SMC Global to build 600 MW LNG project in Philippines

SMC Global Power Holdings, the power arm of San Miguel Corporation (SMC), has announced to build a 600 MW liquefied natural gas (LNG) project located in Lapu-Lapu City, on Mactan Island, Cebu City, Philippines.

The project will cost between US$1.5 million and US$1.7 million per MW or a total of US$900 million to US$1.2 billion. The power plant will be built in a leased 26.16-hectare area leased from Keppel Cebu Shipyard Land, Inc. and the National Development Company. 

Construction of the plant would take around five years beginning in the third quarter of the year while testing and commissioning are scheduled for the fourth quarter of 2023. Commercial operations are slated for the second quarter of 2024.