FIRST Gen Corp. said delivery of liquefied natural gas (LNG) from its most recent contract with TG Global Trading Co. (Tokyo Gas) will be deferred to a later date.
First Gen said it still has enough fuel supply.
Supply from the said agreement signed last June was supposed to arrive this month.
Francis Giles Puno, First Gen president and chief operating officer, told reporters in a chance interview in Albay last week no definite date has been set for the arrival of the 125,000 cubic meters LNG shipment from Tokyo Gas.
“We still have residual gas so we have to deplete it first,” Puno said.
First Gen is utilizing natural gas fuel for its gas-fired power plants with a combined capacity of 2,017 megawatts (MW) and all located in Batangas.
First Gen, as a power generation company, has a total combined capacity of 3,666 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 six years and spend as much as $20 billion until 2030.
