DUMAGUETE, Negros Oriental: The Energy Development Corp. (EDC) on Friday switched on its new 49.4 megawatts (MW) Nasulo geothermal power plant to help address the looming power deficit in the Visayas Region.
EDC chairman and chief executive officer Federico Lopez said the new plant, located in Valencia, will help address the tightening power supply-demand situation in the Visayas Region.
“We are pleased that one of our greenfield projects is now ready to provide clean, reliable and competitively-priced power to the province of Negros Oriental and to our valued customers in the Visayas grid,” Lopez said.
He said the Nasulo geothermal power plant was constructed after EDC decided to close its Negros Occidental plant because it could no longer generate steam.
“The Nasulo plant will help stabilize power supply on Negros Island to lessen the occurrence of blackouts,” he said during the plant’s inauguration.
Based on forecasts by the Department of Energy, power demand in the Visayas will surpass the current capacity of 2,037 MW by 2015.
EDC president Richard Tantoco said that the Nasulo geothermal plant was constructed using equipment from EDC’s Nasuji geothermal plant in Negros Occidental.
He said the new plant will boost the power assets portfolio of EDC and its subsidiaries in Southern Negros, which includes the 112.5 MW Palinpinon I and 80 MW Palinpinon II geothermal plants of Green Core Geothermal Inc.
Tantoco said the new power plant is expected to generate annual revenues of P1.8 billion.
“The Nasulo geothermal plant will help us fulfill the needs of our customers,” said Tantoco.
Energy Secretary Carlos Jericho Petilla, together with EDC officials, led the inauguration of the Nasulo geothermal power plant.
EDC and its subsidiaries are considered as the country’s leading producer of geothermal energy, accounting for more than 60 percent of the total Philippine geothermal capacity.
Besides the Palinpinon and Nasulo plants, the group’s geothermal portfolio includes integrated steam and electricity projects in Leyte, Bicol and North Cotabato with a combined installed capacity of 1,130 MW.
It also partly owns and operates the 132 MW Pantabangan-Masiway hydroelectric plants in Nueva Ecija.
Through a subsidiary, EDC is currently constructing the 87 MW Burgos Wind project in Ilocos Norte.
EDC, formerly owned by the state-owned Philippine National Oil Co., is engaged in the exploration of resources, production of energy, and distribution of power supply to small electricity distributors.