PEAKPOWER Soccksargen Inc. (PSI), a wholly owned subsidiary of Peakpower Energy Inc. (PEI), on Monday said its 20-megawatt (MW) bunker-fired power plant is ready for commercial operation by the end of this month.
The power facility inside the compound of South Cotabato Electric Cooperative II (Socoteco II) in Barangay Apopong, General Santos City, will supply electricity to the customers of the electric cooperative, ensuring the stability of power supply in the city and the neighboring areas, PSI President Roel Castro said.
Electric-power consumers, especially those in the business sector, will no longer have to worry about power outages due to inadequate generation capacities, especially during peak hours, Castro said.
Socoteco II supplies electricity to Soccsksargen (South Cotabato, Sarangani and General Santos). The whole franchise area of Socoteco II requires a daily peak-power demand of 120 MW.
Around 93 percent of our residential customers will be benefited when the power plant begins commercial operations, Socoteco II President Elenito Senit said. We are really looking forward to the day we start operating this power plant, since we know that, given the huge peaking requirement of our franchise area, this is one way we can show our customers that we are doing the best we can to serve them better.
For the last few years, the whole franchise area of Socoteco II has been suffering from daily rotational brownouts lasting up to eight hours due to insufficient power supply.
For many years, the General Santos Chamber has been pushing Socoteco II for an embedded power plant. Finally, it is here and ready to operate.
With the power plant’s operation, it will enable power customers in the business sector to maintain their required level of economic activities because they are provided with their electric-power requirements, especially during the times when they need it the most, said Raul Josefino F. Miguel, president of General Santos City Chamber of Commerce and Industry Inc.
PSI signed a power-supply and -transfer agreement with Socoteco II in March 2013.
PEI is a joint venture of A Brown Co. Inc., Enterprise Holdings Corp., World Power Alliance Ltd. and Power Mavens Holdings Ltd.