Deficit projected in Visayas power-A A +A
By Mia A. Aznar
Wednesday, October 23, 2013
DESPITE a number of committed power projects from 2014 to 2016, power for the Visayas is still expecting a deficit of 62 megawatts in 2014, the Department of Energy reported.
At the Energy Investment Forum held yesterday, DOE Undersecretary Raul Aguilos reported that based on the Visayas grid’s available capacity, they are projecting a 92-megawatt deficit for 2014 and 221 megawatts for 2015. The projections are based on a demand growth using a seven percent GDP growth.
However, the deficit is reduced once committed projects are taken into consideration.
With six committed projects totaling 429.6 megawatts for the Visayas, they no longer see a deficit for next year.
But in 2015, the DOE has a projected deficit of 62 megawatts. By 2016, they foresee a deficit of 100 megawatts and 121 megawatts for 2017.
Still, Aguilos assured that a number of indicative power projects totaling 718 megawatts could serve this deficit and provide enough power to meed the demands of consumers in the Visayas.
A total of 470 megawatts in coal-fired power plants and 154 megawatts in geothermal energy are being planned by different companies around the Visayas.
“Considering the number of indicative and committed power projects, we will have no problems,” he assured. However, they hope more investors will come in to serve the demand for 2018 and beyond.
Aguilos added that many of these indicative projects are for existing plants seeking expansion, which they expect will have no difficulty in finalizing their contracts to become committed projects.
As of Aug. 28 this year, there are two committed coal-fired plants, a geothermal plant, a hydroelectric facility and two biomass projects in the works. For coal, these are by Palm Thermal Consolidated Holdings Corp. in Iloilo, which has a capacity of 270 megawatts and a project cost of P26.4 billion, and an 82-megawatt coal expansion project by the Toledo Power Co. that will cost P10.2 billion. Palm Thermal’s plant is expected to be rolled out by July and September 2016 while the Toledo plant will be commissioned by September 2014.
The Energy Development Corp. is completing a 50-megawatt geothermal project in Valencia, Negros Oriental for P4 billion, targeted for commissioning in June next year. An eight-megawatt hydroelectric power plant in Antique is being completed by Sunwest Water and Electric Co. for commissioning in March at a project cost of P1.4 billion.
The biomass projects are being developed for 2015. The Asian Energy System Corp. will be completing a 3.6 megawatt project in Cebu for P0.2 billion for a December 2015 commission while the San Carlos BioPower Inc. in Negros Occidental is completing a 16-megawatt biomass project for a March 2015 commissioning at a cost of P1.7 billion.
As for indicative projects, there are three coal-fired power plants, one geothermal project, two hydroelectric facilities, one solar-powered plant and three wind projects that can generate a total of 718 megawatts.
Published in the Sun.Star Cebu newspaper on October 24, 2013.