23 October 2012 in Malaya Business Insight
Green Power to invest P4.65B
Green Power Panay Philippines Inc. (GPPPI) is allotting P4.65 billion for the construction of two 17.5 megawatts multi-fueled biomass plants in the Visayas.
GPPPI, a subsidiary of Global Green Power PLC Corporation (GGPC), said that the project cost for the first 17.5-MW facility is expected to reach P2.051 billion while the second unit will require P2.605 billion.
The commissioning date for the first unit is set on the first quarter of 2015, while the second facility will commence shortly after the first, the firm noted.
According to GPPPI, the plants will utilize agricultural and food processing wastes such as rice straw, sugar cane wastes and rice husks.
GPPPI said that such wastes are usually being burned causing carbon dioxide or left to rot in the field producing methane.
“The project will provide significant employment and poverty alleviation within the province of Iloilo through the provision of additional income to both the farming and local communities whilst delivering clean, renewable, decentralized, base-load power generation,” said Ramon Santos, director of GGPC and GPPPI.
GPPPI said it has tapped First Northeast Electric Power Engineering Co. (NEPC) of China as engineering procurement and construction contractor for its planned two 17.5 MW multi-fueled biomass plants.
NEPC is one of the largest construction enterprises in China’s power construction industry incorporating both civil construction, design and erection work.
With the EPC contract awarded to NEPC, GPPPI said it is now able to commence with the construction of the company’s first multi-fueled biomass power plant to be located on an eight-hectare site at Barangay Cabalabaguan, Mina, in Iloilo.
The first stage of the EPC contract to be undertaken will be the land preparation, civil engineering and detailed engineering design, GPPPI said.
Mobilization for this stage of the project will start on November this year with site work commencing in December.
“(The project) is a very exciting development for the nation as a whole and our kababayan due to the tremendous socio-economic benefits afforded by this and our future biomass power plants planned in Mindanao and Luzon,” Santos said.