By Alena Mae S. Flores | Posted on July 03, 2012 | 12:08am
Therma South Inc., a unit of Aboitiz Power Corp., said Monday it signed contracts with local and foreign companies to build its 300-megawatt coal-fired power plant in Davao.
“The aggregate value of the construction, supply and coordination contracts for the Davao coal project is around $546 million,” Aboitiz Power said in a disclosure to the Philippine Stock Exchange.
The P25-billion coal plant will be constructed in Barangay Binugao, Toril District, Davao City and Barangay Inayawan, Sta. Cruz, Davao del Sur.
Aboitiz Power said the Davao coal project had obtained approval of the Davao City Council and secured an environmental compliance certificate from the Environment Department. The company did not say when it plans to start construction of the plant.
Erramon Aboitiz, Aboitiz Power president, earlier said the proposed 300-MW coal plant would ensure the security of the city’s power supply and comply with strict health and environmental standards.
Aboitiz Power has been developing and operating various power generating plants across the country to help provide power users with reliable, affordable and safe electricity since 1978.
“We have the track record to show that in carrying out our responsibilities in developing and operating these power plants, we have always adhered to high standards of professionalism and integrity and resolutely advanced the well-being of our community and the environment,” Aboitiz said.
He also said Davao City needed long-term power supply security because of the acute power shortage in Mindanao.
“This is the most suitable facility for Davao City as it can answer both the city’s need for a power source that is equipped with proven capabilities to safeguard the health of people and the environment and a dependable power source to fuel its progress and that of its citizenry,” he said. source
No comments:
Post a Comment