Manila BulletinBy: James A. LoyolaPublished: March 6, 2013
The Alcantara Group is a long standing developer, owner and operator of power generation facilities in Mindanao, with an established record of operational experience and technical expertise.
Alsons Energy Development Corporation (AEDC) – a subsidiary of Alsons Consolidated Resources, Inc. (ACR) – and Sagittarius Mines, Inc. (SMI), have entered into an agreement for the provision of electrical power to SMI’s proposed mining operation in Tampakan.
SMI selected AEDC as its preferred power generation supplier following studies into the technical, environmental and commercial viability of a range of power generation options.
Under the agreement, AEDC will develop a new 400 Mega Watt (MW) open cycle gas turbine and coal-fired power station, located in the Kamanga Agro-Industrial Ecozone at Barangay Kamanga in Maasim, Sarangani to supply the proposed mine.
The new power facility will be owned and operated by A/S Power Development, Inc. (APDI) – an ACR power subsidiary specifically organized to establish and manage the 400 MW plant.
As part of the process for securing an environmental compliance certificate (ECC) for the APDI plant, AEDC consulted with stake holders regarding its plans for the facility in September 2012.
SMI and AEDC are committed to ongoing stakeholder engagement, characterized by open, fair and transparent dialogue, regarding their development plans.
Other preliminary project development undertakings for the power facility, such as project financing, are expected to start within the year.
The APDI power plant will be able to ramp up power generation by 2017 and the plant is expected to be fully operational by the middle of 2019.
The agreement is subject to SMI securing the necessary community, government and shareholder approvals for the Tampakan Project. source
SMI selected AEDC as its preferred power generation supplier following studies into the technical, environmental and commercial viability of a range of power generation options.
Under the agreement, AEDC will develop a new 400 Mega Watt (MW) open cycle gas turbine and coal-fired power station, located in the Kamanga Agro-Industrial Ecozone at Barangay Kamanga in Maasim, Sarangani to supply the proposed mine.
The new power facility will be owned and operated by A/S Power Development, Inc. (APDI) – an ACR power subsidiary specifically organized to establish and manage the 400 MW plant.
As part of the process for securing an environmental compliance certificate (ECC) for the APDI plant, AEDC consulted with stake holders regarding its plans for the facility in September 2012.
SMI and AEDC are committed to ongoing stakeholder engagement, characterized by open, fair and transparent dialogue, regarding their development plans.
Other preliminary project development undertakings for the power facility, such as project financing, are expected to start within the year.
The APDI power plant will be able to ramp up power generation by 2017 and the plant is expected to be fully operational by the middle of 2019.
The agreement is subject to SMI securing the necessary community, government and shareholder approvals for the Tampakan Project. source
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