After logging more than one million safe man-hours or “zero accidents” since the start of construction, the Balingasag Thermal Power Plant of Minergy Coal Corporation (Minergy Coal) in Misamis Oriental is now 42.1 percent complete and set for its targeted inauguration in 2017.
Composed of three 55MW coal-fired power units, the project will feed the power requirements of Cagayan de Oro Electric Power and Light Corporation (Cepalco), whose franchise area covers the City of Cagayan de Oro and adjacent municipalities.
Minergy Coal is 40% owned by Vivant Integrated Generation Corporation (VIGC) together with Mindanao Energy Systems, Inc. (Minergy). VIGC is a wholly owned subsidiary of Vivant Energy Corporation which, in turn, is 100% owned by publicly-listed Vivant Corporation.
During simple ceremonies Monday, project proponents marked a special milestone in the power plant’s construction phase. Minergy Coal was cited for its safety record of “zero-accidents” as of January 31, 2015.
Gracing the event were Balingasag Mayor Alexis Quina and executives of Minergy, Vivant Corporation, Cepalco, Mitsubishi Corp., Toshiba, Metaphil and Sta. Clara International.