AboitizPower announces stay on geothermal, coal-fired projects

The Aboitiz Power Corp. has shelved plans to set up a geothermal plant as well as the expansion of its 300-megawatt coal-fired power plant at the boundaries of the city and Davao del Sur.

While not directly explaining why the plans were pushed back for another time, first Vice-President for Mindanao Manuel M. Orig said the company is currently gearing up for another geothermal plant in Indonesia.

In 2014, the company announced plans to put up a 200-MW geothermal power plant as it explored about 20,000 hectares within the Mount Apo reservation. The company has not disclosed the result of that exercise.

The company has also postponed its plan to expand its 300-megawatt coal-fired power plant, the first new power plant to operate in Mindanao in the last 10 years.

Read more here.

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