Korean firm to build $300-M coal power plant in Cebu

Korean firm Doosan Heavy Industries & Construction Co. Ltd. has bagged the engineering, procurement and construction (EPC) contract for the $300-million Cebu coal-fired power plant owned by Kepco-SPC Power Corp., a partnership between Korea Electric Power Co. Philippines Corp. and Salcon Power Corp.

Doosan has built over 300 nuclear, thermal, combined cycle and hydropower plants around the world and is currently building more than 60 power plants in Korea, India, China and the US.

The company is fast becoming an EPC contractor of choice as a result of continuous investments and R&D, while also developing wind power systems, fuel cells and environmentally friendly next-generation energy.

In May this year, Doosan was awarded with the construction of the 4,000-megawatt ultra-mega coal-fired power plant in Mundra, India, the largest project of its kind in the world.

For the Cebu project, the two units consisting of 100 megawatts each, will be built within the reclaimed land of the Naga power plant complex.

The target completion for Units 1 and 2 are in 39 months and 42 months, respectively.

The facility will be utilizing circulating fluidized bed combustion (CFBC), a clean coal technology, proven to be compliant with stringent environmental laws such as the Philippine Clean Air Act and World Bank standards.

“Kepco-SPC took the risk of establishing the first power generation plant under the Electric Power Industry Reform Act without any government guarantee, not only to strengthen our Philippine investment portfolio, but also to address the projected power shortage in the Visayas grid and bring employment and business opportunities for Cebu,” said Kepco-SPC president Lee Kang Won.