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Bacman geothermal facility now completely operational

24 Nov

All three units of the Bacon-Manito (BacMan) geothermal plant in Albay are now fully operational after more than a year of intermittent operations due to problematic test results and maintenance shutdowns. BacMan owner Energy Development Corporation’s (EDC), said with all units now operational, “the facility is producing a gross output of approximately 130 megawatts.”

Claims filed against the contractors of the rehabilitation of the facility have also been settled after EDC filed an arbitration case before the International Court of Arbitration of the International Chamber of Commerce.

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On Nov. 28 last year, BGI commenced an arbitration administered by the International Court of arbitration in relation to its dispute with TurboCare Inc., now known as EthosEnergy TC Inc., and Siemens Inc., the contractors for the project.

BGI tapped the contractors in 2010 to carry out the rehabilitation of the BacMan Units 1 to 3 but disputes arose in relation to the carrying out the rehabilitation.

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Posted by on November 24, 2014 in Corporate News, EDC, Stock Market

 

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