Tuesday, 11 May 2010

Metrobank unit mulls over 82-MW coal plant in Bohol

by Alena Mae S. Flores
Manila Standarad
http://www.manilastandardtoday.com/insideBusiness.htm?f=2010/may/11/business5.isx&d=2010/may/11

Cebu Energy Development Corp., a consortium led by the Metrobank Group, plans to build an 82-megawatt coal-fired power plant in Bohol to help augment supply in the island, an official said.

Carlos Itable, Bohol Electric Cooperative Inc. I general manager, said Cebu Energy met with representatives of the electric cooperative to discuss the possibility of putting up a coal plant on the island.

“I told them they should put up a plant here because we still have a shortage of 60 MW,” Itable told reporters. He said Cebu Energy might start constructing the coal plant next year.

Boheco I is currently experiencing a power shortage as a result of the El Niño’s weather phenomenon, which has dried up most hydroelectric facilities.

Itable said Bohol’s power demand was expected to go up with the entry of a Korean ship repair facility and more establishments and industrial plants start to pour in investments in the island.

He said the board of Boheco I had already approved plans to source electricity from Cebu Energy.

“The board approved that we get 14 MW for baseload from Cebu Energy,” he said.

Cebu Energy is a joint venture among Global Business Power Corp. of the Metrobank Group, Aboitiz Power Corp., Vivant Corp., and Formosa Heavy Industries of Taiwan.

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