Manila Bulletin
By MYRNA M. VELASCO
July 4, 2012, 5:17pm
MANILA, Philippines — The aggregated electricity requirement of the Association of Mindanao Rural Electric Cooperative Inc. (AMRECO) which calls for the construction of a 300-megawatt coal-fired power plant has attracted at least six bidder-groups.
These are AES Corporation, GNPower, Aboitiz Group, AC Energy Holdings of the Ayala Group, Landco Pacific Corporation and Filinvest Development Corporation.
The interested parties attended yesterday’s (Wednesday) pre-bid conference for the proposed power project which is targeted on stream four years after the award to the chosen developer. The auction for the project is slated July 16.
AMRECO is an aggregation of around 20 electric cooperatives in Mindanao, which also took the forefront on pressing for government action in solving the rotating power outages in the grid.
The electric cooperatives opted to aggregate their demand so they can provide a “relatively enticing market” that prospective developers can lean on as to the output of the power project to be set up.
Sources hinted that the 300-megawatt plant for AMRECO will likely be powered by coal, as this is the only feasible option in addressing the baseload supply dilemmas of Mindanao.
Several companies are already moving their projects forward to keep pace with their commitment to end Mindanao power supply problems by 2015.
These include the 300-MW coal fired plant of Aboitiz group and the 300MW plants of the Alcantara group in Sarangani and Zamboanga.
The short-term solutions being offered by government to ease electricity supply shortages in Mindanao remain problematic, primarily the propounded transfer of the power barges being privatized by the Power Sector Assets and Liabilities Management Corporation.
The other capacity shoring up immediately expected in the grid will be the Iligan diesel power plant. Hurdles with the Commission on Audit (CoA) as to the planned repowering of the facility are currently being addressed. source
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