AP RENEWABLES, Inc. (APRI), the renewable power unit of Aboitiz Power Corp., on Thursday launched the newly restored 6-megawatt (MW) binary plant at the Makiling-Banahaw (MakBan) geothermal project in Sto. Tomas, Batangas.
“This plant shows our commitment to renewable energy, through our Cleanergy brand...We have always emphasized that AboitizPower will continue to pursue renewable energy projects for as long as it is sensible and cost-effective for our customers,” AboitizPower President and Chief Operating Officer Antonio R. Moraza said during the presentation of the plant.
APRI completed the restoration of Binary Plant 1, which uses excess heat from spent brine to generate clean energy for the Luzon grid, in July 2016. The plant restoration cost P107 million, lower than the initial budget of P130.7 million.
“It took us more than a year to complete the restoration, but we were able to add 6 MW installed capacity of renewable energy to our facility, utilizing heat from geothermal byproducts and idle equipment,” APRI President and Chief Operating Officer Felino Bernardo said.
The additional renewable capacity was added to the Luzon grid by the end of 2016.
The plant is one of three binary cycle power plants in the MakBan Geothermal Project complex that the company had acquired in 2009, and the only one found fit for rehabilitation.
Prior to the restoration, the plant had been encountering commercial issues until it was shut down in 2004. At that time, it was operated by the National Power Corp.
At the same time, Mr. Moraza said there is potential to source 20 to 24 MW from their geothermal power plant located in Tiwi, Albay.
“We’re actually doing the feasibility study now, we have the costing already... They’re developing now,” Mr. Moraza said.
The project will cost around $1.5 billion and take up to 18 months.
The listed power firm currently 44 generation facilities with a net sellable capacity of 2,402 MW.
This year, AboitizPower looks to finish the 420-MW Pagbilao III coal-fired power plants and 68-MW Manolo Fortich hydroelectric power plant in Bukidnon.
“Unfortunately we’re a bit delayed in Manolo Fortich. We hope to finish that by the end of the year,” Mr. Moraza said, attributing the delays to the frequent rains that halted construction.
CAGAYAN DE ORO — The state-run Social Security System (SSS) earned about P1.31 billion from the first three months of implementation of the Loan Restructuring Program (LRP) with penalty condonation, benefitting about 200,000 members who will be able to enjoy full benefits and privileges once...