Corporate News

Operations partly restored at Bacman geothermal

Posted on August 27, 2014

THE BACON-MANITO (Bacman) geothermal power plant in Bicol has resumed partial operations following the repair of facilities damaged by typhoon Glenda (international name: Rammasun) last month.

Plant owner Energy Development Corp. (EDC) said in a disclosure on Tuesday that the first 55-megawatt (MW) unit of the plant achieved its rated load after repairs to its damaged cooling tower.

For the second 55-MW unit, the Lopez-controlled company said that “[t]he cooling tower restoration works is still ongoing and is being carried out concurrently with the installation of a brand new Toshiba steam turbine rotor unit and diaphragms…”

The unit is expected to be operational in October, said EDC.

The Bacman power facility -- which straddles Bacon, Sorsogon and Manito, Albay -- consists of two 55-MW plants and a third 20-MW unit.

The third unit is undergoing a one-month scheduled shutdown which began in July, to pave the way for maintenance and turbine replacement.

“Unit 3 has attained stable load of 18 MW and is currently on a 30-day reliability run following the installation of a brand new Toshiba generator,” EDC reported.

EDC submitted the highest bid of $28.25 million for the Bacman power facility in an auction conducted by the Power Sector Assets and Liabilities Management Corp. in May 2010.

EDC currently operates 12 power facilities in five geothermal service contract areas, including the 192.5-MW Palinpinon plant in Negros Oriental and 112.5-MW Tongonan plant.

It is also involved in hydropower generation through First Gen Hydro Corp., which operates the 132-MW Pantabangan-Masiway plant in Nueva Ecija.

EDC gained three centavos or 0.42% to P7.18 on Tuesday. -- Claire-Ann Marie C. Feliciano