by Lenie Lectura, 10 April 2015
THERMA Visayas Inc. (TVI) and Vivant Corp. (Vivant) announced Friday the start of the construction of the 340-megawatt (MW) thermal power plant in Toledo City, Cebu.
TVI is a joint venture between listed companies Aboitiz Power Corp. and Vivant Corp., through Vivant Integrated Generation Co. and Vivant Energy Corp.
The power plant, which will have a net capacity of 300 MW, is scheduled for completion in early 2018. The project’s generating equipment will consist of two 170-MW steam turbines, which will utilize the latest Circulating Fluidized Bed (CFB) boilers, the company said. This ensures that the power plant will meet government standards on health, protection of the environment and safety. The project is expected to create over 2,500 new jobs during construction and more than 150 new permanent jobs during operation, the company said in a statement.
Benjamin A. Cariaso Jr., the firm’s president, said the power facility will help augment the power supply in Cebu for “reliable” base-load power.
“Cebu and the Visayas region have achieved a rapid growth in economy and in order to sustain this momentum, reliable power is needed,” Cariaso said. “Therma Visayas will improve the region’s energy mix through dependable base-load power, securing the energy needs of the Visayas region.”
The notice to proceed construction to contractors was issued last month. Therma Visayas last year signed an engineering, procurement and construction contract with Hyundai Engineering Co. Ltd. and Galing Power Energy Co. Inc. for the construction of the power facilities to be built in Sitio Looc, Barangay Bato, Toledo City, Cebu.