First Gen Corp. subsidiary FGen LNG Corp. has received from the Department of Energy (DOE) the permit to operate and maintain (POM) its interim offshore liquefied natural gas (LNG) terminal in Batangas.
The company said in a statement yesterday the POM authorizes the operation of the project for its own use and is valid for a period of 25 years.
First Gen said the project consists of a multipurpose jetty and an onshore gas receiving facility, representing the initial phase of the FGEN LNG terminal that was previously declared by the Energy Investment Coordination Council, through the DOE, as an energy project of national significance.
Francis Giles Puno, First Gen president, said the project will support the introduction of more natural gas plant generation that will serve as the bridge fuel and offer flexible power generation to support the introduction of more intermittent renewable energy technology in the country.
LNG supply from the project is being utilized by First Gen’s existing gas-fired power plants with a combined capacity of 2,017 megawatts (MW), also located in Batangas.
First Gen has a combined capacity of 3,668.2 MW with a portfolio utilizing natural gas, geothermal, hydroelectric, wind and solar power technologies.
The company also aims to grow its total capacity to 13,000 MW in the next five years and spend as much as $20 billion until 2030.
