Benigno Aquino III, president of the Philippines, has inaugurated a 200 MW coal fired power station in Colon, Visayas, which will help satisfy the region's peak demand.
The power plant is a joint venture of Korea Electric Power Company (
) and SPC Power Corporation.
Aquino said: “Kepco today provides 11 per cent of this country’s generation capacity. This power plant will ensure the energy requirement in this part of the country will be met.”
He said that frequent power outages in Visayas was stalling the economic growth of the region, and added that this plant would generate enough electricity to meet Visayas ‘ peak demand.
The coal fired power plant has committed 92 per cent of its capacity to eight electric cooperatives and two distribution utilities, and the rest to the wholesale electricity spot market.
The $450m power plant is expected to supply over 11 per cent of the requirements of the Visayas grid and improve the power supply to Cebu, Panay and Negros.
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