What is the Mindanao Power Plant? The Mindanao Power Plant is composed of two (2) identical units, each with a capacity of 105 megawatts, equivalent to a total of 210 megawatts net generating capacity. Once operational in December 2006, the power plant will provide electricity to the Mindanao grid representing about 15% of the island’s total power demand. The project, which costs about $US305 million, is implemented through a Build-Operate-Transfer scheme under a 25-year cooperation period with the National Power Corporation (NPC). The plant site covers an area of 55.42 hectares. What is STEAG State Power, Inc.? • STEAG State Power Inc. (SPI) is the project company of the 210 MW Mindanao Coal-Fired Power Plant currently being established to address the challenge of providing a secure supply of power in Mindanao. The first-ever coal-fired power plant in Mindanao, with costs around of US$ 305 million, is a BOT (Build-Operate-Transfer) project that will operate for the next 25 years. STEAG State Power, Inc. is a BOI-registered Philippine company whose shareholders are State Investment Trust,s in Leuna (158 MW) and in Cologne-Godorf (215 MW), respectively. • Further, STEAG AG is the only German power company actively pursuing international power projects, namely the 165 MW Termopaipa Plant in Colombia and the 1320 MW Iskenderun Plant in Turkey. Technical support for the construction, erection, start-up, testing, commissioning, operations, and maintenance of the Mindanao Coal-fired Power Plant is provided by STEAG AG. 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 over 38% of the world’s electricity. Coal is the mainstay of the world’s two most popular and fastest growing nations, namely China and India, plus it underpins nearly all key industrial economies including the United States and Germany. What are the benefits that the Power Plant can provide? Having the Power Plant in its present location in Villanueva, Misamis Oriental, will create for the neighboring communities and even the key cities nearby, significant benefits once commercial operations begin in 2006. SPI has developed a comprehensive community development program to address the needs and concerns of the affected households and residents of the host communities, and the nearby communities as well. Among its programs are skills training and enterprise development, health and nutrition, socio-cultural enhancement activities, and a sound environment preservation program. Will there be an effect in the price of electricity when the Power Plant starts operating? The price of electricity is a regulated item under the review and approval of the Energy Regulatory Commission (ERC). It is ERC that determines whether a decrease or increase of the price of electricity in Mindanao will occur. SPI is not part of any decision made by the ERC in determining power rates.
What is the Mindanao Power Plant? The Mindanao Power Plant is composed of two (2) identical units, each with a capacity of 105 megawatts, equivalent to a total of 210 megawatts net generating capacity. Once operational in December 2006, the power plant will provide electricity to the Mindanao grid representing about 15% of the island’s total power demand. The project, which costs about $US305 million, is implemented through a Build-Operate-Transfer scheme under a 25-year cooperation period with the National Power Corporation (NPC). The plant site covers an area of 55.42 hectares.
The Mindanao Power Plant is composed of two (2) identical units, each with a capacity of 105 megawatts, equivalent to a total of 210 megawatts net generating capacity. Once operational in December 2006, the power plant will provide electricity to the Mindanao grid representing about 15% of the island’s total power demand.
The project, which costs about $US305 million, is implemented through a Build-Operate-Transfer scheme under a 25-year cooperation period with the National Power Corporation (NPC). The plant site covers an area of 55.42 hectares.
What is STEAG State Power, Inc.? • STEAG State Power Inc. (SPI) is the project company of the 210 MW Mindanao Coal-Fired Power Plant currently being established to address the challenge of providing a secure supply of power in Mindanao. The first-ever coal-fired power plant in Mindanao, with costs around of US$ 305 million, is a BOT (Build-Operate-Transfer) project that will operate for the next 25 years. STEAG State Power, Inc. is a BOI-registered Philippine company whose shareholders are State Investment Trust,s in Leuna (158 MW) and in Cologne-Godorf (215 MW), respectively. • Further, STEAG AG is the only German power company actively pursuing international power projects, namely the 165 MW Termopaipa Plant in Colombia and the 1320 MW Iskenderun Plant in Turkey. Technical support for the construction, erection, start-up, testing, commissioning, operations, and maintenance of the Mindanao Coal-fired Power Plant is provided by STEAG AG.
• STEAG State Power Inc. (SPI) is the project company of the 210 MW Mindanao Coal-Fired Power Plant currently being established to address the challenge of providing a secure supply of power in Mindanao. The first-ever coal-fired power plant in Mindanao, with costs around of US$ 305 million, is a BOT (Build-Operate-Transfer) project that will operate for the next 25 years. STEAG State Power, Inc. is a BOI-registered Philippine company whose shareholders are State Investment Trust,s in Leuna (158 MW) and in Cologne-Godorf (215 MW), respectively.
• Further, STEAG AG is the only German power company actively pursuing international power projects, namely the 165 MW Termopaipa Plant in Colombia and the 1320 MW Iskenderun Plant in Turkey. Technical support for the construction, erection, start-up, testing, commissioning, operations, and maintenance of the Mindanao Coal-fired Power Plant is provided by STEAG AG.
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 over 38% of the world’s electricity. Coal is the mainstay of the world’s two most popular and fastest growing nations, namely China and India, plus it underpins nearly all key industrial economies including the United States and Germany.
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 over 38% of the world’s electricity. Coal is the mainstay of the world’s two most popular and fastest growing nations, namely China and India, plus it underpins nearly all key industrial economies including the United States and Germany.
Having the Power Plant in its present location in Villanueva, Misamis Oriental, will create for the neighboring communities and even the key cities nearby, significant benefits once commercial operations begin in 2006. SPI has developed a comprehensive community development program to address the needs and concerns of the affected households and residents of the host communities, and the nearby communities as well. Among its programs are skills training and enterprise development, health and nutrition, socio-cultural enhancement activities, and a sound environment preservation program.
Will there be an effect in the price of electricity when the Power Plant starts operating? The price of electricity is a regulated item under the review and approval of the Energy Regulatory Commission (ERC). It is ERC that determines whether a decrease or increase of the price of electricity in Mindanao will occur. SPI is not part of any decision made by the ERC in determining power rates.
The price of electricity is a regulated item under the review and approval of the Energy Regulatory Commission (ERC). It is ERC that determines whether a decrease or increase of the price of electricity in Mindanao will occur. SPI is not part of any decision made by the ERC in determining power rates.