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Bacolod City, Philippines Friday, February 26, 2016
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IN CADIZ
French firm still eyeing
coal-fired power plant

A Hong Kong-based French firm is planning to build a coal-fired power plant in Cadiz City.

Sparkling Commodities of France, through Hong Kong-based Sparkling Capital Limited, plans to develop a 150-megawatt coal-fired power plant expandable to 300 MW in the 10-hectare Cadiz City Commercial Port, a reclamation site in Barangay Banquerohan.

Chief Operating Officer Jean-Pierre Corin, who supervises the company-owned coal terminal located 2 kilometers away from the port, said “The company sees a great potential for industry and commerce in Cadiz City.”

Mayor Patrick Escalante said the two year-old coal storage terminal in Cadiz receives deliveries once a month, from a coalmine in Indonesia, that is sold to sugar mills in Negros Occidental.

“They still have to acquire permits. To get a coal power plant running, they might need at least 300 permits for the processing,” Escalante said.

Escalante said the construction might take five years before the coal plant would be fully functional.

The proposed coal power plant might not be needed for the electricity needs of the province, Escalante said, adding that Neg. Occ. is currently being a hub for immerging renewable energy sources such as the solar farms located in La Carlota town and Cadiz and Silay cities.

He said they will have more than enough power supply delivered by these solar plants, we might even export the surplus to Cebu.

Escalante said the main market of the coal terminal in Cadiz are the sugar mills that still require coal in their refineries.

Sparkling recently delivered two batches of coal with to a total of 15,000 metric tons to Cadiz shores last December 2015, Corin said. He added that the plan is to supply sugar industries with coal and in parallel to welcome this power plant project expected in a year and a half to two years.

Corin also said the company has invested USD20 million or roughly P953,430,000 for the coal terminal. Escalante said that Sparkling is taxed P1 million for every batch of coal arriving in Cadiz port.

Sparkling Commodities is running a study, and currently dealing with the legal process, Corin said.

“Most probably we'll be able to start the project this year when the mayor and the stakeholders have approved it and as soon as our studies are done,” he added.

In May 2014, Sparkling commodities acquired majority of the shares of the Asia Pacific Energy Resources Ventures, Inc., a Cebu-based coal trading and mining equipment distribution company that owns the subsidiary North Negros Energy Power Corp.*KBC

 

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