Power firm nixes Negros coal-fired plant-A A +A
Saturday, September 17, 2011
PANAY Energy Development Corporation (PEDC) will not push through with its plans to put up a coal-fired power plant in Negros Occidental, said Art Aguilar, president of Global Business Power Corporation, which owns the PEDC.
Aguilar cited locational problem as one of the reasons they are not pushing through with the project this time.
He said he will explain further Saturday the reasons why they are not pushing through with the coal-fired power plant in the province during his talk on Visayas Electric Power situation at the 20th Visayas Business Conference and Expo hosted by the Metro Bacolod Chamber of Commerce and Industry at L’Fisher Hotel.
PEDC operates a 164-megawatt coal-fired power plant in Iloilo and Cebu Energy Development Corporation, which operates a 246-megawatt coal fired power plant in Cebu.
The company early this year announced that it will put up an 80-megawatt coal-fired power plant costing between P10 billion and P13 billion.
Possible sites that were earlier identified included Pulupandan, Hinobaan and Sipalay City in southern Negros Occidental.
“No. It won’t push through. I will explain why. But it doesn’t mean that we don’t have the appetite to do so. It’s always a desire. We are a business group with P45-billion investment in power generation in the Visayas, the largest in the Visayas. So with an island, particularly a big island like Negros that needs our services, we will be there but it has to be in viable terms,” Aguilar said.
Negros Occidental governor Alfredo Marañon Jr. said he is positive that Negros will soon have its own power plant to cater to its power needs.
Bacolod Representative Anthony Golez, for his part, stressed the need for a power plant in the future.
“Power is needed for infrastructure development… We have to unite to get a stable source of power,” he said. (TED)
Published in the Sun.Star Bacolod newspaper on September 17, 2011.