State-run Philippine National Oil Co. (PNOC) has signed a memorandum of understanding (MOU) with local firm BERGS Energy Solutions and Technology Corp. (BESTC) to study the feasibility of a large natural gas power project in Bataan.
The proposed project involves building three 600-megawatt natural gas-fired combined cycle power plants, with a total capacity of 1,800 megawatts, along with a floating storage regasification unit. The facilities are planned for PNOC’s Industrial Park in Bataan.
PNOC said the agreement, signed on February 10, aims to help lower electricity prices and meet the country’s growing power demand. The project is also seen as part of the government’s push to transition to cleaner energy sources, as natural gas produces fewer emissions than coal.
Under the MOU, the parties will study the technical and business aspects of the project before moving to a final agreement. BESTC president Bernardo Babaran said discussions are ongoing and a definitive deal will be signed once the terms are finalized.
If found feasible, the project could have significant economic impact. The additional 1,800 MW capacity would help strengthen energy security, reduce the risk of power shortages, and support industrial growth. Stable and potentially lower power costs could also attract more investments, especially in energy-intensive industries.
Separately, PNOC is also expanding its renewable energy efforts. Earlier, listed firm AbaCore Capital Holdings Inc., through its subsidiary Simlong Energy Development Corp., extended its partnership with PNOC to study the development of an onshore wind energy hub in Batangas.
The wind project’s study period has been extended to allow for more detailed technical and economic analysis, with the agreement now effective until February 2028.
PNOC said these initiatives align with its mandate to help ensure stable energy supply, support economic growth, and promote the development of both conventional and renewable energy resources in the country.
