August 27, 2014

Update on EDC’s Bacman power plant

Energy Development Corp (EDC) disclosed yesterday that Unit 1 of the 130MW BacMan geothermal power plant has resumed operations after being down for more than a month. To recall, BacMan Units 1 and 2 went on unplanned outage last month due to damages caused by Typhoon Glenda last 15 July. At that time, Unit 3 was on a planned outage.

According to EDC, the cooling tower of Unit 1 damaged by the typhoon is now operational and the unit has attained its rated load of 55MW. The 20MW Unit 3 has attained a stable load of approximately 18 MW and is currently on a 30-day reliability run following the installation of a brand new Toshiba generator. The cooling tower restoration works on the 55MW Unit 2 is still ongoing and is being carried out concurrently with BacMan’s “permanent fix” involving the installation of a brand new Toshiba steam turbine rotor unit and diaphragms. .

Our take: So far, everything appears to be proceeding according to schedule. Unit 1 went back on line last 22 August, less than a week following Unit 3 four days earlier. The company had said both units would return to service by end-August. Meanwhile, Unit 2 is expected to be in operation in October (target is 4Q14) while the permanent fix for Unit 1 is targeted by 1Q15. – WealthSec