RP Energy inks contracts for Subic coal power plant

MANILA, Philippines – Redondo Peninsula Energy Inc. (RP Energy) has sealed construction and supply contracts with a local company and a Korean firm to build its 2x300-megawatt (MW) coal-fired power plant in Subic, Zambales.

RP Energy signed a construction contract with Azul Torre Construction Inc. and a supply contract with Korean firm Doosan Heavy Industries & Construction Co. Ltd., Aboitiz Power Corp. disclosed to the Philippine Stock Exchange yesterday.

“The power plant is projected to go online by mid-2020,” it said.

RP Energy is a consortium composed of Meralco Powergen Corp. (47 percent), AboitizPower unit Therma Power Inc. (25 percent) and Taiwan Cogeneration International Corp. (25 percent).

Azul Torre is a recently incorporated local construction company based in Subic, Zambales where Doosan Heavy Industries has a stake in.

Meanwhile, Doosan Heavy Industries has built over 300 nuclear, thermal, combined cycle and hydropower plants around the world.

Last week, AboitizPower president and COO Antonio Moraza said pre-construction works have already started for the first 300 MW of the 600-MW RP Energy project in Subic.

The project is targeted for groundbreaking by mid-January 2017, he said.

After much evaluation, RP Energy decided to stagger the construction of the Subic power facility due to the pending resolution of its transmission problems.

The power plant was originally targeted to be online in 2016, but faced strong opposition from environmental groups which filed a writ of kalikasan case in 2012.