The plant, which will provide
baseload power to Zamboanga City and nearby areas, is expected to begin operations in 2023.
SRPI Project Manager Engineer Archimedes Donato similarly indicated that "the people of Zamboanga City and nearby areas can look forward to state-of-the-art
baseload power plant right here in the city to provide safe, reliable and affordable electricity.
Once operational, the plant will play a crucial role in providing
baseload power to Zamboanga City and stabilizing power supply in the Zamboanga peninsula.
'Notwithstanding the ongoing requirement for new reliable
baseload generation to support the fast-growing Philippine economy, we believe that the time is right to focus on building our green energy capacity and we intend to be a key player in this expanding sector,' Singson said.
Write the authors, "Nimble generation with low capital, but high marginal, cost is complimentary to renewable energy, while high capital cost
baseload plants are not.".
Because electricity markets are not structured to reflect these changes in technology and policy, these factors reduce the profitability of many existing
baseload electricity plants, particularly nuclear power plants.
Power from wind will often be too little or too much, which does not fulfil the
baseload requirement.
"To do this we need reliable,
baseload power which can ensure there is always a back up when the wind does not blow or the sun does not shine.
Cost effectiveness of wind generation is calculated on average wind energy, and the need for
baseload recognised.
Lester is correct that a carbon price could help make existing nuclear plants more profitable in merchant markets subject to unstable wholesale prices, but more direct and tactical support for low-carbon
baseload power is needed.
"The industry wants to see 10GW of new-build
baseload power plants, but the Government is saying we want 10GW of new plant at a competitive price.