Crown Asia bags power plant supply contracts

Crown Asia Chemicals Corporation, manufacturer of premium PVC compounds and pipes, has secured a supply agreement to provide Citicore Power Inc. with HDPE (High-Density Polyethylene) pipes for its 25-megawatt solar power plant.

In a disclosure to the Philippine Stock Exchange, Crown said the facility will be sited on a 40-hectare land in Barangay Rizal, Silay City in Negros Occidental. It is expected to provide around 4,000 homes with electricity.

Crown will also supply the 2-billion power plant project of Next Generation Power Technology Corporation (NGPT) with HDPE pipes. This is a 20- megawatt power plant to be sited on a 37.5-hectare lot at the Freeport Area of Bataan (FAB). In both projects, CROWN HDPE pipes will be used for the underground installation of electrical lines.

Likewise, Crown Asia Chemicals is providing PVC pipes to MIESCOR, a subsidiary of MERALCO in Digos, Davao, for its solar power plant.

The company started production operations at its new PPR/HDPE plant in mid-August this year. PPR (Polypropylene Random) pipes are used for hot and cold applications while HDPE pipes are used for industrial applications that demand higher pressure rates.

At a cost of 110 million, the newly completed plant was funded by IPO proceeds from Crown Asia Chemicals’ listing at the PSE last April 27.

“The new PPR/HDPE pipe products are expected to synergize with our current CROWN PVC offerings and provide customers with wider options while expanding our market sector applications,” said Crown Asia chairman Walter H. Villanueva. (JAL)