by Myrna Velasco, 10 April 2015
from Manila Bulletin
The 340-megawatt Toledo coal-fired power project of the Aboitiz group and its partner Vivant Corporation in the Visayas grid has finally advanced into construction phase.
In an announcement to the media, Aboitiz Power (AP) project vehicle Therma Visayas Inc. (TVI) has noted that the plant, which shall have net capacity of 300MW, is targeted on stream around 2018.
Fundamentally, this will become part of the solution for Visayas grid’s need for capacity addition in the short to medium-term.
According to Therma Visayas president and chief operating officer Benjamin A. Cariaso Jr., “the notice to proceed to contractors was issued in March 2015.”
Given that the region’s economic growth has been picking up pace, he noted that the facility will be a concrete answer to the grid’s capacity shoring up requirement to underpin demand hike.
Cariaso stressed “Cebu and Visayas region have achieved a rapid growth in economy and in order to sustain this momentum, reliable power is needed.”
The deal for the project’s engineering, procurement and construction (EPC) contract was inked last year with Hyundai Engineering Co. Ltd. and Galing Power Energy Co. Inc.
As culled from the project design, the facility shall be equipped with two steam turbines at a capacity of 170 megawatts each. It will be anchored by circulating fluidized bed (CFB) boilers.
The preferred technology deployment, according to Therma Visayas, will ensure that the power plant will meet government-imposed and international standards when it comes to emissions and other environment-related prescriptions.
Visayas was noted by the energy department “having the least investments’ when it comes to greenfield power projects. Nevertheless, it can draw its additional power from Luzon – when there is capacity surplus in the biggest power grid – due to the link-up of the power transmission system in the two grids.