One diesel-fueled power plant and one renewable energy facility generating a total of 10 to 30 MW of electricity is set to be built in Lanao del Sur.
The P 2 billion-worth venture was approved after Frontier Power Technologies and Allied Service and Nepodragon Power Enterprises signed an agreement with the Sultanate of Marawi at the Mindanao State University on Wednesday.
Sultan Subair Mustapha represented the Sultanate’s decision to provide security and the three-hectare property in Saguiaran, Lanao del Sur.
Nepodragon General Manager Engr. Ryan Nepomuceno said their power generation project will be through Retail Competition Open Access (RCO), allowing “contestable customers”– those whose peak demand fall within a set threshold – to choose their electricity supplier.
Construction of the said power plants will start next year.
“Our role is simply to provide additional power. It will still be LASURECO (Lanao del Sur Electric Cooperative) that will collect the payments,” Nepomuceno told Manila Bulletin at the MOA signing.
As representative of the Meranaw people, Sultan Mustapha said the Royal Sultanate is committed to supporting the project by engaging local officials to fast-track its implementation.
He also added that providing Marawi and its neighboring areas better access to electricity is the project’s primary goal.
“(I am) looking for a greener pasture for the people of Marawi, like helping provide additional electricity,” the Sultan said.