Gen X, ACE Enexor to develop power project in Philippines
Singapore-based Gen X Energy has entered into a joint venture with ACE Enexor, a subsidiary of AC Energy Corp., to develop a 1,100-MW combined cycle power plant in the Philippines, it said on January 17.
The plant will be developed by the joint venture company, Batangas Clean Energy (BCE). Gen X Energy and ACE Enexor each hold a 50% interest in BCE.
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The project will be capable of using natural gas and green hydrogen as its fuel to provide power to the grid to meet the Philippines’ energy demand and reduce the country's reliance on coal-fired power generation, Gen X said.
The project will be located in the Batangas Bay Area of the Philippines, close to the load centre of Metro Manila.