Since its inception in the early 1990s MINERGY has witnessed the unprecedented growth of Cagayan de Oro City and the neighboring municipalities in Misamis Oriental. All these years, MINERGY has been CEPALCO’s constant partner in supporting the economic growth in the CEPALCO service area, the growth center of Northern Mindanao, through the reliable and dependable capacities coming from its diesel-fired and hydro power generating facilities.
The economic growth of Cagayan de Oro and neighboring areas has been sustained despite the economic crises besetting the country in the late 1990s. This economic progress, however, is constantly threatened by the power capacity shortage in the Mindanao Grid brought about by the seasonal and dwindling dependability of the large hydro power plants and ageing thermal plants.
During the first decade of the 2000s it has become more evident that the large Mindanao hydro plants can no longer provide the much needed baseload requirements of the Mindanao Grid.
MINERGY, fully aware of the threats haunting the economic progress of its hometown, therefore embarked into an aggressive expansion program to address the power demand of CEPALCO – from baseload up to peaking capacity requirements.
Consequently, MINERGY established in 2014 the Minergy Power Corporation to construct and operate the Balingasag Thermal Power Plant, a 3×55 MW Circulating Fluidized Bed Coal-fired Power Plant in the Municipality of Balingasag, Misamis Oriental. The 150MW net capacity, expected to come on line by the first quarter of 2017, is solely intended for CEPALCO.
The Balingasag Thermal Power Plant shall be compliant with international and local standards of environmental quality and performance reliability. This is made possible by utilizing only world-renowned EPC contractor, Japan’s Mitsubishi Corporation, and the highly dependable GE turbine-generators and ThyssenKrupp boilers.
MINERGY is fully committed to support the economic progress of its hometown, the City of Cagayan de Oro, and the nearby municipalities within the CEPALCO franchise area. It shall also continue to be vigilant and pro-active in the development of the power sector in Mindanao in order to provide a reliable, dependable and affordable electric power in the region.