Taiwan’s Cogen may relocate to free port
The Subic Bay Metropolitan Authority (SBMA) is finalizing the contract for a Taiwanese energy firm’s relocation to Subic, which is expected to lower the energy cost inside the free port and its adjacent communities.
"We are finalizing the agreement with Taiwan Cogeneration Corp. [Taiwan Cogen] with for its $400-million investment at the free port that will lower the cost of energy in the SBMA," SBMA administrator Armand Arreza said.
Arreza said that if Taiwan Cogen starts power-generation operations, it could lower the energy cost at Subic by at least P1. Under the contract, Taiwan Cogen would be selling electricity at P3.50 for per kilowatt-hour, lower than the current rate of P4.10.
"Taiwan Cogen will be supplying a large portion of its generated power to the entire Subic corridor and the remaining part would be supplied to Clark and other grids at adjacent towns," he said.
The free port’s power consumption is expected to increase with the entry of new locators, particularly by the Hanjin Shipping, a large South Korean shipbuilding company.
Taiwan Cogen will be the second independent power producer (IPP) to locate in SBMA after Subic Power Corp., which operates a bunker-fired diesel generator power station at the former American military base.
The Taiwan firm recently secured a supply agreement with the SBMA in February to deliver electricity to companies within the Subic Bay Industrial Park, and eventually to all locators within the free port.
Taiwan Cogen, however, would have to supply its customers through the Subic Enerzone Corp., a private company that has won exclusive power distributorship in the free port, as well as the nearby Olongapo City.
SBMA said Taiwan Cogen is eyeing a 10-hectare area to put up its facilities at the 48-hectare SBIP Phase 2.
The cogeneration company, which is 38 percent controlled by the state-owned Taiwan Power Co., was established in 1992 and ranks sixth among the top 500 most profitable companies in Taiwan in 2005.
Angelo S. Samonte, ABS CBN NEWS
"We are finalizing the agreement with Taiwan Cogeneration Corp. [Taiwan Cogen] with for its $400-million investment at the free port that will lower the cost of energy in the SBMA," SBMA administrator Armand Arreza said.
Arreza said that if Taiwan Cogen starts power-generation operations, it could lower the energy cost at Subic by at least P1. Under the contract, Taiwan Cogen would be selling electricity at P3.50 for per kilowatt-hour, lower than the current rate of P4.10.
"Taiwan Cogen will be supplying a large portion of its generated power to the entire Subic corridor and the remaining part would be supplied to Clark and other grids at adjacent towns," he said.
The free port’s power consumption is expected to increase with the entry of new locators, particularly by the Hanjin Shipping, a large South Korean shipbuilding company.
Taiwan Cogen will be the second independent power producer (IPP) to locate in SBMA after Subic Power Corp., which operates a bunker-fired diesel generator power station at the former American military base.
The Taiwan firm recently secured a supply agreement with the SBMA in February to deliver electricity to companies within the Subic Bay Industrial Park, and eventually to all locators within the free port.
Taiwan Cogen, however, would have to supply its customers through the Subic Enerzone Corp., a private company that has won exclusive power distributorship in the free port, as well as the nearby Olongapo City.
SBMA said Taiwan Cogen is eyeing a 10-hectare area to put up its facilities at the 48-hectare SBIP Phase 2.
The cogeneration company, which is 38 percent controlled by the state-owned Taiwan Power Co., was established in 1992 and ranks sixth among the top 500 most profitable companies in Taiwan in 2005.
Angelo S. Samonte, ABS CBN NEWS
posted by OlongapoCity Zambales at
10:47 PM
0 Comments:
Post a Comment
<< Home