16 November 2010 in Sun Star Bacolod
Bacolod welcomes $80M biomass plant
THE construction next year of the $80-million 35-megawatt multi-fueled biomass power plant which Global Green Power Negros Philippines Inc. intends to build in Sagay will be a big boost to the local economy, Sagay City Mayor Leo Rafael Cueva said.
"This is the development that the city has been waiting for. Hopefully, this development will attract more investors to Sagay City," Cueva stated.
He added that the project will likewise hasten the development of the 100-hectare Sagay Economic Zone at Hacienda Ricky, Barangay Paraiso.
During the public consultation at Nature's Village Hotel and Restaurant in Talisay City Sunday, Global Green Power Negros Philippines Inc. president David Montaigne pointed out that Negros produces 1,064 percent more bio-materials than the 318,720 tons fuel requirement of the 35-megawatt biomass power plant.
Montaigne's statement was based on the company's study which shows that Negros produces 2.2 million tons of cane tops; 101,900 tons of rice husks; almost one million tons of rice straw; 155,312 tons of corn straw; and 23,297 tons of corn cobs.
Montaigne also gave the assurance that although the biomass power to be generated from the plant will be sold by Global Green Power to the National Grid Corporation of the Philippines (NGCP), the power will still surely be supplied to Sagay City.
He explained that the biomass plant will mitigate climate change because it will be using agricultural wastes that are either burned in the field (thereby causing carbon dioxide) or left to rot (thereby producing methane gas).
The power plant will provide substantial employment opportunities, as it will generate 3,400 jobs which the city's 14,000 unemployed can apply for, Montaigne further said.
The company's project will increase local income opportunities with estimated money inflow from the 35-megawatt power plant operation pegged at P832.2 million for the first year of operation and P34.7 billion after 25 years of operation.
Global Green Power PLC Corp. is a Philippine-registered company invested and owned 40 percent by Global Green Power, a UK-based unlisted Public Limited Company. It was formed to research, develop, own, acquire and operate renewable energy projects within the Philippines and Asia.
The company is now constructing a 17.5-megawatt Biomass Plant in Mina, Iloilo; a 17.5-megawatt plant in Nueva Ecija; and another 35-megawatt plant in Bukidnon.