Aboitiz projects to add 354MW to Mindanao grid by 2015

Aboitiz Power Corp. will build four new power generation facilities to add 354 megawatt to the Mindanao grid by 2015.

The company will invest P35 billion for the projects.

The additional capacity will primarily come from the 300-MW clean coal facility of the company’s subsidiary, Therma South Inc., APC president and CEO Erramon I. Aboitiz explained.

The remaining 54 MW will come from the 14-MW Tudaya, 12-MW Tamugan and 28-MW Sita-Simod hydropower projects, which will be undertaken by another wholly owned subsidiary, Hedcor Inc.

Aboitiz that Mindanao’s power supply woes would continue until 2015, when the company’s power projects, among the other committed power projects lined up in Mindanao, have started commercial operations.

“There is an urgent need to implement a viable power strategy for Mindanao that will attract long-term investments in power, diversify the power sources, and create a competitive supply market,” Aboitiz said.

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