Aboitiz Power Corp. is pushing for the establishment of a coal-fired power plant in Davao City as it sees a coal plant as the best source of electricity when it comes to reliability, affordability and safety.
Aboitiz has decided look for new energy source after realizing that hydropower plants is vulnerable to weather conditions. The company further believes that the project will definitely help lessen the dependence to hydroelectric power and stabilize the power requirements of Davao Region.
Aboitiz states that it would take three to four years to build a power plant and will require an investment worth $500 million. The company intends to use new technologies to assure the people in Davao for a cleaner and more efficient coal fuel generation.
Aboitiz Power also owns several hydroelectric plants in Mindanao including the barge-mounted floating power plant in Davao del Norte. It will also push through with the expansion program for Steag State Power in Misamis Oriental this year. Aside from Davao, the company is also going to build a coal-fired power plant in Subic.
The proposed power plant in Davao will have a capacity of 300 MW higher than the originally targeted at 150 MW.
Image courtesy of engineerlive.com.