Philippines: Aboitiz Power Corp to transmit power to Cebu from Tiwi
Alexander Richter
26 Aug 2009
Leading renewable energy producer Aboitiz Power Corp. is in talks with the National Grid Corp. of the Philippines (NGCP) for the trailblazing transmission of geothermal power from Luzon to the Visayas, where supply has been tight since summer.
Reported locally, “Leading renewable energy producer Aboitiz Power Corp. is in talks with the National Grid Corp. of the Philippines (NGCP) for the trailblazing transmission of geothermal power from Luzon to the Visayas, where supply has been tight since summer.
Erramon I. Aboitiz, Aboitiz Equity Ventures, Inc. president and chief executive officer, said they were hoping to send as soon as possible at least 10 megawatts during off-peak hours through the existing submarine cables connecting Luzon to Leyte and Leyte to Cebu.
Aboitiz Power is a unit of Aboitiz Equity Ventures, the listed holding company of the Cebu-based Aboitiz family.
“We hope [this happened] yesterday,” Mr. Aboitiz said in a press conference following the launch in the Visayas yesterday of the new Aboitiz Power logo and Cleanergy brand.”
Source: BusinessWorld Online
