Aboitiz Power Corp. is studying a 150-megawatt expansion of Therma Visayas Inc.’s 350-MW Toledo circulating fluidized bed coal plant in Cebu.
Aboitiz Power president and chief executive Emmanuel Rubio said the proposed expansion is excluded from the coal ban imposed by the Department of Energy as it has an existing environmental compliance certificate.
Rubio said they were weighing their options whether to pursue the coal plant or put up a 150-MW liquefied natural gas plant in Cebu as they would have different costs and financing options.
“Cebu needs capacity. On a day-to-day basis, a number of diesel plants are still running in Cebu. So that means that baseload capacity is short,” Rubio said.
“We’re looking at a baseload of 150 MW to add to our current 300 MW in TVI. We’re looking at LNG at 150 MW, looking at what’s going to cost, and what if we actually expand TVI with another unit of coal? And compare the cost,” Rubio said. Alena Mae S. Flores