News

Lower rate seen in Sarangani, Socoteco power supply deal

MAASIM Mayor Arturo Lawa (4th from left) with officials of Sarangani Energy Corporation and engineers from project contractor Daelim Industrial Corporation Limited flash the thumbs up sign to signal the start of design and engineering work of the 200 megawatt coal-fired power plant at the construction site in barangay Kamanga. Photo taken June 14. (Cocoy Sexcion/SARANGANI INFORMATION OFFICE)


BY ROGER M. BALANZA

 Aside from assurance of stable power supply, consumers would be paying at least P2 less per kilowat hour under a power supply deal between Sarangani Energy Corp. (SEC) and the South Cotabato Electric Cooperative-2 (Socoteco-2).
    With supply from Sarangani Energy, electricity rate of Socoteco-2 will be P6.31 per kilowatt hour (kWh), lower than the (current rate) of P8.24 per kWh, from 2017 to 2027, said the Energy Regulatory Commission (ERC).
    Socoteco-2 serves General Santos City, Sarangani province and parts of South Cotabato.
    The bright news for the power consumers was projected in a decision by the ERC that has approved the Power Sales Agreement (PSA) between SEC and Socoteco-2.
    ERC chairman Zenaida G. Cruz-Ducut and, commissioners Maria Theresa A.R. Castaneda and Alfredo J. Non, approved the PSA in a 75-page decision signed on July 30, 2012.
    The power supply would be sourced from Sarangani Energy which is building a 120-MW Circulating Fluidized Bed Combustor Boiler Coal-Fired power plant in Maasim, Sarangani .
    Under the 25-year PSA approved by ERC, Socoteco-2 would get 70 MW of base load power from the Alcantara Group-led power plant to be built at an estimated cost of US $280 million, with plans to push the stake higher to
200 MW or a total project cost of US$450 million.
    Tomas Alcantara, chairman of Alsons Consolidated Resources, Inc., earlier assured that under the SEC-Socoteco-2 power supply deal consumers of Socoteco-2 will enjoy “the benefits of safe, reliable and affordable energy.”
    Alcantara said his company remain steadfast in its dedication to building a secure, ecologically sustainable, and prosperous future for the people of Soccsksargen and the rest of Mindanao.

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