EERI offered to supply Meralco 1,200 MW from a natural gas-fired power plant, while MPPCL offered 600 MW from a coal-fired power plant.EERI will construct three units of 425.7 MW each of combined cycle power plant in Ilijan, Batangas City capable of supplying 1,200 MW to Meralco. The power plants will be in operation not later than Nov. 26, 2024.MPPCL will construct a 600 -MW coal-fired thermal power plant in Masinloc, Zambales that will start commercial operations not later than April 26, 2025.SMC Global is also building 31 new battery energy storage facilities nationwide totaling 1,000 MW with capital expenditure budget of about $1 billion.The company posted a net income of P7.77 billion in the first quarter, up by 141 percent from P3.22 billion in the same period last year.
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