12 April 2010 in biofuelshub.com
Poyry to pursue Biomass Project in RP
Poyry P.L.C., a Finnish consulting and engineering company, has notched contracts amounting to 46 million Euros ($62 million) to construct two biomass power plants for the Philippine subsidiary of a British developer of renewable energy projects.
The two biomass power plants are targeted to have 17.5-megawatt capacity each. They will be multi-fueled. This means that they can use more than one type of fuel or biomass feedstock to operate. Each plant is esitmated to be worth 23 million Euros. One biomass power plant will constructed in the province of Iloilo in Western Visayas while the other plant will be located in Nueva Ecija in Central Luzon. If plans and resources would permit, Poyry may build a third biomass power plant with a target capacity of 35 megawatts in Bukidnon, Northern Mindanao. Based on the plan, it appears that Poyry would want to establish one biomass power plant in each of the three major islands in the Philippines.
Poyry is developing these power plant projects for Global Green Power P.L.C. Corporation, a subsidiary of the Britain-based Global Green Power P.L.C.
Based on the original plan, the biomass power plants will utilize agricultural wastes to power their operations. The output energy will then be tapped to the main gird to distribute electricity to seevral neighboring provinces. This is expected to help the Philippines address the current concern on energy crisis. To date, the country sources most of its energy needs from geothermal and hydorpower sources.
Poyry assures that their power plants will be constructed in accordance to environmental standards as well as from the recommendations of the World Bank and the International Finance Corporation.
Biomass has been selected as primary source of feedstock because this is expected to be one of the major sources of energy in the coming years due to the abundant bagasse resurces in the Philippines. According to the data gathered by the Department of Agriculture and the Department of Environment and Natural Resources, the local agricultural sector produces 271.7 million barrels of fuel oil equivalent in 2003. This potential is further increased by 1.9% per year, resulting to biomass supply potential of up to 323.1 million barrels of fuel oil equivalent by 2012.