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MANILA, Philippines - Korea Electric Power Corp. (Kepco), South Korea’s state-run firm, is now the fourth largest electric power supplier in the Philippines after completing its 200-megawatt (MW) coal-fired plant in Cebu.
In a statement, Kepco said with the new power plant, it now contributes 15 percent of the country’s power requirement with a supply capacity of 2,050 MW.
The company started the construction of the Cebu-based power facility three years ago and spent about $451 million for the coal-run power plant.
“During its three years of construction, the plant contributed greatly to the Philippines’ economy by hiring an average of about 2,000 local workers a day while also helping resolve the problem of power shortages,” Kepco said.
For the construction and future operations of the plant, Kepco established KSPC, a joint venture with local power firm SPC Power Corp. The South Korean company has a 76-percent stake in the joint venture.
Last month, the Energy Regulatory Commission (ERC) approved the issuance of a certificate of compliance (COC) to KSPC’s 100-MW Unit 2 Cebu coal-fired power plant in Colon.
The facility is a clean coal-fired power plant that uses circulation fluidized bed combustion (CFBC) technology which reduces the generated greenhouse emissions resulting in cost savings in its operation.
The power plant is expected to provide 11.24 percent of the requirements of the Visayas grid, leading to significant improvements in the power supply to the islands of Cebu, Negros and Panay.
In a statement, Kepco said with the new power plant, it now contributes 15 percent of the country’s power requirement with a supply capacity of 2,050 MW.
The company started the construction of the Cebu-based power facility three years ago and spent about $451 million for the coal-run power plant.
“During its three years of construction, the plant contributed greatly to the Philippines’ economy by hiring an average of about 2,000 local workers a day while also helping resolve the problem of power shortages,” Kepco said.
For the construction and future operations of the plant, Kepco established KSPC, a joint venture with local power firm SPC Power Corp. The South Korean company has a 76-percent stake in the joint venture.
Last month, the Energy Regulatory Commission (ERC) approved the issuance of a certificate of compliance (COC) to KSPC’s 100-MW Unit 2 Cebu coal-fired power plant in Colon.
The facility is a clean coal-fired power plant that uses circulation fluidized bed combustion (CFBC) technology which reduces the generated greenhouse emissions resulting in cost savings in its operation.
The power plant is expected to provide 11.24 percent of the requirements of the Visayas grid, leading to significant improvements in the power supply to the islands of Cebu, Negros and Panay.
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