By Danessa Rivera (The Philippine Star) | Updated February 22, 2017 - 12:00am
MANILA, Philippines - Aboitiz Power Corp. is completing over 800 megawatts (MW) of power projects this year – from renewable energy developments to coal-fired power plants – as it pursues to balance its energy portfolio by 2020.
The company is set to complete five projects with a total capacity of 828.3 MW this year which underlines the company’s strategy to have a wide and diverse portfolio of generating assets to help answer the country’s need for power, AboitizPower president and COO Antonio Moraza said in a statement.
These include the 69-MW Manolo Fortich hydropower plant in Bukidnon, and the 8.5-MW Maris Canal hydro project in Isabela through its subsidiary SN AboitizPower.
Together with its partners, AboitizPower is also in the process of completing the 340-MW Therma Visayas baseload power plant in Toledo, Cebu and the 400-MW Pagbilao power plant expansion.
AboitizPower has partnered with Vivant Corp. for the Toledo power project while the Pagbilao plant expansion is in partnership with TeaM Energy Corp.
The company is also in the process of commissioning the 8.8-MW biomass power plant in Lian, Batangas.
These projects will help the company meet its target of achieving 4,000-MW net sellable capacity by 2020.
AboitizPower’s thrust in developing a diverse portfolio supports the government’s efforts to bring in more supply from different technologies, Moraza said.
“That has always been part of strategy – to tap renewable energy as long as it is available and cost-effective for the consumers, but at the same time utilize the reliability of thermal power plants,” he said.
“At the end of the day, this will encourage more options and competition for the lowest price and better service. The end-consumers will be the winners,” the company official said.
At present, AboitizPower has 3,350 MW of sellable capacity. Of the total, 39 percent comes from its renewable power plants such as geothermal, large hydro, run-of-river hydro and solar power plants.
The company also operates a number of coal power plants for baseload capacity and oil-fired power plants for reliable peaking supply.