Friday, September 27, 2019

Davao power coop starts P1 billion projects


Danessa Rivera (The Philippine Star) - September 27, 2019 - 12:00am

MANILA, Philippines — Davao del Norte Electric Cooperative Inc. (Daneco) will start constructing electrification projects valued at P1.1 billion in November as part of efforts to improve energy supply in the region.
Daneco broke ground on the 69 kilovolts overhead subtransmission line for a submarine cable connection; the installation of the 72 kV submarine cable, and the 20 MVA substation on Samal Island.
These projects will be financed by the Bank of Commerce, a subsidiary of San Miguel Corp. (SMC).
The power coop is also working with the local government units of Pantukan and Igacos and the National Grid Corp. of the Philippines (NGCP) for the projects.
Daneco acting general manager Mario Angelo Sotto said the installation of submarine cable would commence right after the bidding process, and would be completed in one year.
He also assured there would be no electricity rate change after completion of the project.
The submarine cable will run 11.5 kilometers from Pantukan, Compostela Valley to Aundanao, PeƱaplata in Igacos.
On the other hand, the 20 MVA substation to be built in PeƱaplata, will cater to the growing power demand of Samal Island.
“We are looking forward to a reliable service, efficient system, and hopefully, affordable electricity rate, if not cheap. This will realize economic and social development for all the constituents of the two provinces of Davao del Norte and Davao de Oro,” said National Electrification Administration chief Edgardo Masongsong.
Masongsong said the electrification projects are expected to boost the economic and tourism activities on Samal Island, and unlock many opportunities for the residents.
“The power demand on Samal Island alone is expected to reach 35 megawatts (MW) from the existing 10 MW,” he said.
Meanwhile, Daneco also broke ground for the construction of its new office building in Tagum City.
The new office building, which will be funded by the NEA under its enhanced lending program, will be located in Tipaz, Magugpo East, Tagum City. The two-story building is expected to be completed in one year.

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