SMC Global Power Holdings Corp., Mandaluyong City, Philippines, a subsidiary of San Miguel Corporation, is a power generation company. The Company provides a diversified portfolio utilizing a mix of coal, natural gas, and hydroelectric power plants.
SMC Global Power Holdings Corp. expects to complete several battery energy storage systems with a total capacity of 1,000 megawatt-hours by next year, Manilastandard.net reports.
The company said around 470-MW projects would be completed this year until the first quarter of 2021, while the remaining 530-MW projects will be finished by the second to fourth quarter next year.
“We see an opportunity to contract more than 2,200 MW in capacity across the Philippines representing uncontracted ASPA [ancillary service procurement agreement] requirements and non-firm ASPA contracts,” SMC Global Power said in a presentation to the Philippine Dealing & Exchange Corp.
The company said that because of aging plants and large renewable capacity (1,100 MW installed capacity of solar and wind as of 2019), there was a need to maintain grid reliability and stability and prevent load dropping and blackouts.
About SMC Global Power Holdings Corporation
Established in 2008, SMC Global Power Holdings is now one of the largest power companies in the Philippines with a diversified portfolio utilizing a mix of coal, natural gas, and hydroelectric power plants. Its total capacity is 2,903 MW representing 22% of the Luzon grid and 17% of the National grid. These power assets are under Independent Power Producer Administrators (IPPAs) Agreements with PSALM, or are owned/ under joint-venture agreements and are classified as Independent Power Producers (IPPs).
SMC Global Power is currently in the commissioning stages of its greenfield plants in Limay, Bataan and Malita, Davao del Sur. These are set to go on stream by 2016 adding an initial 450 MW to the grid. By 2017, an additional 300 MW will be added to the grid. The Company also has a greenfield project in Mariveles, Bataan set to partially go on stream by 2019.
