By Alena Mae S. Flores Postedon Jun. 04, 2013 at 12:01am
Palm Concepcion Power Corp., a joint venture between A Brown Co. Inc. and Jin Navitas Resource Inc., a company controlled by Jacinto Ng Jr. of the Rebisco Group, may begin construction of a 135-megawatt coal plant in Concepcion, Iloilo as early as this week.
Roel Castro, president of Palm Thermal Consolidated Holdings Corp., a unit of A Brown, said in a statement the company would issue a notice to proceed to the general engineering, procurement and construction contractor on June 7.
Palm Concepcion on Friday informed executives of electric cooperatives in Negros Occidental and Negros Oriental on the status of the company’s 135-MW coal-fired power plant project estimated to cost P12.5 billion.
“We are very pleased that our customers here in Negros were all out to support this project, especially now that the construction will be starting in the coming weeks,” Castro said.
Palm Concepcion said NLSC, the consortium of First Northeast Electric Power Engineering Corp. of China, Liaoning Electric Power Survey & Design Institute and Shenyang Electric Power Design Institute Co. Ltd., was ready to begin work on the project.
Castro said the company plans to complete the project by early 2016 in time for the increased power supply requirements of the Visayas region.
“We’d like to assure our customers that we will deliver this project as committed because we understand the power situation and the power capacities needed by the time the Concepcion plant is operational,” Palm Concepcion chairman Walter Brown said.
The Concepcion project involves the construction of two units of 135-MW stations using coal as the primary fuel.
Palm Concepcion earlier signed a coal supply contract with PT Pevensey Indonesia.
Jakarta-based PT Pevensey markets coal, iron ore, carbon products and supplies the fuel to power plants in China, India and the Philippines. source
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