Manila Times.net
THE Korea Power Electric Corp. (Kepco) on Monday announced the successful completion of its new power plant in Cebu, making it the fourth largest electricity supplier in the Philippines.
In statement, Kepco said the 200-megawatt power plant costs $451 million and took three years to build.
“During its three years of construction, the plant contributed greatly to the Philippines’ economy, hiring an average of about 2,000 local workers a day while also helping resolve the problem of power shortages,” the company said.
The power plant is expected to boost Kepco’s capacity at 2,050 MW or almost 15 percent of the total power consumption in the Philippines.
The Korean power firm has partnered with the SPC Power Corporation for the construction and future operations of the power plant, with Kepco owning a 76 percent stake in the joint venture.
The completion of the thermal power plant was marked in a ceremony attended by President Benigno Aquino 3rd and some 200 other Philippine officials and guests, Kepco said.
The power plant—located in Barangay Colon in Naga City, Cebu—uses clean coal technology and is expected to provide 11.24 percent of the Visayas Grid’s power requirements.
It is equipped with Circulation Fluidized Bed Combustion technology, which is intended to reduce generated greenhouse emissions while offering cost savings in its operation.
James Konstantin Galvez
No comments:
Post a Comment