EDC signs EPC contract for 31 MW Bac-Man 3 project, Philippines
Philippines-based EDC signs design and equipment supply contract for 31 MW Bac-Man 3 geothermal plant with Hyundai Engineering and Galing Power & Energy Construction.
This morning, Lopez-led Energy Development Corporation (EDC) announced that it “has signed a design and equipment supply contract with Hyundai Engineering Co., Ltd. (HEC) and a construction services contract with Galing Power & Energy Construction Co. Inc., for the engineering, procurement and construction of its 31-MW Bac-Man 3 geothermal power plant in Barangays Capuy, Bucalbucan, Rizal and Bulabog, Sorsogon City, Sorsogon Province.
The Bac-Man 3 project has an estimated project cost of Php7.6 Billion and is targeted to be completed and operational by the last quarter of 2017.
“Given its specifications, the Bac-Man 3 power plant is expected to withstand harsh weather conditions and improve plant reliability. Once operational, Bac-Man 3 project will augment the power generating capacity of the Luzon grid and address the projected demand growth in the region with clean and affordable power,” EDC Business Development Vice President Vincent Villegas said.
“This project is meaningful to HEC since we will be focusing largely on renewables as one of our strategic businesses in the future,” HEC Power and Energy Head Park Jun Sung said. The Bac-Man 3 project will reduce greenhouse gas emissions by about 270 kilotons of CO2 annually if a similar capacity of fossil-fired power plant were to be built.
The addition of Bac-Man 3 project to EDC’s geothermal portfolio solidifies its leadership in the Philippine geothermal industry. EDC owns and operates 1,169MW of integrated geothermal projects in Leyte, Negros Islands, Bicol and North Cotabato. It also successfully commissioned the 150 MW Burgos Wind Project, the largest in Southeast Asia. Aside from geothermal and wind, EDC also operates hydropower and solar energy plants.
Source: EDC announcement