Doosan Enerbility, Collaboration on Nuclear Power, SMR, and Gas Turbine Development in the Philippines

Signed MOU with Meralco, the Largest Power Company

Doosan Enerbility is strengthening cooperation with Philippine companies to expand power facilities in the Philippines.

On the 7th (local time), during President Yoon Suk-yeol's state visit to the Philippines, Doosan Enerbility attended the 'Korea-Philippines Business Forum' held in Manila, Philippines, and announced on the 8th that it signed two memorandums of understanding (MOUs) for comprehensive cooperation with Philippine power companies.

Doosan Enerbility accelerated cooperation with Meralco, the largest power company in the Philippines, in the field of power generation infrastructure at the 'Korea-Philippines Business Forum' held in Manila, Philippines on the 7th (local time). Christina Aldeguer Roque, Minister of Trade and Industry of the Philippines (from left), Meralco Senior Vice President Roni Aperocho, Doosan Enerbility Vice Chairman Jung Yeon-in, and Deputy Prime Minister for Economy Choi Sang-mok (Photo by Doosan Enerbility)

Doosan Enerbility agreed to cooperate with Meralco, the largest power company in the Philippines, focusing on nuclear power, small modular reactors (SMR), and gas turbines in the Philippine power infrastructure sector.

It will also collaborate with the private power producer Quezon Power to promote a combined cycle power plant project in the Philippines. The two companies plan to build a 1,200 MW-class natural gas combined cycle power plant in the Quezon area, including gas turbines that can be converted to hydrogen turbines. Quezon Power will be responsible for project development such as power sales, regulatory permits, and approvals, while Doosan Enerbility plans to cooperate in design, procurement, and construction (EPC), including supplying the main power plant equipment.

The Philippines uses the same 60Hz frequency as Korea, making it favorable for exporting Korean-type gas turbines. Doosan Enerbility is strengthening its marketing efforts to expand its presence in the Philippine market.

In June, Manuel Velez Pangilinan, chairman of Meralco, and key executives visited Doosan Enerbility’s headquarters in Changwon to review production capabilities. Last year, potential clients including the Philippine Department of Environment and Natural Resources, Meralco, and developer Aboitiz were introduced to Korean-type gas turbines and hydrogen turbines in Manila.

Jung Yeon-in, Vice Chairman of Doosan Enerbility, said, "We have established an important milestone to accelerate cooperation with major Philippine power companies during a time of strengthening economic cooperation between the two countries," adding, "We will continue to enhance our competitiveness to become a reliable partner in the Philippine power market."

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