Business World Online
Posted on June 23, 2013 09:42:17 PM
LOPEZ-LED Energy Development Corp. (EDC) has started construction of its planned 87-megawatt (MW) wind farm in Burgos, Ilocos Norte, which marks the company’s foray into this renewable energy source.
In a statement last Friday, EDC said it “issued the notice to proceed (NTP) to its wind farm contractor, Vestas Wind Systems, on June 21, marking the start of actual construction works at the site” for the 87-MW wind project.
“Since the project’s groundbreaking ceremony last April 19... certain preparatory early work had been undertaken at the site,” EDC said of the $300-million project.
It noted that following issuance of the NTP, construction is now under way at the 600-hectare site that straddles barangays Saoit, Poblacion and Nagsurot in the municipality of Burgos.
EDC said Vestas, which is a wind turbine manufacturer based in Denmark, will build the 87-MW wind farm, complete with ancillary equipment and facilities. The foreign firm -- as the engineering, procurement and construction contractor -- will install 29 turbines with capacity of 3 MW each. Vestas will also operate and maintain the power facility under a 10-year agreement with EDC.
Last month, the Energy department granted EDC a certificate confirming commerciality of the project.
“The Burgos wind project is a major pillar of our P32-billion investment plan this year,” the statement quoted EDC President and Chief Operating Officer Richard B. Tantoco as saying.
“We are pleased to announce that the construction of the project has commenced and we are confident that it will be the first to achieve commercial operations by late 2014.”
EDC shares shed 45 centavos to close at P5.45 apiece last Friday. source
“Since the project’s groundbreaking ceremony last April 19... certain preparatory early work had been undertaken at the site,” EDC said of the $300-million project.
It noted that following issuance of the NTP, construction is now under way at the 600-hectare site that straddles barangays Saoit, Poblacion and Nagsurot in the municipality of Burgos.
EDC said Vestas, which is a wind turbine manufacturer based in Denmark, will build the 87-MW wind farm, complete with ancillary equipment and facilities. The foreign firm -- as the engineering, procurement and construction contractor -- will install 29 turbines with capacity of 3 MW each. Vestas will also operate and maintain the power facility under a 10-year agreement with EDC.
Last month, the Energy department granted EDC a certificate confirming commerciality of the project.
“The Burgos wind project is a major pillar of our P32-billion investment plan this year,” the statement quoted EDC President and Chief Operating Officer Richard B. Tantoco as saying.
“We are pleased to announce that the construction of the project has commenced and we are confident that it will be the first to achieve commercial operations by late 2014.”
EDC shares shed 45 centavos to close at P5.45 apiece last Friday. source
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