June 04, 2013

Aboitiz unit completes rehab of Navotas barges

A unit of Aboitiz Power Corp. has completed the rehabilitation of four power barges moored at the fish port complex in Navotas City, allowing it to contribute a total of 242 megawatts to the Luzon grid. Wholly owned subsidiary Therma Mobile Inc. had recently inaugurated the four Navotas power barges, which are bunker C-fired diesel plants.

Therma Mobile acquired in May 2011 the four units of barge-mounted floating power plants now moored at the Fishport Complex in Navotas City for P2.3 B. At that time, the barges had not been operating for five years. A power barge is a floating power plant that can be towed to and moored in different areas. Transfers, however, require meticulous preparations and permits from various agencies. - WealthSec