(The Philippine Star) | Updated March 4, 2013 - 12:00am
MANILA, Philippines - AboitizPower, the power arm of the Aboitiz Group, said the construction of several projects in Mindanao is now in full swing as the company targets to complete the new power facilities by 2015 to support the hard-up Mindanao grid.
The company has committed P35 billion in new investments to add capacity to Mindanao, which is experiencing an acute power shortage on a daily basis, AboitizPower said.
The shortage is expected to worsen during the summer months because of the falling water level in Lake Lanao.
The company’s subsidiary, Therma South Inc., which is building a 300-MW, 24/7 baseload coal power plant in southern Davao City, has deployed close to one thousand workers on its construction site and is expecting to raise the manpower requirements in the next few months, said Therma South president and chief operating officer Benjamin Cariaso Jr.
“This power plant will hopefully bring a long-term solution to ongoing power crisis, by providing 300-MW of reliable baseload power to Mindanao power users thru the electric cooperatives which have and will sign up with us,” Cariaso said.
“Host barangays and local government units as well as various government agencies, we are on our way in meeting our committed completion target in 2015,” he added.
Another AboitizPower subsidiary, Hedcor Inc., is also on track with the construction of its Tudaya 1 and 2 run-of-river hydro power plants with more than 300 workers on the two sites in barangays Astorga and Sibulan, both in Sta. Cruz Davao del Sur.
The two facilities will generate a combined 13 MW of reliable and renewable power. The two facilities will be completed by 2014.
“Aside from our goal of supplying renewable power to our customers, we have given livelihood opportunities and development projects to our far-flung host communities, which make us extra proud of our project,” Hedcor chief operating officer Rene Ronquillo said.
He said Hedcor is also planning other projects that will add renewable capacity to the grid in the medium term.
Hedcor currently supplies 155 MW of renewable hydro- power to Luzon and Mindanao. source
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