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|2 March 2010
Philippines: Biomass firm to speed up projects amidst power crisis
Biomass developer Global Green Power PLC Corp. has committed to hasten the construction of its three projects in response to the government’s call to speed up the construction of generation units amid the country’s growing power crisis, the Manila Times reported.
Stephen Waterfield, Global Green chief executive, said that the company is accelerating the development of its biomass plants in Panay, Nueva Ecija and Bukidnon, which would have a total capacity of 87.5 megawatts.
“We are in the process of awarding our equipment and EPC [engineering, procurement and construction] contracts for our first three projects before the end of this March, and our first Panay project is already under construction” he said.
Last week, Energy Secretary Angelo Reyes had asked the power developers for solid commitments during the Power Stake Holders Meeting in Davao City and Iloilo City to help avert the energy crisis in Visayas and Mindanao.
Global Green said its proposed biomass plants would utilize farm refuse, such as rice and cornhusks, to generate clean and renewable electricity. These plants will serve as base-load plants that can run round-the-clock, unlike other renewable energy sources that are dependent on the weather.
The company will buy feedstock from local farmers at an undisclosed rate and will deliver an estimated 900 direct and indirect jobs for each plant.
“Our multi-fuelled biomass power plants are truly the most empowering renewable energy solution that literally delivers millions of pesos for what is now agricultural waste to our host communities whilst displacing imported fossil fuels and mitigating climate change,” Maribeth de Montaigne, Global Green director of poverty alleviation, said.
The company started constructing its power plant in Panay Island in May last year, while its $43-million Nueva Ecija plant will be put up upon financial closing.
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