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Friday, March 29, 2024

FDC Misamis plant to start distributing power in Mindanao

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FDC Misamis Power Corp. of the Filinvest Group said Wednesday it successfully synchronized the first unit of its 405-megawatt coal-fired power project with the Mindanao grid.

The start of operations of the power plant is expected to support the increasing power needs in the region, the company said.

“This is in line with the Duterte’s administration’s thrust to promote regional growth most especially in Mindanao,” FDC Misamis vice chairman Andrew Gotianun Jr. said in a statement.

The power plant at Phividec Industrial Estate in Villanueva, Misamis Oriental is a multi-billion-peso investment of the Gotianun Group that uses the circulating fluidized bed boiler technology.

FDC Misamis is a subsidiary of FDC Utilities Inc. and a member of Gotianun’s Filinvest Development Corp.

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“Commercial operation is expected after the completion of reliability tests in the coming weeks,” FDC Misamis head Juan Eugenio Roxas said.

Roxas said the project was critical in bringing in much needed power to the Mindanao grid.

“We deeply appreciate the commitment and dedication of our FDC team, as well as our contractors, to meet our assurance to deliver power to our customers at the soonest time possible,” Roxas said.

FDC Misamis secured contractual commitments for more than 80 percent of the project’s net capacity with various distribution utilities and large industrial customers in Mindanao.

“This will help ensure the supply of reliable and competitively-priced power for the province and the rest of the region,” Roxas said.

FDC Utilities president and chief operating officer Mario Pangilinan said the power plant was also expected to help secure investment potentials in Mindanao.

“Mindanao needs to grow like the rest of the country like Luzon and Visayas.  And one of the things needed for the growth is attraction of investors through more power facilities,” he said.

Pangilinan said the project  would support the  direction of newly appointed Energy Secretary Alfonso Cusi said.

Cusi said he was tasked by President Duterte to ensure the electrification of the countryside.

“I will strive to do my best to help the Duterte administration achieve electrification of the entire country, ensure reliable, steady and affordable power supply and work towards greater energy self-sufficiency as part of its agenda of sustained economic growth, social progress and political stability in the next six years,” said Cusi.

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