gen’s 1000-MW Santa Rita and 500-MW San Lorenzo natural gas-fired power plants in Batangas City, and is expected to be completed at a cost of approximately US$150 million,” it added.
The company said the Avion plant would be operational by April next year.
Incorporated in 1998, First Gen is the power generation subsidiary of First Philippine Holdings Corp., which is held by parent firm Lopez Holdings Corp.