Agus rehabiliation to start in 2018
The Philippine government is eyeing to start rehabilitating 982-megawatt (MW) Agus-Pulangi hydroelectric power plants next year to take advantage of the oversupply in Mindanao.
Power Sector Assets and Liabilities Management Corp. (PSALM) OIC Lourdes Alzona said they are looking to bid out the contract to rehabilitate Agus starting next year.
?We should start in 2018 since the rehabilitation process will take months. The process will take longer depending on the upgrades needed, which units will undergo rehab first because we can?t do it all at once,? she said.
Finance Secretary Carlos Dominguez and Energy Secretary Alfonso Cusi have agreed that the Agus power complex should be refurbished first before selling the asset.
The Agus-Pulangi plants can only supply 40 percent of its total nameplate capacity to the Mindanao grid.
However, it is considered as the cheapest power source in Mindanao, with capacity being sold at around P2.70 per kilowatt-hour.