The government has awarded a contract to an international company that will install and supply the Mindanao Substation Expansion Project.
In a press statement furnished by National Transmission Corporation (TransCo) corporate communications officer for southeastern Mindanao Milfrance Capulong to the Davao business reporters it stated that contracts had been signed between them and a South Korean company.
With $10.756 million fund sourced out from the Asian Development Bank, the Iljin Heavy Industries Company will supply substation equipment for the major transmission substations in Mindanao.
The project will cover the major substations in Sta. Clara, Zamboanga Sibugay; Kibawe, Bukidnon; the cities in Bislig, Butuan, Davao and Tindalo, Nabunturan, Compostela Valley.
It will also include the installation of additional power transformers, including switching and protection equipment to avert overloading.
Another contract was signed by TransCo for the restoration of the transmission lines destroyed by typhoon Reming with Kalpataru Power Transmission Ltd.
With assurance from the Korean company and its local partner Tan Delta Electric Corp. and as indicated in the contracts, it will complete the project within 330 days.
TransCo president Arthur Aguilar stated that the expansion will allow the state-owned power company to maintain the efficient and reliable delivery of power to its customers including distribution utilities, electric cooperatives and industries.
TransCo in its pronouncement two years ago during a business conference held in Davao City, assured the business sector to fast track implementation of power projects in the island as the demand for more power supply continue to increase. (PIA XI/prixdbanzon).