Joint study on power plant in RP
Energy Earth and a French company are conducting a feasibility study on a proposed coal-fired power plant in the Philippines, while Earth has secured a 25-year contract to sell 20 million tonnes of coal to a Philippine power company.
Kajornpong Kamdee, managing director of Energy Earth, said the company had signed a memorandum of understanding with Apervi-Sparkling Consortium to conduct the feasibility study. If the project goes ahead this year, it will be in two phases, each with production capacity of 150 megawatts.
The power plant, a collaboration of the Philippines’ Asia Pacific Energy Ventures, France’s Sparkling Capital, and Energy Earth, would be situated in one of the country’s industrial port and trade centres, Cadiz in Negros Occidental province. The clean-coal-fired power plant would supply power to the Philippines’ Visayas grid, which faces a power shortage as demand rises by 7 per cent, or 100MW, per year.
Earth has also signed a 25-year contract with North Negros Energy Power Corporation, an affiliate of Apervi, to sell no less than 20 million tonnes of coal for its power plant in the Philippines. “If the study concludes that the project is feasible, the company [Energy Earth] will operate integrated coal businesses from upstream to downstream,” Kajornpong said.
