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EDC resumes Bacman geothermal operations

Energy Development Corp. said Tuesday units 1 and 2 of the 150-megawatt Bacon-Manito geothermal plants have resumed operations, following a two-year rehabilitation. EDC, an affiliate of Lopez-controlled First Gen Corp., said the Bacman geothermal project in Bacon, Sorsogon and Manito, Albay began commercial operations on Feb. 25, after the company undertook a $72-million rehabilitation of the project beginning December 2010. “For the past three to four weeks, Bacman Units 1 and 2 have been generating energy during their testing and reliability runs. Both 55-MW units have been operating at full load since Jan. 27 and Feb. 11, respectively,” EDC president and chief operating officer Richard Tantoco said. The Bacman geothermal power plants consist of Bacman I (two, 55-MW units) and Bacman II - (two, 20-MW units). EDC submitted the winning bid of $28.25 million for the Bacman geothermal plants  in May 2010 to the state-run Power Sector Assets and Liabilities Management Corp. “Declaring commercial operations marks the full integration of EDC’s operations for the 2 X 55-MW Bacman I power plant. We are very happy to have the plant back in service despite all the technical challenges we have encountered along the way. It is about time the plant and the Bacman steam resource serve the Filipino consumers again,” Tantoco said. EDC posted a consolidated recurring net income of P9.89 billion in 2012, up 89 percent from P5.24 billion in 2011.
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