Therma Marine engine down for repairs

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Monday, July 21, 2014


THE Mindanao grid would be 50 megawatts (MW) less as power barge operator Therma Marine Inc. (TMI) has confirmed that one of the two engines of its facility in Nasipit, Agusan del Norte is down for repairs.

TMI president and chief operating officer Jovy P. Batiquin said in a statement that the repairs on one of its camshafts will take three weeks.

Batiquin said they are working round-the-clock to be able to bring the engine back to operation.

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He said this means the Mobile 2 barge in Nasipit will only be able to produce as much as 50 MW from its normal capacity of 150 MW.

“If in full operation, TMI barges in Nasipit and Maco, Compostela Valley, combined, have a generating capacity of 200 megawatts. It serves more than 20 distribution utilities and electric cooperatives in Mindanao,” Batiquin said.

Traditionally utilized as a peaking power plant, Therma Marine has been operating lately as more of a base load plant with Mindanao experiencing an acute shortage in power.

Some 90 percent of Therma Marine's power rates to its customers are for fuel costs, which is a pass on rate.

The remaining 10 percent covers the capital recovery, maintenance, salaries, spare parts costs, among others.

Published in the Sun.Star Cagayan de Oro newspaper on July 21, 2014.

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