The power-generating arm of Manila Electric Co. (Meralco) and Thailand’s largest electricity producer will join forces in building a new coal-fired power plant for the expansion of the Quezon Power Project.
In a regular meeting, the board of Meralco has already approved the resolution authorizing its subsidiary, Meralco PowerGen Corp. (MGen), to execute a joint development agreement and other related agreements with Electricity Generating Public Co. (EGCO).
The joint venture agreement, according to Meralco, involves the building of the new 460-megawatt (MW) super critical coal-fired power plant of the Quezon Power Project in Mauban, Quezon. It was reported before that EGCO of Thailand has always been keen on tapping Meralco’s partnership for the expansion of its Quezon Power Project, which already has a 460-MW coal-fired generating plant and a 31-kilometer transmission line as existing facilities. EGCO controls 98 percent of Quezon Power.
Meanwhile, Meralco earlier said that it plans to add up about 2,880 MW of new capacity to grow its power generation portfolio as it gears for the growing power demand in the country in the next few years.