Mindanao Daily Northmin (September 14, 2015)

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A2 Mindanao Daily NEWS BUSINESS . northmin . caraga . davao Your Mindanao-wide Community Newspaper

Business

Editor : CHRISTINEEditor H. CABIASA - iamxtine1992@yahoo.com : CHENG ORDOÑEZ

Therma South to start operations next week By Juzel L. Danganan of Philippine News Agency

M

ANILA – Mindanao-based Therma South Inc., is scheduled to start commercial operations next week with its first 150-megawatt (MW) unit, said Aboitiz Power Corp. president and chief operating officer Antonio Moraza.

”Commercial operations sometime next week, we have been testing,” he told reporters when asked about the power plant. Therma South Inc. is a subsidiary of Aboitiz Power Corp. The president noted the coal-fired power plant also had problems during its

commissioning, coinciding with the brownouts in Mindanao caused by the shutdown of the 210-MW STEAG State Power Inc. (SPI) coal-fired power plant and the 108.48-MW Mt. Apo geothermal power plant. Moraza, however, added the current and improved power situation in Mindanao has made everyone glad. With the operations of the baseload power plant, Mindanao will have more stable power and lower the risk of brownouts. Therma South Inc. was targeted to start commercial operations during the second quarter of the year, but was damaged due to the Mindanao-wide blackout

that occurred on April 5. According to Energy Department data, 20 distribution utilities will source capacity from the Php 24-billion coal fired power plant, which will have two 150-MW units. Mindanao was earlier reported to have a shortage in capacity due to the low water levels of its hydropower plants, which is the majority power source in Mindanao. The Mindanao Power Monitoring Committee (MPMC) said in July the low water levels brought few capacity to the Agus-Pulangi hydropower complexes. It provides around half of the island’s power supply. (PNA)CTB/JLD)

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Solar Philippines, Pioneer offer insurance for solar rooftops By Juzel L. Danganan

MANILA -- Solar-developer Solar Philippines and insurance-firm Pioneer is now offering “Solar Protect”, an insurance policy for solar rooftops. ”Solar Protect allows hous eholds with s olar installations to mitigate the costs arising from solar panel damage caused by fire, lightning, earthquakes, typhoons, floods, falling aircraft/objects f a l l i n g f ro m a i rc r a f t , robbery, vehicle impact, smoke and explosions, riots, strikes, malicious damage by 3rd parties and vandalism,” said Solar Philippines in a statement Friday. Solar Philippines said it will service repair and replacement of the solar installations under the

insurances covered by “Solar Protect”. Solar Phils. president and chief executive officer Leandro Leviste said, “It’s an honor to work with an industry leader with the same enthusiasm for solar technology.” Pione er, w hich was established in 1954, offers insurance both for industries and individuals. It is a 100-percent owned Filipino company. Solar Philippines, on the other hand, is a solar developer that develops and installs both groundmounted and solar-rooftop projects. Among its projects are the solar rooftop in SM North EDSA and the 60-megawatt (MW) solar farm project in Calatagan, Batangas. (PNA)LGI/JLD)

XU’s Circulo de Arte holds exhibit at Capricho Photo Essay by MARK FRANCISCO Lifestyle Editor

A total of 45 artworks done by members of Xavier University’s Circulo de Arte were displayed at Capricho Art Café, the only shop of its kind in Cagayan de Oro City located at the ground level of Rodelsa Hall, Liceo de Cagayan University. The exhibit in paper and ink, aptly titled as Translations, were crafted by 29 members of Circulo de Arte. The exhibit will run up to October 12 this year.

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