SARANGANI Energy Corp., a subsidiary of Alsons Power Corp., said it is on track with the construction of its 105-megawatt (MW) coal fired power plant in Maasim, Sarangani which is expected to come on stream early next year.
Alsons Power said the power plant project will help address the power shortage in Mindanao.
The National Grid Corp. of the Philippines (NGCP) earlier reported that the Mindanao Grid has a 70MW deficiency due to reduced capacity because some power plants in the region are out of commission.
“The story of the energy crisis has been the new normal for people living in Mindanao,” said Alsons.
In several provinces rotating power interruptions have been implemented, causing not just inconvenience to the residents but also negatively affecting local businesses in the area.
To address the problem, various private corporations have invested in the region to help alleviate the energy deficiency.
“One major investment is the Sarangani Energy Coal plant by Alsons Power Corporation located in Maasim which is on track for operation in early 2016,” the firm said.
Once completed, the Sarangani plant is expected to deliver power to the South Cotabato II Electric Cooperative (Socoteco II).
Socoteco II is supplying electricity to General Santos City, Sarangani and the towns of Tupi, Polomolok and Tampakan in South Cotabato.
Its peak demand is estimated to go as high as 115 MW. Demand is increasing at an annual rate of 4.2 percent.
Sarangani Energy project manager Ferdinand Corrales earlier expressed confidence that the project would be completed on time.
He said they have almost completed the common facilities of the two-phase power plant construction.
Korean firm Daelim Industrial Co. won the contract to build the first 105-megawatt plant of the 210-MW power plant complex. The project cost for the first phase, which includes the common facilities, was pegged at P9.3 billion. RITCHIE A. HORARIO