GLOBAL Business Power Corp. (GBPC), the power generation arm of GT Capital Holdings Inc., is considering expanding outside the Visayas Region.
According to Jaime Azurin, chief finance officer and executive vice president of GBPC, which is one of the largest independent power producers in the Visayas, they are planning to put up a coal-fired power plant in Luzon.
Azurin, however, declined to provide the exact location and the timeline of the power project.
“It will be constructed very soon. I cannot tell you because a lot of people are looking for a safe spot,” he told reporters.
The planned coal plant, he added, should be bigger in size to be able to lower the cost of electricity produced.
For such project, Azurin said they are working with power distributor Manila Electric Company (Meralco).
Meralco ‘s power generation subsidiary PowerGen Corp. (MGen) has a 22 percent interest in GBPC.
“So that’s what we’re working on. A lot has been said on Luzon but nobody has started,” he said.
GBPC currently operates power plants in the Visayas including the 164-megawatt Panay Energy coal plant, the 246-MW Cebu Energy Development Corp. coal plant, and the 109-MW Panay Power Corp. diesel power plant.
In addition, it also operates the 7.5-MW GBH Power Resources Inc. diesel power stations and Toledo Power Co.’s 60-MW coal plant and 40-MW diesel power plant.
GBPC also plans to enter the renewable energy (RE) sector this year through a 40-MW biomass facility in Negros Occidental, which is a joint venture between GBPC and Roxas Holdings Inc. (RHI) of La Carlota.