DAVAO TOP IMPORTER

AP subsidiary company, TSI, awarded as 7th Top Importer for the Port of Davao.

AboitizPower subsidiary Therma South, Inc. (TSI) was feted by the Bureau of Customs (BOC) – Collection District XII as the 7th Top Importer for the Port of Davao in 2018 in terms of duties and taxes paid.

This is the third award of TSI in a row.

During the awarding ceremony last February 21, 2019, BOC District XII Collector lawyer Romalino G. Valdez lauded the top importers and exporters for helping the agency exceed its 2018 target quota of P20.1 billion by P8 billion surplus.

“We would not have surpassed our targets last year if not for the support and cooperation of our partners, especially the importers and exporters,” said Valdez.

Since 2015, TSI has been consistently importing coal from Indonesia in the operation of the 300-megawatt Davao Baseload Power Plant in Toril, Davao City. The power plant utilizes the Circulating Fluidized Bed (CFB) technology and is the first in the Philippines to be built with a coal dome. These features help to ensure that the plant’s operations have the least possible adverse effects on the community and the environment./