Cagayan de Oro—(PHStocks)—Palm Concepcion Power Corp. (PCPC), the owner of the 2 X 135MW Coal Fired Power Plant Project in Concepcion, Iloilo confirmed that the Concepcion-Barotac 138kV Transmission Line (TL) including the new Concepcion 138kV GIS Substation and the expansion of Barotac Viejo Substation constructed by PCPC are now energized.
“The immediate completion of the associated transmission facilities can be attributed to the hard work of the whole Transmission Line team of PCPC and the dedicated effort and full support that NGCP extended to us,” Roel Z. Castro, PCPC president and chief executive officer said.
Castro also mentioned that another factor that contributed to the fast completion of the transmission lines is the early settlement of the Transmission Line Right-of-Way (ROW).
“We made sure that all those affected by the construction of the transmission facilities were compensated accordingly and that all documentary requirements are in place for the proper turn-over of these transmission assets to NGCP,” he added
PCPC’s power plant will be synchronized with the Visayas grid by last week of April 2016, and will be delivering power supply to its customers in Panay, Negros and the rest of Visayas. Synchronization will be done in coordination with NGCP.
The company is scheduled to have its reliability tests run in the next couple of months and once this is completed, the first unit of the 2 X 135-MW plant will be up for full commercial operations.
“The schedule of the commercial operations is just right on track as what we have committed to our customers,” Mr. Winifredo Pangilinan, SVP for Project Development Group said.
Ten distribution utilities and electric cooperatives have signed up with PCPC for their baseload power capacity requirements, who also need to deliver reliable and stable power generation supply to their individual customers (industrial, commercial and residential consumers).
PCPC is a joint venture of Palm Thermal Consolidated Holdings Corp. and Jin Navitas Resource Inc. Palm Thermal is a subsidiary of A Brown Co. Inc. (ABCI, PSE: BRN), a listed company primarily engaged in real estate, agribusiness and has ventured into the utilities and energy industry in recent years. ABCI’s other investments are: Hydrolink, which recently signed a hydropower service contract with the Department of Energy (DOE); and Peakpower Energy, Inc. (PEI), owner of bunker-fired power plants in Mindanao for the peaking power supply requirements in the area.