by Myrna Velasco August
4, 2016
The power group of
publicly listed Alsons Consolidated Resources, Inc. has awarded a
US$280-million engineering, procurement and construction (EPC) contract to
Japanese firm JGC Corporation for the 105MW expansion of its Sarangani
coal-fired power project.
That forms the second
unit of the plant – bringing total capacity then to 210 megawatts. The first
unit of another 105MW capacity already reached full commercial operation April
this year.
The Yokohama-based
turnkey contractor will work together with its local subsidiary JGCP
Philippines in advancing the project to construction phase and eventual
completion.
The notice-to-proceed
had been served to JGC July 14 this year, according to Joseph Nocos, vice
president for business development of the Alsons Power Group.
During the deal’s
signing ceremony, Alsons Chairman Tomas I. Alcantara symbolically painted the
blank eyes of “goal doll” Daruma, patently “to signify the signatories’
commitment to the completion of Section 2 of the SEC power plant.”
It was stressed that “the
other blank eye of the Daruma will be filled-in upon the completion of the
project.”
Based on timelines set
for the project, the second unit of the Sarangani plant is up for completion by
April 2019.
The facility’s
generated power will be wheeled and delivered to roughly 3.0 million
consumer-residents in South Cotabato, Cagayan de Oro City and other growing
population centers in Mindanao.
The two-unit power
plant project had been funneled total investments of $570 million. It is part
of the US$1.0-billion near-term power development ventures that the Alcantara
group had cast on blueprint.
The company is
similarly advancing to construction phase the proposed 105MW San Ramon
coal-fired power facility in Zamboanga City to also serve the needs for
capacity addition in that Mindanao economic corridor.
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