[SOURCE: IPP REVIEW COMMITTEE REPORT]
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Name
of Plant :
2 X 100 MW
Mindanao Power Barges (PB 117 & PB 118) (A4)
Name of IPP :
Consortium of
Mitsui & Co., Ltd.; Mitsui Engineering & Shipyard, Ltd.;
Burmeister & Wain
Scandinavian Contractor S/S
Contract Type :
Operating and Maintenance Agreement (originally BTO)/
Energy Conversion Agreement/Solicited
Status of Plant :
Operational
Cooperation Period :
15 years (July 1994 - July 2009)
Nature
of Issue
Issue
Recommendation
Termination of Agreement
Whether
to Continue or Discontinue the barge operation. Mindanao experienced drought
and suffered from unreliable system. These conditions are likely to recur.
During the times the barges were needed, the power barges had
served their purpose which was to provide reliability in the system. However,
with possible entry of Mindanao Coal Power Plant, PSALM must conduct a
cost-benefit analysis on the retention of power barges.
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