posted July 13, 2016 at 11:05 pm by Alena Mae S. Flores
FDC Misamis Power Corp. of the
Filinvest Group said Wednesday it successfully synchronized the first unit of
its 405-megawatt coal-fired power project with the Mindanao grid.
The start of operations of the power
plant is expected to support the increasing power needs in the region, the
company said.
“This is in line with the Duterte’s
administration’s thrust to promote regional growth most especially in
Mindanao,” FDC Misamis vice chairman Andrew Gotianun Jr. said in a statement.
The power plant at Phividec
Industrial Estate in Villanueva, Misamis Oriental is a multi-billion-peso
investment of the Gotianun Group that uses the circulating fluidized bed boiler
technology.
FDC Misamis is a subsidiary of FDC
Utilities Inc. and a member of Gotianun’s Filinvest Development Corp.
“Commercial operation is expected
after the completion of reliability tests in the coming weeks,” FDC Misamis
head Juan Eugenio Roxas said.
Roxas said the project was critical
in bringing in much needed power to the Mindanao grid.
“We deeply appreciate the commitment
and dedication of our FDC team, as well as our contractors, to meet our
assurance to deliver power to our customers at the soonest time possible,”
Roxas said.
FDC Misamis secured contractual
commitments for more than 80 percent of the project’s net capacity with various
distribution utilities and large industrial customers in Mindanao.
“This will help ensure the supply of
reliable and competitively-priced power for the province and the rest of the
region,” Roxas said.
FDC Utilities president and chief
operating officer Mario Pangilinan said the power plant was also expected to
help secure investment potentials in Mindanao.
“Mindanao needs to grow like the
rest of the country like Luzon and Visayas. And one of the things needed
for the growth is attraction of investors through more power facilities,” he
said.
Pangilinan said the project
would support the direction of newly appointed Energy Secretary
Alfonso Cusi said.
Cusi said he was tasked by President
Duterte to ensure the electrification of the countryside.
“I will strive to do my best to help
the Duterte administration achieve electrification of the entire country,
ensure reliable, steady and affordable power supply and work towards greater
energy self-sufficiency as part of its agenda of sustained economic growth,
social progress and political stability in the next six years,” said Cusi.
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