Published July 29, 2018, 10:00 PM By Myrna M.
Velasco
Alsons Power of the Alcantara group
has tapped Filipino firm Sta. Clara International Corporation as the
engineering, procurement and construction (EPC) contractor of its 15-megawatt
Siguil hydropower project in Sarangani province.
The P3.7-billion hydropower facility
is targeted to be on stream by 2020 based. Start of project construction is
scheduled soon.
The EPC agreement was sealed between
Alsons Power Group chief executive Tirso G. Santillan and Sta. Clara
International Chairman and Managing Director Nicandro G. Linao. The cost of the
contract was not revealed to the media.
The Alcantara group has forthrightly
indicated that the Siguil project will just be the firm’s kick-off venture into
hydropower development.
The company has cast a longer
project development trajectory that calls for up to 200MW installations in the
hydropower technology sphere.
“Alsons Power has identified and
intends to develop specific sites in Mindanao and Negros Occidental with a
hydro potential totaling around 200MW,” the company has emphasized.
The Siguil run-of-river hydro
project will be sited in Maasim, Sarangani – and its capacity will be sold to
interested off-takers (capacity buyers) via power supply deals.
Despite the extension of the
feed-in-tariff (FIT) incentive for hydro technology, the project-sponsor firm
indicated that it prefers underwriting contracts for its generated electricity.
Aside from this hydropower venture,
the Alcantara group is also pushing to completion the second unit of its
Sarangani coal-fired power plant that will be yielding additional 105MW
capacity for Mindanao grid.
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