1 February 2011 in Manila Standard Today
UK’s Green Power pushes P2.6-b Iloilo biomass plant
Green Power Panay Philippines Inc., a unit of Global Green Power PLC Corp. of UK, will proceed with its planned 17.5-megawatt biomass power plant in Mina, Iloilo to address the power shortage in Panay and the Visayas grids.
The Energy Regulatory Commission has set public hearings next month for Green Power Panay’s P2.6-billion biomass plant, which could be expanded to 35 MW.
ERC has set hearings for the electricity supply agreements signed by Green Power Panay and Iloilo Electric Cooperative I and II.
Green Power Panay vowed to complete the plant at the earliest possible time “in order to help alleviate the power shortage in Panay and its adverse effects to the local economy.”
It urged the ERC to expedite approval of the sales agreements to benefit the consumers of the two cooperatives and the local economy. Green Power Panay will deliver decentralized, clean and renewable energy that provides an estimated 1,700 jobs to the local community, 7,000 people out of poverty and P17 billion of revenues to the local community through the purchase of agricultural wastes and ancillary services over the 25-year life of the power agreement.
The biomass power plant will also deliver energy security to the Philippines through the displacement of some $1.5 billion of diesel purchases over a 25-year period. The figures may double after the expansion of the Green Power Panay facility to 35 megawatts.
“The Global Green Power biomass solution is critically important to the nations’ energy security as the price of oil once again edges toward $100 per barrel with political unrest within the Middle East increasing, said “ Maribeth de Montaigne, president of Green Power.