AboitizPower on track to meet energy target of 4K MW by 2020

By Lenie Lectura – January 16, 2019
from Business Mirror

ABOITIZ Power Corp. (AboitizPower) is well on track of hitting its energy capacity of 4,000 megawatts (MW) by 2020, its top official said on Tuesday.

“We will achieve 4,000 megawatts by 2020. There are a number of power projects lined up for commercial operation,” Chief Operating Officer Emmanuel Rubio said.

The power firm’s current attributable power capacity is 3,200 MW, of which 1,200 MW is renewable energy (RE).

Therma Visayas Inc.’s (TVI) 300-MW power plant in Toledo, Cebu, will be coming on line in April this year. 

“TVI’s commercial operation date is by April. It’s delayed. We had expected its COD in September 2018, but plants like this will have issues,” Rubio said.

He added that the 68-MW Manolo Fortich hydropower project of Hedcor Bukidnon is waiting for regulatory approval.

“Once we have GNPower Dinginin’s two units, then we can already achieve 4,000 MW,” he said.

GNPower Dinginin is developing a supercritical coal-fired power plant with two identical units with a net capacity of 668 MW each. The two GNPower plants will help the company meet the 4,000-MW target. Also, these are essential in the company’s commitment to securing a balanced energy mix to support the country’s energy security.

On overseas expansion, the power firm is looking at RE projects in Vietnam, Myanmar and Indonesia.

“We are always on the lookout. We are open to any opportunity. The primary focus in these areas is renewable energy. Being able to have a local partner in those areas is critical when you go overseas,” Rubio said.