Subic power plant faces further delay

Redondo Peninsula Energy Inc. may put on hold the development of a 660-megawatt coal-fired power until 2020 due to construction issues, an official said over the weekend.

RP Energy is a joint venture among Meralco PowerGen Corp., Therma Power Inc. of the Aboitiz Group and Taiwan Cogeneration International Corp.

“The management of RP Energy have engaged a consultant and the consultant’s recommendation is to stabilize the slope first. Issues like this with geological conditions is very tricky. In fact, one of the recommendations I believe, is to let it rest for one rainy season and that’s rainy season up to 2020,” said Aboitiz Power chief operating officer Manny Rubio said.

“There’s a hill behind the site, that’s the one that’s moving, not the site itself. We just want to make sure we protect ourselves from that geological condition once we make a decision on putting up the plant,” he said.

Once the solution is approved by the board, construction can be started on stabilizing the slope.

Topics: Redondo Peninsula Energy Inc. , RP Energy , Meralco PowerGen Corp. , Therma Power Inc. , Aboitiz Group , Taiwan Cogeneration International Corp.
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