The Ilijan power plant in Batangas, located south of Manila, with a capacity of 1,278 megawatts, is a significant asset being integrated into a joint venture by San Miguel Global Power, Aboitiz Power, and a unit of Manila Electric Co. This joint venture, valued at $3.3 billion, involves billionaire Ramon Ang collaborating with tycoons Sabin Aboitiz and Manuel Pangilinan to invest in an integrated liquefied natural gas (LNG) facility in Batangas.
As part of the agreement, San Miguel Global Power Holdings, the energy arm of San Miguel Corp led by Ang, will contribute two gas-fired power plants totaling 2,598 megawatts to the joint venture. This partnership also includes the acquisition of the LNG import and regasification terminal constructed by Linseed Field Corp, a division of Atlantic Gulf & Pacific. The terminal will supply the necessary fuel for the two power plants, which encompass the existing 1,278 megawatt Ilijan power plant and a new 1,320 megawatt combined cycle power facility set to commence commercial operations by the end of the current year.
