AboitizPower among top importers in Davao for 2017

AboitizPower subdisiary Therma South, Inc. (TSI) was recently recognized by the Bureau of Customs (BOC) – Collection District XII as the 8th Top Importer in the Port of Davao for 2017.

During the awarding ceremony last January 22, 2018, BOC District XII Collector Atty. Erastus Austria lauded TSI as well as 19 other importers and exporters for their contribution to the agency’s P2.8-billion collection surplus last year.

“2017 is the 90th year of the Port of Davao. This very important milestone has been made extra special because of your contribution to our performance. In 2017, we collected a total of P16.4 billion versus the P13.6 billion target for the year. This resulted to a P2.8-billion  surplus in our collection target,” Austria told the awardees.

PARTNERS IN DEVELOPMENT. TSI receives an award for being the 8th Top Importer for the Port of Davao, contributing to a P2.8-billion surplus in the district’s annual collection target. (In photo: L-R) BOC Deputy Collectors Vicente Yutangco, Jr. and Madlawi Magoyag; TSI Security Manager Magno Adalin, Jr.; TSI Manager for Reputation and Stakeholder Management Jason Magnaye,; BOC District Collector Atty. Erastus Austria and BOC Deputy Collector Atty. Dante Maranan.

For Austria, these companies made history as they helped propel the Port of Davao to become the country’s top district in terms of collection surplus. The last time the district had breached the billion-peso surplus mark was in 2014 with P1.4 billion.

“Thank you to all our stakeholders. Collection District XII stands on top of all the other 17 collection districts in terms of total collection surplus in the previous year. Thank you to all of you, this would not have been possible without your contribution and this is a sign of a healthy local economy and growing business climate,” said Austria.

TSI has been regularly importing coal from Indonesia in the operation of the 300-megawatt Davao Baseload Power Plant in Toril, Davao City. The power plant is the first in Mindanao to utilize the Circulating Fluidized Bed (CFB) technology and is the first in the Philippines to be built with a coal dome. These features help ensure that the plant’s operations have the least possible adverse effects to the community and the environment.

COAL AS FUEL. TSI regularly imports coal from Indonesia in the operation of its Circulating Fluidized Bed (CFB) thermal power plant, which supplies 260 megawatts of power to the Mindanao Grid.