Sagittarius Mines Inc. and Alsons Energy Development Corp., a subsidiary of the Alcantara Group, have signed an agreement to conduct a joint feasibility study for the possible development of a coal-fired power station in Maasim, Sarangani province.
The planned power plant aims to meet the electricity requirements of SMI’s Tampakan copper-gold project in Tampakan, South Cotabato.
The power plant may be located in the Kamanga Agro-Industrial Ecozone operated by Kamanga Agro-Industrial Ecozone Development Corp. in barangay Kamanga, Maasim.
Under the joint feasibility study, SMI and Alsons Energy will look into the environmental, technical, and financial aspects of the prospective power station. The results of the joint study will help SMI make a final decision on whether Alsons Energy will be selected as the power generation supplier for the Tampakan project. No final decision about a power source for the Tampakan project has been made.
Alsons Energy will also conduct its own technical studies on the facilities needed by SMI. Both parties committed to open engagement with the community ensuring that all aspects of the feasibility study are understood.
SMI and Alsons Energy have also agreed that all prospective infrastructure development and operational procedures will be screened through globally accepted environmental standards and best practices, as well as domestic laws and regulations.
The two welcome active community involvement and encouraged all political, civil society and media stakeholders to participate in the study and notify the parties of any possible concerns, which will be expeditiously and directly answered by Alsons Energy and SMI.
Both parties hope that the community process will be imbued with fairness, transparency and goodwill toward all concerned. source
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