The 405-megawatt (MW) coal-fired power plant in Mindanao will begin its operations after a series of reliability tests, FDC Misamis Power Corp. said.
The multi-billion peso investment utilizes clean coal technology through the circulating fluidized bed (CFB) boiler technology able to lower carbon emissions.
The island’s largest power plant, a subsidiary of the FDC Utilities Inc., (FDCUI) will supply a boost in capacity within the region.
“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.
FDC Misamis head Juan Eugenio Roxas said over 80 percent of the plant’s net capacity has already been contracted with distribution utilities and industrial customers in the island.
The project is in line with the new Energy secretary Alfonso Cusi’s goal of enriching Mindanao by engaging investors through building more power facilities, said FDCUI president and COO Mario Pangilinan.
The Energy secretary previously said the Department of Energy’s goal will prioritize giving 100 percent household electrification and lower power rates.