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PEI switches on 5MW power plant in Agusan Volume III, No. 160
Editor : Cheng Ordoñez
By Cheng Ordonez Business Editor
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AN Francisco, Agusan del Sur - Peakpower San Francisco Inc. (PSFI) has inaugurated Monday a five-megawatt (MW) Bunker-Fired Power Plant to supplement the power needed by Agusan del Sur, through the Agusan del Sur Electric Cooperative, Inc. The 5MW Bunker-Fired Power Plant is situated inside the Agusan del Sur Electric Cooperative, Inc. (ASELCO) Compound at San Isidro, San Francisco, Agusan del Sur. Peakpower San Francisco Inc. (PSFI) is a wholly-owned subsidiary of Peakpower Energy Inc. (PEI), which operates under the auspices of A Brown Company. In May 2013, Peakpower Energy Inc. signed Power Purchase Transfer Agreement (PPTA) with Agusan del Sur Electric Cooperative, Inc. (ASELCO). Both parties agreed on the installation and operation by Peakpower of a complete and fully operational 5MW bunker-fired power plant within ASELCO’s fran-
5mw power plant in Agusan del sur inaugurated. Dr. Walter Brown, chairman of A Brown Company, Inc. and also chairman of the board of Peakpower, leads other dignitaries during the ribbon-cutting, signifying the switching on of the power plant facility. (Cheng Ordonez)
chise area under a BuildOperate-Maintain-Transfer agreement. Wartsila Philippines, Inc. is behind the technology running the 5MW BunkerFired Power Plant, even as it supply the engine of the project. Dr. Walter Brown, chairman of A Brown Company, Inc. and also chairman of the board of Peakpower, said, this early, they are currently negotiating for an expansion for another 5MW within the area. All-in-all, Dr. Brown
said, Peakpower has committed to supply 30MW in Mindanao next year. Dr. Brown said his company is into bunker fuel and not renewable energy, because they do not want to rely on government subsidy, but rather want to be competitive purely on the private sector. Roel Castro, president and chief executive officer of Peakpower, said the 5MW power plant inaugurated today will augment the load needed in the area of Agusan del Sur, which needs around
MESSAGE ASALAM ALAIKUM WARAHM ATULLAHI WARABAKATUH We join our Bangsamro brethren in thanking ALLAH S.W.T. for the signing of the Framework Agreement of Bangsamoro between the Philippine government and MILF. Insah Allah, we will achieve a true lasting peace. And we also hope that many Islamic countries and foreign funding institutions will pour huge investments Bangsamoro land. As our what our forefathers dreamed to experienced a true freedom of Bangsamoros, peace and prosperity. We would like to give honor to the real BANGSAMORO who really fight for our true freedom.. On behalf of our constituents of the Lone District of Basilan, We would like to greet our fellow BANGSAMORO brothers and sisters. “HAPPY 25Th PAKARADJAAN ARMM ANNIVERSARY”
31MW. The entry of Gaisano will require more. Castro said the completion of the bunker power plant is timely for the power requirement of the two big establishments that are being put up in San Francisco by Gaisano, which need 5 to 6 MW. Joel Jumonong, former president of ASELCO and on whose term the plant facility has been constructed, said the construction of the plant took less than a year starting from May 2014. Jumonong, who inspected the engine at Vaasa, Finland, last February 25, said the engine can run 24/7 using the Wartsila technology.
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story on Page B1 12 DecemberSee 9, 2014
EAGA adopts socio-cultural and education pillar By Joann Santiago of Philippine News Agency
DAVAO City - In recognizing the crucial roles of socio-cultural links and education in the promotion of greater understanding among diverse communities, the signing ministers of BIMP-EAGA recently agreed to explore socio-cultural and education as among the strategic pillars of the ASEAN sub-region. During the 18th BIMP-EAGA Ministerial Meeting held recently in Bandar Seri Begawan, Brunei Darussalam, signing ministers from the sub-region stressed that socio-cultural activities can contribute to building strong foundation for greater understanding, good neighborliness, and a shared sense of responsibility. BIMP-EAGA stands for Brunei Darussalam Indonesia Malaysia the Philippines East ASEAN Growth Area. The initiative was launched in 1994 as a key strategy to accelerate social and economic development of less developed areas in participating countries. “Recognizing the important role of education in contributing to the establishment of an ASEAN Community that is people-centered and socially responsible, we agree to explore and promote cooperation among the higher learning institutions in developing academic and professional human resource in the sub-region,” the ministers said in a joint statement that was released after the meeting. The proposed socio-cultural and education pillar will become the fifth pillar of BIMP-EAGA with tourism, agribusiness, connectivity, and environment being the other four pillars of the sub-region. The Philippine delegation, headed by Mindanao Development Chair Luwalhati Antonino proposed the inclusion of the new pillar during the 18th Ministerial Meeting. “This pillar is founded on the fact that BIMP-EAGA is a sub-regional family kept cohesive and firmly bonded by historical ties and geographic closeness,” said Antonino while adding “the crosscutting facets of socio-cultural sharing forms the core for greater understanding.” She said that the inclusion of education in this pillar underscores the importance of promoting knowledge sharing among students, young professionals, and faculty, as well skills improvement of workers within the sub-region. A presentation of the top priorities of the new pillar will be done in April next year during the proposed BIMP-EAGA Leaders’ Summit in Malaysia. Malaysian Minister of Foreign Affairs Pehin Orang Kaya Pekerma Dewa Dato Seri Setia Lim Jock Seng said the move to create the new pillar puts great emphasis on the human aspect of the sub-regional grouping. “This is in line with the ASEAN’s goal to become more people-centered, and demonstrates how BIMPEAGA can look into cooperation that involves the youth,” he added. The new pillar also aims to explore and promote cooperation among higher learning institutions in developing academic and professional human resource in the sub-region. Antonino said the past several and ongoing BIMPEAGA socio-cultural activities range from sports competitions, food festivals, student exchanges and Boy Scouts jamboree are all aimed at strengthening the growth area’s historical and cultural ties. During the recently-concluded 2nd BIMP-EAGA and IMT-GT Trade Fair and Business Leaders’ Conference here in the city, a side event on technical vocational education and training was conducted to intensify exchange of skills and human resources between Mindanao and its counterparts in the subregion. A partnership was also forged between the Palawan State University (PSU) – Philippines and Jesselton College – Kota Kinabalo in July this year to facilitate workplace industry placement and education programme exchanges between the neighboring states. On December 3, a 122 Philippine contingent of young athletes and coaches from Mindanao and Palawan left for Labuan, Malaysia to participate in the 8th BIMP-EAGA Friendship games. The Philippine participation aims to strengthen cross-border links through sports with EAGA-member countries. “We pushed for this pillar as our resolve to work towards people-oriented goals, and to form a sociallyresponsible EAGA community that will harness the human dimension of the sub-region,” said Antonino.
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