Aboitiz power unit shuts down Batangas biomass plant
Aboitiz Power Corp. has permanently shut down the operations of its 8.8 megawatt biomass power plant in Lian, Batangas.
The facility, owned by AP’s wholly- owned subsidiary Aseagas Corp., ceased operations due to unavailability of supply of organic effluent wastewater from its supplier.
“Total value affected as a result of the closure is estimated to be P3.7 billion, which represents Aseagas invested equity of P3.45 billion,” AP said.
The company decided to make the plant shutdown permanent after a full assessment.
“Our top consideration now is to balance the interests of all our stakeholders, including that of Aseagas’ employees,” said Antonio R. Moraza, AP president and COO.
Moraza said AP is still on track to add some 500 MW of attributable capacity, mainly from baseload and hydro power plants in 2018. This pushes the company closer to its 2020 target of 4,000- MW net attributable capacity.