AboitizPower adding 800 MW to balance generation portfolio

Aboitiz Power Corp. is completing over 800 megawatts (MW) of power projects this year – from renewable energy developments to coal-fired power plants – as it pursues to balance its energy portfolio by 2020.

The company is set to complete five projects with a total capacity of 828.3 MW this year which underlines the company’s strategy to have a wide and diverse portfolio of generating assets to help answer the country’s need for power, AboitizPower president and COO Antonio Moraza said in a statement.

These include the 69-MW Manolo Fortich hydropower plant in Bukidnon, and the 8.5-MW Maris Canal hydro project in Isabela through its subsidiary SN AboitizPower.

Together with its partners, AboitizPower is also in the process of completing the 340-MW Therma Visayas baseload power plant in Toledo, Cebu and the 400-MW Pagbilao power plant expansion.

AboitizPower has partnered with Vivant Corp. for the Toledo power project while the Pagbilao plant expansion is in partnership with TeaM Energy Corp.

The company is also in the process of commissioning the 8.8-MW biomass power plant in Lian, Batangas.

Read more here.

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