Therma Visayas says it starts delivering energy to the grid - EcoFinBiz Blog

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Therma Visayas says it starts delivering energy to the grid

THE first unit of the 340-MW baseload power facility in Toledo City, Cebu is now online. — ABOITIZ POWER CORP.

THE first 170-megawatt (MW) unit of Therma Visayas, Inc. has started delivering energy to the grid, the company’s parent firm told the stock exchange on Tuesday, adding to much-needed power after the recent supply deficiency problems.

“We are happy to have brought Therma Visayas online just in time to support the government’s call for more reliable energy supply as we head towards the midterm elections,” said Danel C. Aboitiz, president and chief operating officer of Aboitiz Power Corp.’s coal business unit, said in a statement.

The unit’s output, at a net of 150 MW, comes a month before the second 170-MW unit of the coal-fired power plant in Toledo City, Cebu goes online.

“By having a reliable baseload plant on the island of Cebu, the residents and investors on the island will enjoy a number of economic and strategic benefits that include increased energy security, more competitive prices, and local employment,” Mr. Aboitiz said.

The two-unit plant will deliver power to Visayan Electric Co., Inc. and electric cooperatives, as well as to open-access customers in Luzon and the Visayas, the company said.

It added that customers with energy supply contracts could expect stable electricity prices in the long term as they are protected from the volatile prices at the Wholesale Electricity Spot Market.

AboitizPower said the Toledo power plant is using the latest circulating fluidized-bed technology and best available control technology to minimize emissions to world-class levels.

“It is the second plant in the Philippines to build a ‘coal dome’ to safely store its coal fuel and prevent fugitive dust outside the facility,” it said.

The project, a joint venture between AboitizPower and Vivant Corp., started construction in 2015. At its peak, it employed about 5,800 people, mostly from the host community.

Later this year, AboitizPower expects the first unit of its 668-MW GNPower Dinginin Ltd. Co. to also go online. The second unit of the two-unit super-critical coal-fired power plant in Dinginin, Bataan is targeted for commercial operations in 2020.

“Once operational, these facilities will boost AboitizPower’s capacity and help address the country’s rapidly increasing demand for reliable and cost-efficient power,” the listed company said. — Victor V. Saulon

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