Alcantara Group of Companies Chairman, Tomas I. Alcantara, announced the Mindanao based company’s plan to set up a 200MW Coal Fired power plant in Southern Mindanao (near the Sarangani Area.) The initial capacity of the plant will be 200MW but can be expanded to handle 900MW.
This bodes well for the development of Mindanao as a prime investment area as it will ensure a stable energy supply for investors. Although no figures were given by Mr. Alcantara as to how much it would cost to setup the power plant, initial estimates peg it at $300 M (P 15 B.) It is expected to be operational by 2011.
Coal is considerably cheaper than diesel fuel so it is hoped that by using Coal it will allow for cheaper electricity rates for the Island of Mindanao. Mr. Alcantara assured also that they will also do well to install the appropriate technologies to ensure that waste gas from burning of coal will be properly filtered and cleaned before it will be released to the environment.
Power Producers and the Philippine government are rushing to add new power plants to the Philippine Grid as the Dept of Energy already forecasted that the Supply for energy will no longer meet the Philippine Demand come 2010. This is also to prevent another relapse of the power shortage experienced by the country in the early nineties when demand already outstripped supply. Filipino’s had to contend with regular black outs during the night.
The Alcantara Group of Companies have about a decade and a half worth of experience in setting up and running power plants as they have invested in 3 diesel fired power plants in Mindanao. These were the Iligan 100-mw diesel power station, Zamboanga 100-mw diesel power station and the Alabel 50-mw diesel power station.
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