Aboitiz eyes 300-MW coal plant in Cebu

The plan to build the plant however has yet to be approved by the company's board

SOLVING A CRISIS. The Aquino administration vows to find solutions to the Mindanao energy crisis and put into place sustainable power supply for the region.

MANILA, Philippines – In the hope of augmenting power supply in Visayas, Aboitiz Power Corp. plans to put up a 300-megawatt (MW) coal-fired power plant in Cebu. 

In the Philippine Economic Briefing on Wednesday, February 13, Aboitiz Power President Erramon Aboitiz said the plan however is still at its infancy and is yet to be approved by the company’s board.

“We’re studying the possibility of putting up a 300-MW plant in the island of Cebu but it is still in the development stage,” Aboitiz said. “We don’t have a timetable for that (and) we don’t have board approval yet.”

The project cost for the new facility to be located in Toledo is not yet included in the company’s P85-billion, 4-year power program, which is expected to provide an additional capacity of over 1,000 MW in the country.

Data from the Department of Energy show Visayas will need an additional 2,000 MW by 2030 as it anticipates peak demand to reach 3,270 MW from the current 1,540 MW.

“The P85 billion is a combination of our investments in RP Energy, the Pagbilao 3 expansion, the Therma south coal plant in Mindanao, and some hydros that we’re doing. That all sums up to P85 billion,” Abiotiz earlier said.

Diversified conglomerate San Miguel Corp. is the biggest power producer in the country in terms of their equity share of privately owned power plants’s capacity. It accounts for 22% of total power sold based on attributable capacity. 

In terms of total installed capacity, however, Aboitiz remains the country’s biggest power player. – Rappler.com

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