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Under the agreement, Mitsubishi Power’s Philippine after-sales arm, MHI Power (Philippines) Plant Service, will provide critical parts and services, including hot parts and spare parts supply, repair works, and technical advisory services, to the M501G gas turbines at the 1,200MW Ilihan combined-cycle power plant in Batangas.
Mitsubishi Power noted in a statement that the agreement builds on over two decades of engineering at one of Luzon’s most critical power generation facilities, with Mitsubishi Power first installing the gas turbines at Ilihan in 2002.
The Japanese firm did not provide the pricing details of the agreement.
LNGPH is an integrated LNG import and regasification terminal and gas-to-power complex in Batangas with a total installed capacity of 2.5GW, supporting the supply of natural gas for power generation in the Luzon grid.
It operates through its two main corporate entities, SPPC and Excellent Energy Resources Inc. (EERI).
LNGPH represents the joint investments of Chromite Gas Holdings, a joint venture between Meralco PowerGen (MGEN) and Aboitiz-owned Therma Natgas Power, along with San Miguel Global Power Holdings (SMGP).
Last year, Geneva-based energy trader Vitol signed a 10-year sales and purchase deal with LNGPH to deliver LNG to Batangas.
Starting in 2025, Vitol supplies up to 0.8 million metric tons of LNG annually.
In January 2025, Power companies MGEN, AP, and SMGP completed the financial close of their previously announced LNG-to-power partnership worth about $3.3 billion.
The transaction involved the acquisition by MGen and TNGP, through Chromite Gas (CGHI), of a 67 percent equity interest in SPPC, EERI, and Ilijan Primeline Industrial Estate (IPIEC).
Furthermore, CGHI and SMGP jointly acquired 100 percent of LFC, a unit of Singapore’s LNG firm AG&P and operator of the LNG terminal in Batangas City.
As a result of these acquisitions, MGen and TNGP, through their 60-40 stakes in CGHI, respectively, own 67 percent of SPPC, EERI, and IPIEC, while SMGP retains a 33 percent stake in these entities and gains a corresponding interest in LFC.
MGen and AP will jointly invest in two of SMGP’s gas-fired power plants—the 1,278 MW Ilijan power plant and a new 1,320 MW combined cycle power facility.