TMI completes generator repairs; adds 50MW to Mindanao grid


Posted at May 07 2013 01:29 PM | Updated as of May 07 2013 09:29 PM

MANILA, Philippines - Therma Marine Inc. (TMI), a subsidiary of AboitizPower, said it has finished repairs on one of the generators of its power barge in Maco, Compostela Valley.

This means the Mindanao grid will get back 50 MW of capacity, helping reduce rotating brownouts and ready for the elections on May 13.

"The repair works were completed ahead of schedule and additional power has been made available to the 23 Mindanao electric cooperatives and distribution utilities starting over the weekend," said TMI Chief Operating Officer Jovy P. Batiquin in a statement.

Batiquin said the all of the generator units are now running, which will provide power not just for the elections but for the rest of the summer.

One of two generators of Therma Marine Mobile 1 was down for repairs in March. The TMI barges had been operating 24 hours a day, amid the power crisis in Mindanao.

The Maco barge and another barge moored in Nasipit, Agusan del Norte, produce a combined total of 200-MW of peak power for Mindanao.

TMI's power cost is 90% for fuel, a pass through charge, while 10% is for salaries, maintenance, spare parts, capital recovery and other company expenses. TMI iss aid to be the cheapest oil-fired power plant in Mindanao.