EDC settles dispute with Siemens, Turbocare
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.
In a disclosure to the Philippine Stock Exchange, BacMan owner Energy Development Corp. (EDC), said with all units now operational, “the facility is producing a gross output of approximately 130 megawatts.”
"As of today’s date all Units at BacMan are operational and the facility is producing a gross output of approximately 130MW. The permanent fixes have now been completed on both BacMan Unit 2 & Unit 3, whilst BacMan Unit 1 will continue to operate with its interim solution until 27 December 2014 when it will then be shut down to install the new steam turbine rotor from Toshiba. It is planned that BacMan Unit 1 will be returned to service by 20 March 2015."
EDC said it would discontinue the arbitration following the settlement of the claims.
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