By: Tagum City Information Office
TAGUM CITY- A 15-megawatt heavy fuel oil peaking power plant based in Magdum, Tagum City is expected to boost the electricity-starved Mindanao grid with its formal inauguration last January 17, 2014.
The 610 million-peso investment of the EEI Power Corporation, one of the firms under the Yuchengco Group of Companies, is a diesel-fired power plant, which will cater the needs of Davao del Norte Electric Cooperative (DANECO).
The Tagum bunker diesel-fired power plant, which will be dispatched to meet peak demand, is 100-percent owned by EEI.
Mayor Allan L. Rellon said this is a welcome development for the city, which is served by DANECO to at least curtail the power shortage in the city and make it friendlier for businesses.
The local chief executive added that this is important to entice more businessmen to pour their investments in the city.
“We don’t claim to solve the problem in power but we are here offer a little help for the city and for our people to send their children to school and feed them,” said EEI President Roberto Jose L. Castillo, referring to their 54-man team composed mainly of Tagum residents.
The plant operates on peaking hours from 8 AM to 10 PM.(Louie Lapat of CIO Tagum)
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