July 17, 2016
from Business Mirror
THE Aboitiz-led Aseagas Corp. secured the go-ahead of regulators to develop and own a dedicated point-to-point limited transmission line to connect the 8.8-megawatt (MW) Aseagas Lian biomass power plant to the Luzon grid.
The proposed transmission facility costs P12.76 million.
“The application filed by Aseagas for the authority to develop and own a dedicated point-to-point limited transmission line to connect the Aseagas Lian biomass power plant of the 69-kiloVolt Calaca-Nasugbu transmission line of the National Grid Corp. of the Philippines [NGCP] is, hereby, approved,” the Energy Regulatory Commission (ERC) said in its 12-page order.
The proposed transmission line will be utilized by Aseagas’s biomass-power plant to connect and deliver its generated power to the Luzon grid through the NGCP transmission line via tap connection.
The ERC said Aseagas’s application is in accordance with the provisions of Section 9 Paragraph 3 of the Electric Power Industry Reform Act and other issuances of the ERC and will redound to the benefit of the power consumers in terms of continuous, quality, reliable and efficient power supply.
The proposed transmission-line project is said to be the most economical and feasible option to connect the power plant to the transmission system.
Aseagas said the construction of the line will be funded internally and externally from a pool of generated funds.
Earlier, Aboitiz Equity Ventures Inc., the investment holding firm of the Aboitiz Group, said its board approved the sale of all of its equity interests in Aseagas to Aboitiz Renewables Inc., a wholly owned subsidiary of Aboitiz Power Corp. which houses the group’s renewable-energy projects, such as run-of-river, geothermal and solar developments.