Philippine Napocor Awards PHP2B Proj To Japan's Sumitomo
Dow Jones Newswires
March 12, 2000
MANILA -- Philippine state-owned National Power Corp. (Q.NAP), or Napocor, said it has awarded the transmission line project for its Ilijan power plant to Sumitomo Electric Industries Inc. (J.SUE) of Japan. The project is valued at 2 billion pesos ($1=PHP40.923).
Sumitomo won over seven other bidders, Napocor said over the weekend.
The project involves the 500-kilovolt (kV) transmission line connecting the 1,200-megawatt Ilijan gas-fired power plant in Batangas province, south of Manila, to different industrial and residential end-users through the Luzon Grid, which covers the northern part of the country.
Napocor has yet to bid out the substation equipment for the Ilijan project, said Napocor President Federico Puno. The substation contract will be for the furnishing, delivery, installing and commissioning for the 230 kV and 500 kV substation equipment on a turn-key basis, including line protection and communication system for the substations in certain parts of northern Philippines.
The Ilijan plant is the country's biggest gas-fired power plant. The facility is owned by Napocor and will be operated by Kepco-Ilijan Corp., the local subsidiary of Korean Power Co. of South Korea.
-By Micheline R. Millar; 632-892-5590; micheline.millar@dowjones.com |
