Siemens Energy has won an engineering, procurement and construction (EPC) contract valued at €395m from First NatGas Power, wholly-owned by First Gen, for the 414MW San Gabriel combined cycle power plant (CCPP) in the Philippines.
The latest 414MW plant is the first of three phases (units) of the broader San Gabriel project, which calls for the construction of a 1,300MW combined cycle power plant.
Under the contract, Siemens will construct, operate and provide long-term maintenance for the 414MW plant being built in Batangas City located in the Calabarzon region, which is approximately 110km south of the country's capital Manila.
Siemens will supply a SGT6-8000H gas turbine, a SST6-5000 steam turbine, a hydrogen-cooled SGen6-2000H generator, a Benson type heat recovery steam generator, the electrical engineering and the SPPA-T3000 control system.
Siemens Power Operations, a wholly owned subsidiary of Siemens AG, will operate and maintain the plant for around nine-and-a-half years under an O&M agreement.
Scheduled to be operational in March 2016, the San Gabriel project, with an efficiency of more than 60%, is claimed to be the most efficient gas-fired power plant in South-East Asia.
The company, which will sell the project's output to the Luzon grid, will initially fuel the first unit with Malampaya gas, but plans to use regasified liquefied natural gas in the future including at the remaining planned two units.
The San Gabriel project, which is estimated to cost around $600m, will be financed through an export credit agency-covered loan and the proceeds of First Gen's recent $300m bond offering.
First Gen chairman and CEO Federico Lopez said the company is developing additional power generating capacity for the Luzon grid.
''The San Gabriel project will be using the latest Siemens technology that will make it the most efficient gas-fired plant in the country," Lopez said.
Image: Architect's drawing of the San Gabriel CC plant in the Philippines with an installed capacity of 414MW. Photo: courtesy of Siemens.