Alsons to build power plant in Bohol
BY LENIE LECTURA – APRIL 12, 2022
from Business Mirror
Conal Holdings Corp. (CHC), a wholly-owned subsidiary of Alsons Power Group, will put up a 95.2 megawatts (MW) diesel power plant in Bohol worth at least P1.8 billion.
The construction of the proposed power facility is expected to start in August and is targeted to be completed by May 2024. The total engineering, procurement, construction (EPC) cost is estimated at P1,538,051,000, non-EPC cost at P244,478,000, and operation and management (O&M) cost at P91,411,814.55 per annum.
The EPC cost includes civil works while the non-EPC cost includes fuel and lubrication oil commissioning, project development and implementation cost, and project land acquisition. The O&M component includes labor, consumable cost, and administration cost.
The power plant will be connected to the electricity grid through a 138-kilovolt transmission line connecting to the Ubay substation of the National Grid Corporation of the Philippines.
It is envisioned to serve the combined power requirements of Bohol Light Company Inc., Bohol Electric Cooperative (BOHECO) I, and BOHECO II that will start at 50MW by 2024 and up to 83MW by 2023.
“The proposed project aims to develop a 95.2 MW diesel power plant in Barangay Imelda, Ubay, Bohol. In order to comply with the 100 percent dependable capacity requirements as indicated in the Terms of Reference of the One Bohol Joint Distribution Utilities Competitive Selection Process, the capacity of the in island baseload (backup) power plant will be the same as the contracted capacity of the power supply,” CHC said in a filing with the Environmental Management Bureau of the Department of Environment and Natural Resources.
A public hearing on the project’s Environmental Impact Assessment is scheduled this month.
Alsons current power portfolio includes 468MW of operating capacity–258MW is diesel and 210MW is coal. Its expansion pipeline includes over 230MW of coal and hydro projects under different stages of development.
“The purpose of this backup diesel power plant is to provide reliable and affordable 24/7 backup service to the households and resorts within the island during the outage of the baseload power supply.”
