Mitsubishi Hitachi bags Pagbilao deal
MANILA, Philippines–Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has secured an order to build a 420- megawatt coal-fired power generation plant—an expansion of the Pagbilao power station in Quezon province.
MHPS will be working on the project jointly with Daelim Industrial Co. Ltd. of Korea.
The order, which is for the third such coal-fired unit at the site, was placed by Pagbilao Energy Corp. (PEC), the company undertaking the project.
The new power plant, which will be built adjacent to the 735-MW Pagbilao 1 and 2, is set to go on-stream in November 2017, according to TeaM Energy Corp. (TEC), one of the joint venture partners in PEC.
Manila-based TEC said in a separate statement that the chosen engineering, procurement and construction firms were issued a commencement notice on May 30.
This sets off work for Pagbilao Unit 3, which should be built in 42 months.
“When completed, the new plant will help supply electricity to support the nation’s robust power demand and future economic expansion,” Mitsubishi Hitachi Power Systems said in a statement.
Pagbilao Energy is an equally-owned joint venture by subsidiaries of TeaM Energy Corp. and Aboitiz Power Corp.
TeaM Energy, in turn, is a joint venture between Marubeni Corp. and Tokyo Electric Power Company, Inc.
AboitizPower is the Aboitiz Group’s unit for investments in power generation, distribution, retail and power services.
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