By Alena Mae S. Flores – June 28, 2024, 8:05 pm
from manilastandard.net
Bac-Man Geothermal Inc. is seeking the approval of the Energy Regulatory Commission (ERC) to develop and operate a dedicated point-to-point limited facility to connect the 20-megawatt Tanawon geothermal power project (TGPP) in Sorsogon City to the Luzon grid.
BGI, a subsidiary of Energy Development Corp., said in a filing with the ERC that it is constructing a 7.5-kilometer, 230-kilovolt transmission line which includes a switchyard and other related facilities to convey the electricity generated by the TGPP to the consumers.
The connection asset will connect the TGPP directly to the Palayan Binary Power Plant and Bac-Man Switchyard owned and operated by BGI.
BGI said the connection is financially feasible, with the cost estimated at P637.12 million.
The company said it has sufficient funds on hand to undertake the construction, development, operation and maintenance of the entire project.
BGI expects to complete the construction within the second quarter of 2024.
“The company intends to have the connection asset in place and ready for the commissioning of the Tanawon Geothermal Power Plant Project, which is scheduled to happen within the fourth quarter of 2024,” the company said.
BGI said that given the urgent need for additional capacity by 2025 and onwards, the completion of TGPP within the projected time frame is critical to ensuring that additional capacity would be available for the grid in a timely manner.