Wednesday, February 15, 2017

Alsons sets EPC contract selection on Zambo project

Published January 29, 2017, 10:01 PM By Myrna M. Velasco

Power group Alsons Consolidated Resources, Inc. (ACR) begun the process of selection for the engineering, procurement, and construction (EPC) contract of its next 105-megawatt San Ramon coal-fired power project in Zamboanga City.
Tomas I. Alcantara, ACR chairman and president said there are already offers from Chinese and South Korean prospective turnkey contractors.
Alcantara also said those involved in the EPC of their 210MW Sarangani coal-fired power project – Japanese firm JGC Corp. and Korean firm Daelim Industrial Co. Ltd. – also indicate interests. “There are several EPC contractors that manifested interests here…there is a Chinese and another Korean, but we are not prepared to disclose,” Alcantara told reporters.
The project, he said, still straddles that phase of cornering the bilateral contracts on the off-take of its eventual generated capacity. “We are just working on the principal cooperative that would be the principal off-taker for the plant,” Alcantara said.
He further qualified that the company has also been “perfecting the PSAs (power supply agreements) that we have,” with the corresponding rates approval by the Energy Regulatory Commission.

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