Listed Ayala-owned Enex Energy Corp. said over the weekend it is looking for partners for Service Contract 55 in the West Philippine Sea and its 1,100-megawatt combined-cycle gas turbine power plant in Batangas.
“The company’s oil and gas exploration contract, SC55 continues to be under force majeure given geopolitical issues associated with the West Philippine Sea. With that said, we continue to explore bringing in the right partner or sponsor to undertake the exploration and development activities once it is possible to do so,” Francia said.
“Our investee company, Batangas Clean Energy , continues to develop the 1,100-MWcombined cycle gas turbine project in Batangas province, which is awaiting a competitive selection process in order to secure a customer offtake contract,” he said.