Business World Online
Posted on April 01, 2012 09:16:34 PM
THE JAPANESE joint venture TeaM Energy is looking to invest in ten renewable energy projects across the country to add to its portfolio, an official said last week.
The partnership between Tokyo Electric Power Co. (TEPCO) and Marubeni Corp. bared a list of hydroelectric, geothermal and biomass projects which are under various stages of development.
“We are looking at some mini-hydro projects in the North. There are also other renewable energy projects in the pipeline,” TeaM Energy President Federico E. Puno told reporters in a briefing.
These include the La Union Electric Cooperative (Lueco) mini-hydro project with a minimum capacity of six megawatts (MW) and the Philex Mining Corp. 1-MW hydro project from the miner’s tailings pond in Tuba, Benguet.
Potential sites for the La Union project have already been identified and a letter of intent has since been submitted to the Energy department, a TeaM Energy hand out showed.
The firm is now collating documents to secure a service contract from the government and gauges have been installed to measure water levels in the area.
Site inspection, meanwhile, has already been conducted at the Philex tailings pond, with findings pointing to the need for “massive” modifications for the pond. The miner has reportedly “reiterated interest” in a partnership.
Other hydro projects in the pipeline include those in Tuba, Benguet; Tabuk, Kalinga; and the so-called Talubin & Caneo project in Moutnatin Province along with “various sites” in Luzon and Visayas in partnership with Hydrotec.
TeaM Energy is also interested in two biomass facilities in Bulacan and in Unisan, Quezon.
The firm is also looking at two geothermal projects--the Acupan-Itogon project in the Mountain Province and the Clean Rock project in Bataan -- noting, however, that “geothermal projects involving big investments is not a priority”.
TeaM Energy is the operator of the Pagbilao and Sual coal power plants. -- ENJD
No comments:
Post a Comment