By Dorothy Davis
Korea Power Electric Corp. (KEPCO) has completed a 200-megawatt (MW) coal-fired power plant in Naga City, Cebu, becoming the fourth-largest power supplier in the Philippines. The completion of the Cebu plant was marked in a ceremony attended by Philippine President Benigno Aquino III and some 200 other officials and guests.
The Cebu plant puts KEPCO's power supply in the Philippines at 2,050 MW, almost 15 percent of all electric power consumed in the country. The plant will be operated by KSPC, a joint venture between KEPCO and Philippines’ based SPC Power Corp.
The new 200 MW coal-fired power plant was constructed over the course of three years at a cost of nearly $451 million. The plant is equipped with Circulation Fluidized Bed Combustion technology, which reduces greenhouse emissions while offering cost savings for operation.
"During its three years of construction, the plant contributed greatly to the Philippines' economy by hiring an average of about 2,000 local workers a day while also helping resolve the problem of power shortages," KEPCO said in a press release.
KEPCO also highlighted that the plant has committed 92 percent of its capacity to electric customers through eight electric cooperatives and two distribution utilities. The remaining capacity has been allocated to the Wholesale Electricity Spot Market in the region.
"Our power plant could provide Cebu and other areas in the Visayas with reliable, stable, affordable and cleaner power until the local economy is strong enough to afford renewable energy sources on a wider scale," KSPC president Bok-Yull Lee said.
KEPCO completes new 200MW coal-fired power plant in the Philippines
By Dorothy Davis