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Philippines : POWER Supply deal is signed between Aboitiz and Cotelco

Publish Date : 16-Apr-2013

An energy supply agreement is counterfeited by Aboitiz-owned Therma South, Inc. and the Cotabato Electric Cooperative. A 300-megawatt (MW) coal-fired power plant is constructed by Therma South, which is anticipated to go on stream in 2015.

The Cotelco P-Palma Area will be supplied by Therma South with five MW, on contigent condition of completing power plant.

The main Cotelco headquarters in Matalam town is the palce were ESA signing ceremony was held in presence of Felix Canja, general manager of Cotelco P-Palma Area, and Rodolfo Cabiles Jr., board president of Cotelco at around 11 a.m. Friday.

3.8 MW from the National Power is bagged by Cotelco P-Palma Area, which serves at least 30,000 consumers, being below the area’s peak power demand of 10 to 11 MW.

The towns of Pigcawayan, Pikit, Aleosan, Libungan, Midsayap, and Alamada are included by P-Palma Area, whereas 11 towns and this city is included by Cotelco-Main, along with signing of an ESA with Therma South in December 2012.

The worsening power situation in the P-Palma Area wil be mentioned by ESA with Therma South, once the coal plant starts operation in June 2015.

The criticisms are accepted by Canja from the power consumers as a result of the long brownouts the cooperative has been experiencing since February. This will result in reduction of energy crisis and the other power players completed the construction of their power plants in 2015.

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