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THE FDC-Misamis Power Corp. of the Filinvest Group yesterday announced the successful synchronization of the first unit of its 405-mw flagship project in Villanueva, Misamis Oriental, to the Mindanao grid.

“Commercial operations is expected after the completion of reliability tests in the coming weeks,” said Juan Eugenio Roxas, FDC Misamis head. “We know how critical the project is to help bring much needed power to the Mindanao grid. We deeply appreciate the commitment and dedication of our FDC team, as well as our contractors, to meet our assurance to deliver power to our customers at the soonest time possible.”

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Contractual commitments have been secured for more than 80 percent of the project’s net capacity with various distribution utilities and large industrial customers in Mindanao.

“This will help ensure the supply of reliable and competitively-priced power for the province and the rest of the region,” Roxas said.

Located at the Phividec Industrial Estate in Villanueva town, the power plant is a multibillion peso investment that uses the latest in “clean coal” technology:  the circulating fluidized bed (CFB) boiler technology.  Considered as the “cleanest process” to burning coal, the technology is also known for having higher steam generator efficiency thus lowering carbon emissions.

FDC Misamis is a subsidiary of FDC Utilities, Inc. (FDCUI) and a member of the Gotianun-led Filinvest Development Corp.

“This is in line with the Duterte’s administration’s thrust to promote regional growth most especially in Mindanao,” said FDC Misamis vice chairman Andrew Gotianun Jr..

According to Mario Pangilinan, FDCUI president and chief operating officer, the power plant is also expected to help secure investment potentials in the Mindanao area.

“Mindanao needs to grow like the rest of the country like Luzon and Visayas.  And one of the things needed for the growth is attraction of investors through more power facilities.”

Pangilinan said this is in line with the direction of the newly appointed Department of Energy (DOE) secretary.

Prior to his appointment, Energy Secretary Alfonso Cusi said, “I will strive to do my best to help the Duterte administration achieve electrification of the entire country, ensure reliable, steady and affordable power supply and work towards greater energy self-sufficiency as part of its agenda of sustained economic growth, social progress and political stability in the next six years.”

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