Mindanao Energy Systems, Inc. [MINERGY] is an Independent Power Producer
[IPP] established in 1992 to address the crippling power supply crisis in Mindanao. It was granted accreditation by the Philippine Government as a private sector generating facility with a capacity of 50MW. MINERGY is the first IPP in the region to sell directly to a private distribution utility.
The power plant, located at Barangay Tablon in Cagayan de Oro City, consists of three 6.3 Megawatt Bunker C-fired engine-generator sets built at a cost of 21 Million US Dollars. Its engines are the well-known and highly reliable Sulzer brand manufactured under license of New Sulzer Diesel Ltd. By Zgoda of Poland, while the alternators were supplied by the GEC Alsthom of France.
Consistent with the companys goal to increase the renewable component of its power supply mix, MINERGY is currently developing the 8MW Cabulig Hydro Plant which is scheduled to be commissioned in the later part of 2010. MINERGY also plans to provide back-up power service both to the grid and directly to utilities and end-users.