16 June 2009 in Energy Business Review
Global Green Power Proposes To Build 360 MW Biomass Power
and 200 MW Wind Power Plants In Philippines By Staff Reporter
Global Green Power PLC Corporation (Global Green Power) is planning to build 360 megawatts (MW) of biomass power plants in various locations around the country. The bidding process for equipment and services for an initial three 15-MW biomass power plants in Panay, Nueva Ecija, and Pangasinan regions of Republic of the Philippines are in progress. Moreover, the company also intends to build 200 MW of wind power in four locations in the country with a capacity of 50 MW each.
"We’ve been waiting for the right opportunity and with the passing of the renewable energy law, we feel that now is the right time," said David de Montaigne, Global Green Power president.
The cost required to build each biomass power plant will be $40 million. A fourth biomass plant will be built in Negros Island by 2010. These power plants will have generating capacity of around 30 MW of power. Only half of the capacity will be produced at start-up.
In addition to these biomass power plants, Global Green Power intends to set up 12 biomass power plants around the country which can generate a total of 360 MW of power. The primary proposal is to build three to four plants per year. The company projects to produce around 900 local jobs for each new plant.
Montaigne has reported that the company’s wind energy projects are waiting for the Energy Regulatory Commission’s rules on feed-in tariffs, which will give assurance a fixed price of electricity to be purchased from renewable energy sources for 12 years.
Global Green Power is 40% owned by the Global Green Power PLC.