December 5 (Renewables Now) - Philippine company Aboitiz Power Corp (PSE:AP) on Monday advised of a shutdown of a 8.8-MW biomass plant in Lian, the province of Batangas.
The plant, owned by the company's subsidiary Aseagas Corp, temporarily stopped operations on November 24 because of a lack of supply of organic effluent wastewater from Absolut Distillers Inc. Aseagas has decided to maintain the shutdown and determine the appropriate way forward. It made this decision after assessing the circumstances and the ongoing technical problems related to the facility's fuel stock and digester components, according to Aboitiz Power's announcement.
Aseagas has also prepaid its PHP-2.37-billion (USD 46.7/EUR 39.5m) outstanding loan with the Development Bank of the Philippines (DBP). In addition to the DBP loan, Aseagas invested some PHP 950 million of equity in the biomass plant and has about PHP 460 million in outstanding liabilities.
(PHP 10 = USD 0.197/EUR 0.167)