By Danessa Rivera (The Philippine Star) | Updated October 26, 2017 -
12:00am
CONCEPCION, Iloilo ,
Philippines — Peakpower Energy Inc. (PEI) plans to add another 70
megawatts (MW) of peaking capacity across the country after focusing its
developments in Mindanao, a top official said yesterday.
The company sees potential in
developing another 60-70 MW of peaking plants in Luzon, Visayas and Mindanao
next year, PEI president and chief executive officer Roel Castro said.
“Actually there are still prospects
for next year. I just couldn’t say where because we haven’t signed any contract
yet. If I’m not mistaken, a potential of another 60-70 MW,” he said.
Peaking plants are power facilities
that run during peak hours to meet the sudden surge in power requirements in a
grid.
For this year, PEI will complete the
expansion of its existing peaking plants in Mindanao.
“All expansion should be finished
within the year, so that would bring us to a total of 55 MW of peaking plant in
Mindanao,” Castro said.
Under Peakpower Soccsargen Inc., PEI
has completed the 13.9-MW expansion for the existing 20.9-MW
diesel/bunker-fired power plant in Gen. Santos City.
“Our expansion is done, in fact we
have the provisional COC (certificate of compliance) for that. What I think is
it’s a matter of weeks when we will declare commerciality. Well, after some
technical tests are done,” Castro said.
Another PEI unit, Peakpower San
Francisco Inc. is doubling the capacity of its 5.2-MW diesel/bunker-fired power
plant in San Francisco, Agusan del Sur.
Castro said the project will also
start commercial operations after completing technical tests.
Lastly, Peakpower Bukidnon Inc. is
constructing a new diesel-fired power plant with a capacity of 10.4 MW in
Manolo Fortich, Bukidnon.
Castro said the expansion project is
in the final stage of development and should be ready for commercial operations
within the year.
“We are in the final stage of
performance test but we’re scheduling it next month, in November. After that,
that should be ready for commercial as well,” he said.
PEI is a subsidiary of listed A
Brown Co. Inc. (ABCI). Apart from PEI, ABCI also has other energy investments,
including the 2x135-MW coal-fired Palm Concepcion Power Corp. in Iloilo.
ABCI is also a key player in real
estate and agribusiness in Southern Philippines with investments in mining and
infrastructure.
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