plants up for sale
Published by the Visayan Daily Star Publications, Inc.
|NINFA R. LEONARDIA|
Editor-in-Chief & President
NIDA A. BUENAFE
MAJA P. DELY
ANTONIO L. LEONARDIA|
The Palinpinon geothermal power plant in Negros Oriental and the Tongonan geothermal power plant in Leyte are now on the auction block, up for grabs to the highest bidder, and paving the way for its privatization after 26 years of operation.
The Palinpinon geothermal power plant consists of two power stations with 192.5 megawatt steam turbines, while the Tongonan consists of three 37.5-MW units with a total 112.5 MW. Both were commissioned in 1983.
The Palinpinon geothermal power plant located in Valencia, consists of two stations. Palinpinon 1, which was commissioned in 1983 with 112.5 MW. And Palinpinon 2 consists of three modular power plants that were commissioned in 1993, 1994 and 1995 with 80 MW.
Both sites which have been extracting steam and turning it into power for many years, did not stop producing steam for 26 years. Other geothermal power plants may suddenly stop producing steam within 10 years in some cases. No fuel is used to generate the power, which, in return, means running costs, are low as there are no costs for purchasing, transporting, or cleaning up of fuels.
The overall financial aspect of these plants is outstanding, we only need to provide power to the water pumps, which can be generated by the power plant itself.
Now that the Power Sector Assets and Liabilities Management Corporation board has decided to sell the geothermal assets this year, our only wish is that the winning bidder continues providing good service to the region.
But, if geothermal power stations are able to provide clean, cheap and renewable power, why is it that our electric bills are so high?*