By Danessa Rivera (The
Philippine Star) | Updated October 19, 2016 - 12:00am
MANILA, Philippines – Redondo
Peninsula Energy Inc. (RP Energy) has sealed construction and supply contracts
with a local company and a Korean firm to build its 2x300-megawatt (MW)
coal-fired power plant in Subic, Zambales.
RP Energy signed a construction
contract with Azul Torre Construction Inc. and a supply contract with Korean
firm Doosan Heavy Industries & Construction Co. Ltd., Aboitiz Power Corp.
disclosed to the Philippine Stock Exchange yesterday.
“The power plant is projected to go
online by mid-2020,” it said.
RP Energy is a consortium composed
of Meralco Powergen Corp. (47 percent), AboitizPower unit Therma Power Inc. (25
percent) and Taiwan Cogeneration International Corp. (25 percent).
Azul Torre is a recently
incorporated local construction company based in Subic, Zambales where Doosan
Heavy Industries has a stake in.
Meanwhile, Doosan Heavy Industries
has built over 300 nuclear, thermal, combined cycle and hydropower plants
around the world.
Last week, AboitizPower president
and COO Antonio Moraza said pre-construction works have already started for the
first 300 MW of the 600-MW RP Energy project in Subic.
The project is targeted for groundbreaking
by mid-January 2017, he said.
After much evaluation, RP Energy
decided to stagger the construction of the Subic power facility due to the
pending resolution of its transmission problems.
The power plant was originally
targeted to be online in 2016, but faced strong opposition from environmental
groups which filed a writ of kalikasan case in 2012.
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