By Alena Mae S. Flores Posted on Oct. 29, 2012 at 12:01am
Davao Light and Power Co., the largest electricity distributor in Mindanao, signed a 100-megawatt power supply agreement with Therma South Inc. to secure power supply in Davao City and neighboring areas.
The agreement commits 100 MW to Davao Light once the construction of the 300-MW clean coal power plant of Therma South in Davao City is completed by June 2015. Both Davao Light and Therma South are controlled by Aboitiz Power Corp., one of the country’s largest power companies.
“We are happy to have earned the confidence of Davao Light and we will do our best to build and deliver our power plant as scheduled. The people of Davao have welcomed our investment and it is just right that they reap the benefits of the power that we will produce,” Therma South chief operating officer Benjamin Cariaso Jr. said.
Davao Light has an estimated peak demand of 290 MW, serving over 300,000 customers in the cities of Davao and Panabo as well as the neighboring towns of Carmen, Dujali and Sto. Tomas.
“We have the advantage of having already started our construction and we will ensure that we will build a world-class power plant that the people of Mindanao will be proud of,” Cariaso said.
“The combination of rapid economic growth in the Davao Light franchise area and the expected deteriorating supply from the National Power Corp. require us to act responsibly and secure this power now and ensure the power needs of Dabawenyos in the future,” Davao Light executive vice president and chief operating officer Arturo Milan said.
“This unprecedented economic growth in Davao City needs electric power and we in Davao Light will do our best that this power is delivered reliably and the progress of our city goes unhampered,” he said.
Cariaso said Mindanao was facing a critical power shortage and the situation could only get worse as the region’s power demand increased. “TSI will deliver much-needed power by 2015,” Cariaso said.
Milan and Aboitiz Power vice president for sales and marketing Roland Gaerlan signed the deal on Oct. 25.
The two companies will submit the power supply contract to the Energy Regulatory Commission for approval.
Therma South is using the latest circulating fluidized-bed technology to ensure power plant operations meet stringent government environment emission standards.
Another subsidiary, Hedcor, is also maximizing renewable energy sources on hydropower plants with a combined capacity of 11.6 MW being constructed in Davao del Sur. Several other projects are in the pipeline to bring the total additional renewable energy capacity to 54 MW by 2015. source
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