AP Reputation Management | April 22, 2019
AboitizPower subsidiary Therma Visayas, Inc. has started delivering energy from the first of two 170-MW (150 MW net) baseload units in Toledo City, Cebu. The second 170-MW unit (150 MW net) is currently expected to come online by May 2019.
“We are happy to have brought Therma Visayas online just in time to support the government’s call for more reliable energy supply as we head towards the midterm elections,” Danel C. Aboitiz, President and COO of AboitizPower’s Coal Business Unit, said.
The plant will deliver power to Visayan Electric Co., Inc. (VECO) and electric cooperatives, as well as to Open Access customers in Luzon and the Visayas. Customers with energy supply contracts enjoy stable prices in the long term and are essentially protected from the volatility of the Wholesale Electricity Spot Market (WESM).
By having a reliable baseload plant on the island of Cebu, the residents and investors on the island will enjoy a number of economic and strategic benefits that include increased energy security, more competitive prices, and local employment.
– Danel C. Aboitiz, President and COO, AboitizPower-Coal Business Unit
The Toledo baseload power plant uses the latest circulating fluidized bed technology (CFB) and best available control technology (BACT) to minimize emissions to world-class levels. After Therma South in Davao, Therma Visayas is the second plant in the Philippines to build a “coal dome” to safely store its coal fuel and prevent fugitive dust outside the facility.
Construction of the plant started in 2015 and, at its peak, employed around 5,800 people, most of whom came from the host locality.
The facility is a joint venture between Aboitiz Power and Vivant Corporation
Apart from TVI, the first unit of GNPower Dinginin baseload power plant with 668 MW gross capacity is also expected to go online later this year, while the second unit, which also has a gross capacity of 668 MW, is currently targeted for commercial operations in 2020. Once operational, these facilities will boost AboitizPower’s capacity and help address the country’s rapidly increasing demand for reliable and cost-efficient power.