Monday, May 20, 2013

DOE Okays 2 wind projects

Manila Bulletin 
By Myrna M. Velasco 
Published: May 20, 2013
The battle for feed-in-tariff (FIT) availments started intensifying with two wind power projects already bestowed confirmation of commerciality (COC) by the Department of Energy.
These are the 67.5-megawatt Pilillawind power project by Alternergy Wind One Corporation and the 87-MW proposed wind power facility of Lopez-run Energy Development Corporation.
In a press statement, Alternergy Wind One president Vincent S. Perez noted that they are now “ready to commence construction of the wind farm.” The facility is targeted on stream by 2015.
At $3.0 million per megawatt benchmark development cost for wind power facilities, Alternergy Wind One and partner Korea East West Power, a subsidiary of Korea Electric Power Corporation (KEPCO), will be spending more than $200 million.
The Pililla project and the Burgos plant of EDC are among the developments tugging their way into cornering a portion of the FIT-underpinned 200MW allowable installation for wind technology.
The third venture eyeing to fit in is the 54-megawatt San Lorenzo wind power project of Trans-Asia Oil and Energy Development Corporation in Guimaras.
The wind projects are now being pursued based on the revised rule of the DOE wherein the FIT may only be formally conferred on project developers upon their declaration of commercial commissioning – meaning, the plant is already in operation and started feeding supply into the grid.
With the issuance of its commerciality confirmation, EDC president Richard B. Tantoco noted that such milestone “affirms our efforts to pursue and fast-track the (Burgos wind) project in order to be the first to achieve commercial operations by 2014.”
The EDC wind power facility commands an investment of $300 million. It will be bankrolled by the company’s recently-closed $80 million club loan and the other P7.0 billion raised in the capital markets.
Meanwhile for the Pililla project, Perez noted that their technical team “has thoroughly laid down the site planning, logistics and engineering to deliver the wind farm in the most timely manner.”
The facility’s design entails the construction and installation of 27 wind turbines along Rizal province’s mountain ranges.
Sponsor-firm Alternergy Wind One similarly vouched on being the first company to sign an interconnection agreement with the Manila Electric Company (Meralco) for a wind power project.
It added that it “painstakingly considered the socio-economic aspects of the Pililla wind farm” and that the developer undertook “various consultations with the local and provincial governments and communities in the Rizal province, including an avian impact assessment.”  source

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