PRESS RELEASE: ERC issues COC to CEDC's Cebu-based Unit 2 Coal-fired Power Plant
The Energy Regulatory Commission (ERC) approved on 2 August 2010 the issuance of a Certificate of Compliance (COC) to Cebu Energy Development Corporation’s (CEDC) 83,700.35 kW Circulating Fluidized Bed (CFB) Coal-fired Thermal Power Unit 2 Plant Facility located at Brgy. Daanlungsod, Toledo City, Province of Cebu.
The said unit is one of the three applied for by CEDC for COCs. This Toledo City facility is comprised of three (3) units with an aggregate installed capacity of 246 MW. Unit No. 1 was awarded a COC by the ERC in February 2010 upon its commissioning and completion of documentary requirements. Unit No. 2 was commissioned and inspected by the ERC in July 2010. Unit 3 is expected to be commissioned and connected to the Visayas grid after its completion date targeted in January 2011.
CEDC is a joint venture between Global Formosa Power Holdings, Inc. (GFPHI) and Abovant Holdings, Inc. (AHI). Said parties entered into a Memorandum of Agreement (MOA) to form a joint venture for the purpose of constructing a new Coal-fired Thermal Power Plant complex in Toledo City, Cebu. GFPHI owns 56% of the company while and AHI owns 44%. The construction of the complex started in January 2008 and will be completed in January 2011.
CEDC has an Electric Power Purchase Agreement (EPPA) with the Visayan Electric Company (VECO) for the sale of a contracted capacity of 105 MW with a cooperation period of 25 years starting on its commercial operation. Also, CEDC has a MOA with the National Grid Corporation of the Philippines (NGCP) for transmission services via an interconnection to the 138 KV NGCP Talavera Substation. A bypass transmission line, that will interconnect the CEDC and Toledo Power to the NGCP Naga Substation, is presently undergoing construction which will eventually directly connect CEDC and Toledo Power to the facilities of VECO. The bypass transmission line will also ease up power congestion that may occur along the Talavera transmission line.
“We are elated with this positive development in the power generation sector since it will augment the short power supply in the Visayas.. This development will benefit the electricity consumers in terms of improved standards of living and economic growth,” ERC Chairperson Zenaida G. Cruz-Ducut stated.
August 13, 2010