The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Billionaire’s infrastructure firm in lead to provide 500MW pumped hydro plant in Philippines


Prime Infrastructure Capital, owned by Filipino businessman Enrique K Razon, is in line to provide 500MW of pumped hydro power to national utility Meralco.

Prime Infrastructure Capital subsidiary Anuhan Power has gained ‘original proponent’ status for its offer to supply 500MW of power through pumped hydro energy storage (PHES) to national utility Manila Electric Company (Meralco).

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Anuhan’s original proponent status for the project means that third parties can provide competing bids but Anuhan has the right to match any competing proposal. This method of public procurement for big infrastructure projects is sometimes called a Swiss Challenge.

Anuhan has nominated two projects to supply the 500MW of power. The first, Ahunan Pumped-Storage Hydropower Plant Project, is undergoing pre-development by the company in Laguna, a province near Manila. Anuhan expects it to reach commercial operation by Q1 2027, according to information provided in a project description dated May 2021.

It has two separate project stages. Stage I will deliver 700MW of net capacity to the Luzon grid for primary and tertiary reserve ancillary services. Stage II will provide 500MW of capacity for mid-merit services under a Power Supply Agreement (PSA).

The second plant is undergoing pre-development by another company, Olympia Violago Water & Power Inc. (OVWPI), in which Anuhan has agreed to acquire a controlling interest.

The plants have a capability of a minimum guaranteed output of 12 hours a day which would cover Meralco’s peak hours.

It is the second large energy storage project that Prime Infrastructure has moved forward with in the space of a month. In mid-June, it proposed a solar-plus-storage plant which would be one of the largest in the world, with 2,500-3,500MW of solar PV generation and 4,000-4,500MWh of battery storage capacity.

Read Next

June 21, 2024
Rankings by EY of the most attractive markets for renewable energy investment include battery storage, with US, China and UK as frontrunners.
June 20, 2024
NHOA Energy signed an agreement with Statkraft to supply a battery energy storage systems (BESS) for a 113MWh project in Coylton, Scotland.
June 19, 2024
A 25MW/55MWh battery energy storage system (BESS) has been commissioned by operator Renalfa IPP, using technology provided by Chinese firms Hithium and Kehua.
June 18, 2024
Aaron Philipp Gerdemann explores some of the grid-forming technologies emerging as alternatives to traditional solutions for safeguarding the grid.
June 13, 2024
US$5 million will be made available for long-duration energy storage (LDES) projects via a competitive solicitation run by the New York State Energy Research and Development Authority (NYSERDA).

Most Popular

Email Newsletter