Phinma Energy Corp., the power arm of Phinma Group, is studying the feasibility of putting up three gas-fired power plants with a combined capacity of 904 megawatts, a top executive said Thursday. We need a port for LNG [liquefied natural gas] CCGT,” Phinma Energy president Francisco Viray told reporters. Viray said Phinma Energy requested for a grid impact study of the proposed projects. Phinma Energy executive vice president Raymundo Reyes Jr. earlier said the planned LNG facility would be enough to power a 500-megawatt gas-fired power plant. Phinma Energy owns the 54-MW Guimaras wind project and has a stake in the 20-MW Maibarara Geothermal Inc.

Source: The Standard October 05, 2017 11:26 UTC