. LOPEZLED First Gen Corp. has postponed the delivery of its fifth liquefied natural gas LNG cargo as it still has enough supply, its president said. Right now, we re going through the operation and then there is the Malampaya. We still have the residual gas so we have to deplete residual gas, First Gen President and Chief Operating Officer Francis Giles B. Puno told reporters on Friday last week. In June, First Gen awarded Japanese company TG Global Trading Co. a contract to supply one LNG cargo of approximately 125,000 cubic meters with delivery scheduled this month. We have to defer to a time that we are ready, Mr. Puno said. The LNG will be used by First Gen s four existing gasfired power plants with a combined capacity of 2,017 megawatts mw that have been supplied for many years with gas from the Malampaya field, the country s sole natural gas provider. FGEN LNG Corp., a subsidiary of First Gen, constructed an interim offshore LNG terminal and executed a fiveyear time charter party for BW Batangas to provide LNG storage and regasification services. In April, First Gen awarded a contract to Chinese company CNOOC Gas and Power Trading  Marketing Ltd. from its fourth tender process for one LNG cargo of approximately 130,000 cubic meters. GEOTHERMALOn Friday, First Gen s renewable energy arm Energy Development Corp. officially unveiled its 28.9MW Palayan Binary Geothermal Power Plant in Albay, as part of the expansion of its existing 140 MW BaconManito BacMan facility. The P7billion project was synchronized with the Luzon grid in January and is one of the four geothermal projects targeted to be operational this year. The other projects are the 28MW Mahanagdong Binary in Leyte, 20MW Tanawon Binary in BacMan, and the 5.6MW Bago Binary in Negros Occidental. Sheldeen Joy Talavera
First Gen Corp. delays fifth LNG cargo delivery due to sufficient supply, using residual gas. Contract with TG Global Trading Co. deferred for readiness. LNG for power plants sourced from Malampaya field. Energy Development Corp. inaugurates 28.9MW Palayan Binary Geothermal Power Plant in Albay, part of expansion plans. Multiple geothermal projects to be operational this year.