Therma Quezon Energy (TQE) is eyeing to build a liquified natural gas (LNG) terminal and a combined cycle power plant in Pagbilao, Quezon.
Based on a document submitted by the company to the Department of Environment and Natural Resources’ Environmental Management Bureau, the proposal will have a project cost of $1 billion.
The filing said the project, Pagbilao 4 and 5 LNG-to-power, will need 30 hectares of land area for two power blocks that will utilize LNG in a combined cycle gas turbine with a capacity of 1,310 megawatts (MW).
The LNG terminal will have a capacity of 1.1 million tons per annum.
The document said the project is eyed to begin commercial operations by the first quarter of 2028.
The filing added the company intends to deliver the LNG through a floating storage unit and an onshore buffer tank which will be re-gasified and transported to the power plant.
The company said the project aims to supply power to the Luzon grid and ensure reliable power supply in the region.
TQE said natural gas is deemed cleaner and more environment-friendly compared to other fossil fuels as it produces relatively lower greenhouse gas emissions, contributing to an improved air quality.
The DENR has scheduled a public scoping of the project on May 6.
TQE is a subsidiary of Aboitiz Power Corp.
Aboitiz Power is eyeing to build 3,700 MW of new renewable energy capacity on the way to a total of 4,600 MW worth of clean energy in its portfolio by 2030.