[ Manila Bulletin Online ] February 8, 2009
TOLEDO CITY, Cebu — Formosa Heavy Industries Inc. (FHI) of Taiwan announced recently the shipment of the first steam drum for the construction of three 82-megawatts (MW) unit coal-fired power plant in Toledo City.
Cebu Energy Development Corp. (CEDC), a consortium of Global Formosa Holdings Inc. of Taiwan, Global Business Power Corp. and Abovant Holdings Inc. of the Cebu-based Aboitiz Group, is pushing through with its $ 500-million power plant in the province’s western seaboard despite the global economic meltdown, said CEDC Executive Vice President Rudolfo Bollozos.
"The delivery of the steam drum is a testament that the economic crisis will not stop us from finishing the power plant, which will be a significant development to the supply of power in the Cebu-Negros-Panay grid," Bollozos said.
The coal-fired power plant with a combined capacity of 246-MW broke ground on Jan. 26 last year and is expected to be completed by early 2010.
The steam drum and all of the components of the power plant -- from boilers to turbines and generators -- are fabricated at the Malliao complex of FHI in Taiwan. (Malou M. Mozo)
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