Energy World Corp’s Philippines LNG Power Plant Further Delayed

Energy World Corp’s proposed LNG power plant in Philippines has been further delayed and is now expected to come online in the first half of next year, the company stated in its annual report last week.

The company now expects to bring the first 200 megawatts of its power project in Pagbilao town in Quezon Province into commercial operation by March second and 200 MW unit by June, news agency AFP said citing the annual report.  

The earlier plan was to bring the first 200 MW unit into operation by the second quarter this year and the second 200 MW unit two to three months after. According to local media, the plant's first 200 MW unit was originally supposed to be online as early as December 2014, the news agency stated.

The company did not respond to requests for comments on the project delay, AFP reported. 

According to local media, the plant's first 200 MW unit was originally supposed to be online as early as December 2014. 

In March last year, Energy World Corp announced that state-owned Development Bank of the Philippines (DBP) has agreed to finance the project.

First phase of LNG terminal development would involve a 130,000-cubic meter storage tank, regasification facility, jetty, and supporting infrastructure. Phase two will include an additional 130,000-cubic meter LNG storage tank.

Terminal will act as a hub for onward distribution of LNG throughout the Philippines.