Gen X Energy, ACE Enexor to develop LNG and green hydrogen fueled power plant in Philippines
The project will be capable of using natural gas and green hydrogen as its fuel to provide firm power to the grid to meet the Philippines’ growing energy demand and reduce the country's reliance on coal fired power generation.
The joint venture will result in Gen X Energy and ACE Enexor each holding a 50% interest in BCE.
The project will be strategically located in the Batangas Bay Area of the Philippines, close to the load center of Metro Manila. Gen X Energy will continue holding a 50% interest in BCE through its wholly owned subsidiary Red Holdings B.V. ■