Meralco PowerGen Corp. (MGen), the power generation arm of the Meralco Group, earlier proposed the construction of a 670-megawatt plant in La Union and a 660-MW facility in Zambales.
However, MGen Gas Energy Holdings Inc. (MGas) president and CEO Yari Miralao said both facilities are "subject to the coal moratorium and can no longer be coal plants."
"The most prudent thing to do is not necessarily to double down but sprinkle it with a little more love to just convert these things into gas plants for our pipeline," he said.
The La Union and Zambales projects, respectively, are managed by MGen units Global Luzon Energy Development Corp. (GLEDC) and Redondo Peninsula Energy Inc. (RP Energy).
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