WITH power supply in the Cebu-Negros-Panay grid thinning, the Aboitiz Power Corp. will build another coal-fired power plant in Toledo City that would add 340 megawatts (MW) into the grid by 2017.
In a statement, Aboitiz Power said its subsidiary, Therma Visayas, Inc. (TVI), recently signed an Engineering Procurement and Construction (EPC) contract with Hyundai Engineering Co., Ltd and Galing Power Energy Co. Inc. for the construction of the power plant in sitio Looc in barangay Bato in Toledo City.
“Upon signing the EPC contract, TVI will be issuing a limited Notice to Proceed to perform design engineering and detailed physical data collection in preparation for the construction of the P41 billion, 300MW net capacity baseload power plant,” said Aboitiz Power chief executive officer Erramon I. Aboitiz.
He added that the project’s generating equipment will consist of two 170MW steam turbines and two circulating fluidized bed (CFB) boilers.
“We look forward to working closely on this project with our EPC contractor and the local community to ensure we deliver a quality power plant on time. This project will assure Cebuanos that we will have adequate and competitively priced baseload power supply in the island by 2017. This is a very important project for the Visayas grid,” Aboitiz said.
The Department of Energy projects 2016 to 2018 to be a critical period for the Visayas grid. The TVI project has been expedited to meet this looming power deficit.