en.Wedoany.com Reported - Mitsubishi Power has signed a service agreement with Chromite Gas Holdings Inc. (LNGPH) in Batangas, Philippines, to provide key components and technical services for the M501G gas turbines at the 1,200 MW Ilijan Combined Cycle Power Plant.
Under the agreement, Mitsubishi Power's aftermarket subsidiary in the Philippines—MHI Power (Philippines) Plant Service—will supply hot gas path parts and spare parts, perform repairs, and provide technical advisory services for the plant. Mitsubishi Power stated in a release that the agreement builds on over two decades of engineering work at one of Luzon's most critical power generation facilities, where it first installed gas turbines at Ilijan in 2002. The company did not disclose the price details of the agreement.
LNGPH is an integrated liquefied natural gas (LNG) import and regasification terminal and gas-fired power complex in Batangas, with a total installed capacity of 2.5 GW, supporting natural gas-fired power generation for the Luzon grid. The complex operates through its two main corporate entities, SPPC and Excellent Energy Resources Inc. (EERI). LNGPH represents a joint investment by Chromite Gas Holdings, a joint venture between Meralco PowerGen (MGEN), Aboitiz's Therma Natgas Power, and San Miguel Global Power Holdings (SMGP).
Last year, Geneva-based energy trader Vitol signed a 10-year sale and purchase agreement with LNGPH to deliver LNG to Batangas. Starting in 2025, Vitol will supply up to 800,000 metric tons of LNG annually. In January 2025, power companies MGEN, AP, and SMGP completed the financial closing of their previously announced LNG power generation partnership, valued at approximately $3.3 billion. The transaction involved MGen and TNGP acquiring a 67% stake in SPPC, EERI, and Ilijan Primeline Industrial Estate (IPIEC) through Chromite Gas Holdings Inc. (CGHI). Additionally, CGHI and SMGP jointly acquired 100% of LFC (a subsidiary of Singapore LNG company AG&P and the operator of the Batangas LNG terminal). As a result of these acquisitions, MGen and TNGP hold 67% of SPPC, EERI, and IPIEC through their respective 60% and 40% stakes in CGHI, while SMGP retains a 33% stake in these entities and obtains corresponding interests in LFC. MGen and AP will jointly invest in two of SMGP's gas-fired power plants—the 1,278 MW Ilijan Power Plant and a new 1,320 MW combined cycle power facility.
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