by Lenie Lectura – March 14, 2016
from Business Mirror
SAN Carlos Sun Power (SaCaSun), a subsidiary of Aboitiz Power Corp. (AboitizPower), has completed the construction and commissioning of its 59-megawatt (MW) solar-power project in Negros Occidental.
The solar-power facility, which is now exporting power to the Visayas grid, was completed before the Department of Energy’s (DOE) March 15 deadline for renewable-energy developers to avail themselves of the feed-in-tariff (FiT) rate.
“We have successfully completed the project in San Carlos City, Negros Occidental and we are now exporting power into the Visayas grid,” SaCaSun President and COO Lino M. Bernardo said. “We look forward to working with all of our stakeholders to further contribute to a cleaner-energy future for Negros and for the Philippines as a whole.”
Once it qualifies for the FiT rate, SaCaSun’s clean and renewable-power output will get priority dispatch in the electricity spot market under the FiT rate for solar power at P8.69 per kilowatt hour.
The company plans to conduct a formal inauguration of the solar project in April.
The plant is expected to generate more than 85 gigawatt hours of clean electricity a year, enough to power 27,600 homes. This should help avoid the emission of more than 44,000 tons of carbon dioxide over 20 years—the equivalent of taking around 10,000 cars off the road.
The P4.9-billion project was funded with a mix of equity and debt from BDO Unibank.
SaCaSun is AboitizPower’s first foray into solar power. The company is one of the country’s biggest producers of clean and renewable power through its portfolio of hydroelectric and geothermal-power plants.