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Meralco Power Gen (MGen) and Aboitiz Power Corporation will acquire a 67% stake in SMC Global Power Holdings Corp.'s $3.3 billion integrated LNG project, including the existing 1,278 MW Ilijan gas plant, a 1,320 MW expansion, and an LNG import terminal, with MGen holding 60% of the acquired stake and Aboitiz Power 40%.
Wärtsilä has received an EPC contract from Therma Marine Inc. (Aboitiz Power) to deliver a barge-mounted 54 MW/32 MWh energy storage system in Maco, Davao de Oro, Philippines, with delivery scheduled for Q4 2021.