STRATEGIC Power Development Corp. (SPDC), a wholly owned unit of SMC Global Power Corp, is set to modernize the San Roque hydro plant in San Manuel, Pangasinan to maximize its generating capacity.
The 345-megawatt (MW) hydro facility was designed as a build-operate-transfer project and holds a 25-year power purchase agreement with the National Power Corp. (Napocor).
Napocor President Gladys Sta. Maria confirmed SPDC’s plan to upgrade the current capacity of the San Roque hydro plant.
“Yes, they want to maximize the present installed capacity (of San Roque hydro) because water levels are insufficient during summer,” she said.
She added that SPDC is looking at an all year round maximized capacity for the plant’s power generation..
SPDC is responsible for selling the electricity generated by the hydro facility, while San Roque Power Corp., the joint venture of Marubeni Corp. and Kansai Electric Power Co. Ltd., takes care of the operations and maintenance of the power plant.
As a peaking power plant, San Roque provides the Luzon grid with an additional dependable capacity of 110 MW even during periods of extreme drought.
A peaking power plant generally runs only when there is a high demand, known as peak demand, for electricity.
SPDC has pending hydro service contracts for the 20 MW West Upper San Roque Pumped Storage and 10 MW East Upper San Roque Pumped Storage.
San Miguel Corp. won the right to manage the supply contract of the San Roque plant in 2009 with a $450 million bid.
Meanwhile, San Miguel is looking at expanding its power portfolio to 3,000 MW of hydro power projects, according to an industry source. In line with this, it is keen on taking a stake in the 218 MW Angat hydro power plant in Bulacan.
The company said it aims to close a joint venture agreement with Korea Water Resources Corp. for the Angat hydroelectric plant. The government recently turned over the Angat plant to K-Water.
San Miguel is currently building coal power projects in Bataan and Davao, which are in various stages of development. These coal plants will have a combined capacity of 1,800 MW.