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.
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