What is the Mindanao Power Plant? The Mindanao Power Plant of STEAG State Power Inc is the newest and most modern power plant in the Philippines’ second biggest island. After barely three (3) years of construction, the power plant began supplying Mindanao’s electricity needs in November 2006 just in time when the island was bracing for a looming power shortage. It is located within a 55-hectare lot at the PHIVIDEC Industrial Estate in Misamis Oriental. The plant was established on a Build-Operate-Transfer (BOT) Scheme and underpinned by a 25-year Power Purchase Agreement with the National Power Corporation. The power plant’s net-generating output of 210MW has increased the island’s systems reserve margin from a critical level of 13% prior to the plant’s operation to a more comfortable level of 24% after the start of full commercial operations. The required systems reserve margin for Mindanao is at least 21%. The entry of STEAG’s Power Plant to the island’s grid system has also expanded the electricity generation mix resulting in a more stable supply of power to the grid. Since 2006, the Power Plant accounted for about 20% of the island’s total electricity supply and has thus far contributed stability and supply reliability necessary to sustain Mindanao’s promising economic growth and development. What is STEAG State Power, Inc.? STEAG State Power Inc. is a special purpose company established to own, build and operate the Power Plant. It is majority owned by Evonik Steag GmbH which is part of the German conglomerate Evonik Industries AG based in Essen, Germany. Evonik is the creative industrial group with business operations in over 100 countries around the world. It is a global leader in specialty chemicals, an expert in power generation, and one of the largest private residential real estate companies in Germany. Evonik Steag GmbH, which is Evonik’s Energy Business Area, is Germany’s fifth largest power producer. It specializes in the production of electricity from coal and renewable sources. As a full-service provider, it focuses on engineering and consulting skills in the design, building and operation of ultra-modern power plants worldwide. With more than 70 years experience in the power industry, it has developed over the years into a successful international Independent Power Producer (IPP). It employs a workforce of about 4,600 in its 66 business locations in ten countries worldwide (Germany, Turkey, Philippines, Colombia, Poland, Singapore, India, USA, Brazil and Nigeria). Why use coal for electricity generation? Coal is one of the most abundant and affordable natural fossil fuels. It plays a major part in supplying the world’s power demand, thus, underscoring global economic and social development. Coal currently supplies about 38% of the world’s electricity. It underpins nearly all key industrial economies in the world.
What is the Mindanao Power Plant? The Mindanao Power Plant of STEAG State Power Inc is the newest and most modern power plant in the Philippines’ second biggest island. After barely three (3) years of construction, the power plant began supplying Mindanao’s electricity needs in November 2006 just in time when the island was bracing for a looming power shortage. It is located within a 55-hectare lot at the PHIVIDEC Industrial Estate in Misamis Oriental. The plant was established on a Build-Operate-Transfer (BOT) Scheme and underpinned by a 25-year Power Purchase Agreement with the National Power Corporation. The power plant’s net-generating output of 210MW has increased the island’s systems reserve margin from a critical level of 13% prior to the plant’s operation to a more comfortable level of 24% after the start of full commercial operations. The required systems reserve margin for Mindanao is at least 21%. The entry of STEAG’s Power Plant to the island’s grid system has also expanded the electricity generation mix resulting in a more stable supply of power to the grid. Since 2006, the Power Plant accounted for about 20% of the island’s total electricity supply and has thus far contributed stability and supply reliability necessary to sustain Mindanao’s promising economic growth and development.
The Mindanao Power Plant of STEAG State Power Inc is the newest and most modern power plant in the Philippines’ second biggest island. After barely three (3) years of construction, the power plant began supplying Mindanao’s electricity needs in November 2006 just in time when the island was bracing for a looming power shortage. It is located within a 55-hectare lot at the PHIVIDEC Industrial Estate in Misamis Oriental. The plant was established on a Build-Operate-Transfer (BOT) Scheme and underpinned by a 25-year Power Purchase Agreement with the National Power Corporation. The power plant’s net-generating output of 210MW has increased the island’s systems reserve margin from a critical level of 13% prior to the plant’s operation to a more comfortable level of 24% after the start of full commercial operations. The required systems reserve margin for Mindanao is at least 21%. The entry of STEAG’s Power Plant to the island’s grid system has also expanded the electricity generation mix resulting in a more stable supply of power to the grid. Since 2006, the Power Plant accounted for about 20% of the island’s total electricity supply and has thus far contributed stability and supply reliability necessary to sustain Mindanao’s promising economic growth and development.
What is STEAG State Power, Inc.? STEAG State Power Inc. is a special purpose company established to own, build and operate the Power Plant. It is majority owned by Evonik Steag GmbH which is part of the German conglomerate Evonik Industries AG based in Essen, Germany. Evonik is the creative industrial group with business operations in over 100 countries around the world. It is a global leader in specialty chemicals, an expert in power generation, and one of the largest private residential real estate companies in Germany. Evonik Steag GmbH, which is Evonik’s Energy Business Area, is Germany’s fifth largest power producer. It specializes in the production of electricity from coal and renewable sources. As a full-service provider, it focuses on engineering and consulting skills in the design, building and operation of ultra-modern power plants worldwide. With more than 70 years experience in the power industry, it has developed over the years into a successful international Independent Power Producer (IPP). It employs a workforce of about 4,600 in its 66 business locations in ten countries worldwide (Germany, Turkey, Philippines, Colombia, Poland, Singapore, India, USA, Brazil and Nigeria).
STEAG State Power Inc. is a special purpose company established to own, build and operate the Power Plant. It is majority owned by Evonik Steag GmbH which is part of the German conglomerate Evonik Industries AG based in Essen, Germany. Evonik is the creative industrial group with business operations in over 100 countries around the world. It is a global leader in specialty chemicals, an expert in power generation, and one of the largest private residential real estate companies in Germany. Evonik Steag GmbH, which is Evonik’s Energy Business Area, is Germany’s fifth largest power producer. It specializes in the production of electricity from coal and renewable sources. As a full-service provider, it focuses on engineering and consulting skills in the design, building and operation of ultra-modern power plants worldwide. With more than 70 years experience in the power industry, it has developed over the years into a successful international Independent Power Producer (IPP). It employs a workforce of about 4,600 in its 66 business locations in ten countries worldwide (Germany, Turkey, Philippines, Colombia, Poland, Singapore, India, USA, Brazil and Nigeria).
Why use coal for electricity generation? Coal is one of the most abundant and affordable natural fossil fuels. It plays a major part in supplying the world’s power demand, thus, underscoring global economic and social development. Coal currently supplies about 38% of the world’s electricity. It underpins nearly all key industrial economies in the world.
Coal is one of the most abundant and affordable natural fossil fuels. It plays a major part in supplying the world’s power demand, thus, underscoring global economic and social development. Coal currently supplies about 38% of the world’s electricity. It underpins nearly all key industrial economies in the world.