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Aselco inks power deal with Aboitiz

AGUSAN del Sur Electric Cooperative (Aselco) has signed up to buy 10 MW of power from the 300-MW coal-fired power plant project of AboitizPower in Davao which is set to be completed in 2015.

With distribution utilities Davao Light and Cotabato Light already signing for a combined 105 MW, there are around 185 MW of capacity left for other Mindanao DUs and electric cooperatives to sign up for.

Aselco general manager Emmanuel B. Galarse said their signing with Therma South ensures the cooperative will have power not only at present but also for its future needs especially that Therma South has already started construction.

“Our franchise area is experiencing very encouraging economic growth. Our role as the electric cooperative is to ensure that this growth is supported by reliable and affordable power,” Aselco board president Joel Q. Jumonong said.

With construction in full swing for the circulating fluidized-bed power plant project in southern Davao, the project of AboitizPower subsidiary Therma South Inc. is seen to provide the solution to ongoing Mindanao power crisis soonest.

The signing was held in Butuan City with Jumonong and Galarse representing Aselco and Jay Gatmaitan, AboitizPower AVP for sales and marketing representing Therma South.

Aselco has an estimated daily peak demand of 24 MW as it serves Bayugan City and 13 other municipalities in Agusan del Sur.

“We are happy to have earned the confidence of Aselco and will do our best to build and deliver our power plant as scheduled by 2015,” Therma South chief operating officer Benjamin A. Cariaso Jr. said. “We have the advantage of having already started our construction and we will ensure we will build a world-class power plant that the people of Mindanao will be proud of.”

TSI is employing the latest circulating fluidized-bed technology to ensure the power plant meets stringent Philippine environmental standards.

Aselco has been awarded as one of the country’s best operating electric cooperatives in the recently concluded NEA Lumens held in Davao City, April 2012. Other awards Aselco harvested during the said event were the Special Awards for Category A+ EC, the Special Awards for Sitio Energization, the Sunshine Region Award, and the Sunshine Award.