BG Group has interests in two gas-fired power generation plants, Santa Rita and San Lorenzo, located on the island of Luzon.

T&D

Santa Rita

Santa Rita power station is owned by First Gas Power Corporation (FGPC), a 100% subsidiary of First Gas Holdings Corporation (FGHC), in which BG Group has a 40% interest. The remaining 60% of FGHC is owned by First Gen Holdings Corporation (First Gen), a subsidiary of First Philippines Holdings Corporation. The Santa Rita 1 000 MW power plant entered full operation in 2000 and, in 2002, the plant switched to natural gas operations when gas became available from the Malampaya field. Electricity is sold to the Manila Electric Company (Meralco) under a PPA that is effective until 2025. Siemens AG operates the plant.

San Lorenzo

BG Group, in partnership with Unified Holdings Corporation (UHC), a 100% subsidiary of First Gen, developed, financed and constructed the San Lorenzo power plant. BG Group owns a 40% interest in FGPC and UHC owns the remaining 60% of the San Lorenzo project company. The San Lorenzo plant is co-located with the Santa Rita power plant and has a capacity of approximately 500 MW. The plant entered full commercial operation in 2002. Electricity is sold to Meralco under a PPA that is effective until 2027. Siemens AG operates the plant.

Both power stations are currently being held for sale and treated as discontinued operations for accounting purposes.

Press Release: 29 September 2010
BG Group agrees to sell its interests in Santa Rita and San Lorenzo power stations in the Philippines