June 11, 2013 – Palm Concepcion starts building P12.5b coal plant
Palm Concepcion Power Corp., the joint venture of A Brown Co. Inc.’s Palm Thermal Consolidated Holdings Corp. and Jin Navitas Resource Inc., said Monday it started construction works on the P12.5-billion coal-fired power plant in Iloilo.
“We are pushing through with the project as planned and committed because we know and understand the power needs in Panay and the whole of Visayas, especially by year 2016 when most of the newly constructed hotel chains, real estate complex and business hubs as well as other establishments are already operational,” Palm Concepcion president and chief executive Roel Castro said in a statement.
The 135-megawatt Concepcion project is expected to be the most advanced and most fuel-efficient plant in the Visayas, as it will use the Alstom Europe technology for steam turbine and generator under the project management of the American-Canadian company SNC-Lavalin.
Palm Concepcion said it signed a coal supply contract with PT Pevensey Indonesia in order to secure the coal supply requirements of the plant.
A Brown acquired Palm Concepcion in November 2010 from DMCI Power Corp., marking its first major venture in the power generation industry.
The company issued the notice to proceed with the construction of the coal plant to NLSC, the consortium of First Northeast Electric Power Engineering Corp. of China, Liaoning Electric Power Survey & Design Institute and Shenyang Electric Power Design Institute Co. Ltd. on Friday.
Palm Concepcion commissioned NLSC as the engineering, procurement and construction contractor for the project.
Palm Concepcion held a cocktail ceremony on June 6 at Hotel Del Rio in Iloilo City to announce the start of the first coal-fired power plant in Visayas. The event was attended by Iloilo Gov. Arthur Defensor Sr., Concepcion Mayor Milliard Villanueva, key officers from the different electric cooperatives in Panay and officials from different government agencies.
“The Concepcion power plant will be ready to supply the needed power by then ,” Castro said.