By
Lenie Lectura- May
27, 2018
ALSONS
Consolidated Resources Inc. (Acri) and the National Grid Corp. of the
Philippines (NGCP) have reportedly settled their dispute, paving the way for
the commercial operation of the Sarangani power plant to proceed as scheduled
next year.
This after the grid
operator agreed to connect the power facility to its substation in General
Santos, Acri Chairman and president Tomas Alcantara said.
“They committed to do
the last mile.… They have agreed that they will do it,” he said after the
company’s stockholders’ meeting last week.
Acri earlier wrote
Energy Secretary Alfonso G. Cusi to seek intervention in installing assets for
the connection of Sarangani Energy Corp.’s (SEC) second unit of its 2×105
coal-fired power plant located in Maasim, Sarangani.
Alcantara said SEC has
been requesting NGCP to be allowed to install the necessary facilities in the
NGCP Klian substation to connect Phase II to the grid. The request had been
pending for 15 months, until the Alcantara-led firm brought the matter to the
Department of Energy, Energy Regulatory Commission and National
Transmission Corp. SEC is currently constructing Phase II of its 210-megawatt
(MW) circulating fluidized bed coal-fired power plant and has set
commercial operations on January 15, 2019. In order to meet the timetable, SEC
has to ensure that every aspect of Phase II’s project is completed on time,
including the connection to the grid, stated the letter signed by Acri CEO
Tirso Santillan Jr.
Bulk of the company’s
P9-billion capital expenditure (capex) this year has been set aside to fund SEC
Phase II power project, Acri CFO Robert Yenko said.
“This year, we’re
completing bulk of SEC2. So, that should be around P7 billion,” he said.
The $570-million SEC
power plant is the single-largest power investment in Sarangani Province and
the entire Region 12.
Yenko said the company
may allocate P1 billion to partly finance its hydropower project along
Siguil River in Sarangani province.
The 15.1-MW
run-of-river hydroelectric power plant project, estimated to cost P3.9
billion, is targeted for completion by the second half of 2020.
Construction is scheduled to commence within the third quarter of the year.
Acri will also tap up
to ¥700 million from a Japanese government and take in Toyota Tsusho Corp.
as a partner for the hydropower project.
The remaining amount
for this year’s P9-billion capex will go to San Ramon Power Inc. (SRPI)
baseload plant in Zamboanga City.
The SRPI plant will
provide baseload power to Zamboanga City and other nearby areas. It is
scheduled to commence commercial operations in 2021.
ACR currently operates
four power facilities, with a combined capacity of 363 MW, in Mindanao. It
targets to have a total capacity of 588 MW by 2021, which it said is equivalent
to 25 percent of Mindanao’s projected peak-power demand by that year.
No comments:
Post a Comment