Peakpower Energy Inc (PEI) is looking to develop 60 to 70 megawatts (MW) worth of peaking plants in the country next year.
This is according to PEI president and CEO Roel Castro.
The target follows the company reaching 55 MW of peaking capacity in Mindanao after completing all expansion projects.
Castro, however, did not disclose locations of next year’s projects as they have yet to sign power supply contracts.
For the expansion, Castro said that all projects should be finished within the year. This will bring its total peaking capacity in Mindanao to 55 MW.
Peakpower Soccsargen Inc (PSI) has finished the 13.9 MW expansion for the 20.9 MW Diesel/Bunker – Fired power plant in General Santos City. A certificate of compliance has been secured and commercial operations will begin “after some technical tests are done.”
Meanwhile, Peakpower San Francisco Inc (PSFI) is doubling its capacity by another 5.3 MW Diesel/Bunker-fired power plant in Agusan del Sur. The plant will begin operations after completing technical tests.
Peakpower Bukidnon Inc. (PBI) is also constructing a new diesel-fired power plant worth 10.4 MW in Manolo Fortich, Bukidnon. Castro said that this project is in the final stage of development and should be ready for operations this year.
“We are in the final stage of…performance test but we’re scheduling it next month, in November. After that, that should be ready for commercial as well,” he said.