Cadiz City power station

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Cadiz City power station is a proposed 300-megawatt (MW) coal-fired power station in Negros Occidental province, the Philippines.

Location

The map below shows the project site, in Banquerohan Barangay, Cadiz City, Negros Occidental Province.[1]

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Background on Project

North Negros Energy Power, a subsidiary of Asia Pacific Energy Resources Ventures, is currently planning to build a single-unit coal-fired power plant with planned capacity of 150 MW in Negros Occidental Province, with plans to expand to a second 150-MW unit later.[2] The project is expected to cost P14 billion, or about $300 million.[3]

The project is intended to address the power shortage on the island of Negros, particularly in the wake of Typhoon Yolanda. According to company President Ceasar Lao-as, Asia Pacific Energy Resources Ventures, 14 potential investors have expressed in investing in the project. Among potential investors, South Korea's Kepco is a leading prospect. Lao-as said investors need to inject a capital equity estimated at $9.3 million or P404 million and can own up to 40 percent in the development stage and 100 percent in the operational level.[2]

Environmental permits for Unit 1 were issued in February 2015, at which time APERVI stated that it would be awarding the project's engineering, procurement, & construction (EPC) contract in May or June, following a bidding process. The unit was then slated to be completed in Q1 2017.[4] In March 2015 APERVI signed coal supply agreements with Energy Earth Public Co. of Thailand for supply of coal from Indonesia; the company stated that it planned to begin construction by late 2015 or early 2016.[5] A date for Unit 2 construction had not yet been set.[4]

In February 2016 Cadiz mayor Patrick Escalante expressed reservations about the project, saying the city had enough power, and that Negros Occidental was now primarily focused on renewable energy generation.[6]

As of November 2017 there has been no news about this project since mid-2015. With no progress in two years, the project appears to be shelved.

Ownership

In 2014, Asia Pacific Energy Venture Inc. (Apervi) became part of Sparkling Commodities after Sparkling Commodities, a French company, acquired majority shares of Apervi through its subsdiary Sparkling Capital Ltd of Hong Kong.[7]

Coal terminal

Sparkling Commodities completed a coal terminal at the Cadiz City Port in 2014. It uses the terminal to deliver coal to Negros Occidental.[6]

Project Details

  • Sponsor: North Negros Energy Power Corp.
  • Parent: Asia Pacific Energy Resources Ventures (APERVI), owned by Sparkling Commodities
  • Location: Banquerohan Barangay, Cadiz City, Negros Occidental Province, Philippines
  • Coordinates: 10.95246, 123.33157 (exact)
  • Status: Shelved (Phase I), Shelved (Phase II)
  • Gross Capacity: 300 MW (Phase I Unit 1: 150 MW; Phase II Unit 2: 150 MW)
  • Type: Subcritical
  • Projected in service:
  • Coal Type:
  • Coal Source:
  • Source of financing:

Articles and resources

References

  1. Cadiz Coal-Fired Power Plant, Wikimapia, accessed Feb. 2015.
  2. 2.0 2.1 Mozo, Malou. Negros power plant open to partnership. Manila Bulletin, 4 Dec. 2013.
  3. Mozo, Malou. North Negros coal-fired power plant on schedule. Manila Bulletin, 23 Feb. 2015.
  4. 4.0 4.1 Dagooc, Ehda. Power firm secures ECC to build coal-fired plant. Philippine Star, 23 Feb. 2015.
  5. Carla Gomez, 3 contracts inked for P15B coal plant, Visayan Daily Star, 31 Mar. 2015.
  6. 6.0 6.1 "Coal terminal boosts income of Cadiz City," Sun Star, February 26, 2016
  7. Aileen Garcia-Yap, Apervi eyes aggressive expansions in power sector," Cebu Daily News, June 16, 2014

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