MANILA, Philippines, April 28 (UPI) -- State-owned Philippines National Oil Company Exploration Corp. is to build a $111.5 million coal-fired power plant in Isabela.
The Manila Standard Today reported Wednesday that PNOC Exploration decided to advance the project after receiving an environmental clearance certificate.
PNOC Exploration informed the Philippine Stock Exchange that the power plant, with a generating capacity of 30-100 megawatts, would use low-grade coal from Isabela as fuel. Construction of the Isabela coal plant is to begin early next year and is expected to be online by 2013.
PNOC Exploration has coal operating contracts for Cauayan City and the municipalities of Naguilian and Benito Soliven in Isabela.
PNOC Exploration issued a statement noting, "The preparation of the terms of reference for the grid impact study, mining plant, front-end engineering design and the land acquisition and relocation plan is ongoing."
Former PNOC Exploration Chairman Jacinto Paras said: "We're talking to some investors to partner with us in putting up a mine-mouth power plant. Our coal is low-grade, so we're trying to fit that grade to a new power plant that would accept that kind of coal quality."