PEAKPOWER Soccksargen Inc. (PSI), a wholly owned subsidiary of Peakpower Energy Inc. (PEI), commissioned on Wednesday its 20.9-megawatt (MW) bunker-fired power plant in General Santos City to help ensure stable power supply in Mindanao.
The power facility inside the compound of South Cotabato Electric Cooperative II (Socoteco II) in Barangay Apopong will supply the requirements of the local power distributor for the next 15 years.
The franchise area of Socoteco II covers General Santos City, the municipalities of Glan, Malapatan, Alabel, Makungon, Kiamba, Maasim and Maitum in Sarangani and the towns of Polomolok and Tupi in South Cotabato.
Peakpower President Roel Castro said the power plant will help address the electricity shortfall in Mindanao.
“We embarked on projects like these to address the shortfall in the supply of electricity in Mindanao, and we’re very happy to see the hard work of everyone come into fruition here in Peakpower Soccsargen,” Castro said.
He added: “This will help immensely in the development and progress of the region.”
Peakpower is a joint venture of A. Brown Company, Inc., Enterprise Holdings Corp., WorldPower Alliance Ltd. and Power Mavens Holdings Ltd.
Energy Secretary Carlos Jericho Petilla, General Santos City officials, officers of the General Santos Chamber of Commerce and Industry, the management and board members of SOCOTECO II, officers of the project financier Asia United Bank, and other stakeholders witnessed the inauguration of the power generation facility.
In July this year, PSI held a pre-inaugural event to celebrate the placement and unveiling of the bunker-fired engines provided by global manufacturer Wartsila Finland Oy.
Wartsila is a listed corporation in Helsinki, Finland with 170 distribution channels in 70 countries.
Peakpower’s power plant is equipped with three Wartsila 16V32 engines that can run on heavy fuel oil (as main fuel) and light fuel oil (as back-up fuel).
They are designed and developed for continuous operation or for peaking operation with high efficiency.
Peaking operation means a power plant will run only when there is high demand, known as peak demand, for electricity.
Walter Brown, Peakpower chairman, said the commissioning of PSI could not have come at a better time.
“It is the cooperative spirit of the people of General Santos City and the stakeholders of Peakpower that facilitated the completion of this project,” he said.
He said the power plant would help insulate Socoteco II from supply deficiencies that result in rotating brownouts.
The long-term security and reliability of the power supply would mean more competitive rates and a marked improvement in electricity costs for both households and businesses, he added.
“We are hopeful and confident that PSI will be the first of many such success stories of Peakpower in terms of community-building and collaboration,” Brown said.