AC: Power Subsidiary to Develop Plant in Mindanao

Ayala Corporation Energy Holdings, Inc., the power subsidiary of Ayala Corp., plans to proceed with the development of its 405-megawatt (MW) coal-fired plant in Northern Mindanao. The firm will develop the project in partnership with Power Partners Ltd. Co. Construction period and final cost of investment are still being finalized, with construction targeted to start in the second half of the year. According to the Energy Department, the coal plant is scheduled to be complete by the end of 2017 or early 2018, costing around US$1.5 to 2Mil per MW.

Ayala Corporation Energy will develop the project in partnership with Power Partners Ltd. Co. under a deal signed July last year. The project — involving three 135-MW units — will be located in a 60-hectare site in Kauswagan, Lanao del Norte.

If this would push thru as scheduled, then we have good news to Mindanao. This would hopefully resolve the power shortage in Mindanao.

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