Alsons to put up 400-MW power plant for Tampakan

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Alsons Energy Development Corp., a subsidiary of the Alcantara-led Alsons Consolidated Resources Inc. (ACR), is investing about $900 million to put up a 400-megawatt power facility that will serve the future power requirements of the Tampakan copper-gold mine in South Cotabato.

In a statement, Alsons said it would be pushing through with the said power project as it had already signed a supply agreement with mining firm Sagittarius Mines Inc. (SMI), which will be developing the world-class, $5.9-bilion Tampakan copper-gold mine.

Under the agreement, Alsons Energy will develop an open-cycle gas turbine and coal-fired power station, to be located in the Kamanga Agro-Industrial Ecozone at Brgy. Kamanga in Maasim, Sarangani. The power station’s output will be dedicated to the proposed mine.

The new power facility will be owned and operated by A/S Power Development Inc. (APDI), a subsidiary of Alsons Consolidated which was organized to establish and manage the 400-MW plant.

According to Alsons Energy, other preliminary project development undertakings for the power facility, such as project financing, are expected to commence within the year.

The power plant is expected to start generating power by 2017 but it will only be fully operational by the middle of 2019.

SMI was able to secure an environmental compliance certificate for its planned mining operations last month. This allows the company to proceeds with its mining project. Proponents of the project are hoping to start commercial operations of the mine by 2019.

The Tampakan Copper-Gold Mine Project in Tampakan, South Cotabato contains the world’s biggest known copper deposit. SMI claimed the mine’s operations would generate earnings that would be big enough to raise the Philippines’ gross domestic product (GDP) by one percentage point yearly during the copper mine’s 25-year life span.

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  • carlcid

    Another case of the bourgeois-comprador class allying themselves with large foreign interests in order to exploit the country’s resources. Alsons will make a killing supplying power to the mining company which, in turn, will make a killing depleting the country of its mineral resources and damaging the environment. The majority of the people in the area, on the other hand, will be left with crumbs and, when the mine is depleted, left with a barren and spoiled environment.

  • http://pulse.yahoo.com/_W7TPARCYJFCSA3PBQAM3MVZO3E kurakut

    IS INVESTING US$ 900M?  8 HRS OF BLACK OUT? AANHIN MO PA ANG DAMO KUNG DEDBOL NA ANG ADIK?

  • ovalboy

    Miss Amy Remo… tuwing maglalabas ka ng press releases sa kliyente mong Aboitiz at Alcantara companies eh nagkakanda leche leche ang kuryente dito sa Gen. Santos City. Coincidence lang ba ? ? ? Kelan ka kaya makuryente ng 30,000 volts para makabawi naman kaming mga taga South Cotabato sa iyo? 

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