MANILA, Philippines - Upstream oil firm and power producer PetroEnergy Resources Corp. has secured an environment permit for its wind power project in the province of Aklan.
The development brings the 50-megawatt (MW) Nabas wind power project a step closer to starting operations in 2014.
In a disclosure, PetroEnergy said it received on June 4 an Environmental Compliance Certificate (ECC) from the Department of Environment and Natural Resources (DENR).
The grant of the ECC resulted from the evaluation DENR’s Environmental Management Bureau of the initial environment examination report submitted by PetroEnergy and its environmental consultant SMEC Inc., the company added.
The report analyzed the possible environmental impacts of the construction, operation and maintenance of the Nabas project, which is handled by PetroEnergy’s wholly-owned subsidiary PetroGreen Energy Corp.
PetroEnergy said the ECC covers the project’s major components like site development, civil works and the construction of the transmission lines to connect the power facility to the Visayas grid.
PetroEnergy vice-president Francisco G. Delfin, Jr. said the approval of the ECC “testifies to PetroEnergy’s strict adherence to environmental and social conditions imposed by the government.”
In February, the National Commission on Indigenous Peoples issued a certificate on non-overlap for the Nabas project. It confirmed that there are no existing ancestral domain claims within the 2,000-hectare service contract area.
“With these approvals, PetroEnergy can now proceed to securing other local clearances necessary for project development,” Delfin said.
The listed power producer targets to start commissioning the wind project in 2014.
However, the Nabas project’s feasibility depends on the implementation of the feed-in tariff (FIT) scheme.
“PetroEnergy’s final investment decision hinges on the government’s clear and immediate resolution of the FIT issue that has clouded the country’s commitment to renewable energy,” Delfin said.
The FIT scheme, whose implementation is already delayed by almost three years, guarantees investments of renewable energy firms through fixed rates that would be shouldered by consumers over a set period of time.
The incentive aims to draw investors into putting up renewable energy projects, whose electricity production are intermittent and are capital intensive compared with conventional power plants.
Late last year, PetroEnergy abandoned its wind energy project in Sual, Pangasinan after tests showed the area is not commercially feasible for wind power.
PetroEnergy also owns Maibarara Geothermal, Inc., the proponent of the 20-MW Maibarara geothermal project in Laguna and Batangas. Its operations will start late next year. source
The development brings the 50-megawatt (MW) Nabas wind power project a step closer to starting operations in 2014.
In a disclosure, PetroEnergy said it received on June 4 an Environmental Compliance Certificate (ECC) from the Department of Environment and Natural Resources (DENR).
The grant of the ECC resulted from the evaluation DENR’s Environmental Management Bureau of the initial environment examination report submitted by PetroEnergy and its environmental consultant SMEC Inc., the company added.
The report analyzed the possible environmental impacts of the construction, operation and maintenance of the Nabas project, which is handled by PetroEnergy’s wholly-owned subsidiary PetroGreen Energy Corp.
PetroEnergy said the ECC covers the project’s major components like site development, civil works and the construction of the transmission lines to connect the power facility to the Visayas grid.
PetroEnergy vice-president Francisco G. Delfin, Jr. said the approval of the ECC “testifies to PetroEnergy’s strict adherence to environmental and social conditions imposed by the government.”
In February, the National Commission on Indigenous Peoples issued a certificate on non-overlap for the Nabas project. It confirmed that there are no existing ancestral domain claims within the 2,000-hectare service contract area.
“With these approvals, PetroEnergy can now proceed to securing other local clearances necessary for project development,” Delfin said.
The listed power producer targets to start commissioning the wind project in 2014.
However, the Nabas project’s feasibility depends on the implementation of the feed-in tariff (FIT) scheme.
“PetroEnergy’s final investment decision hinges on the government’s clear and immediate resolution of the FIT issue that has clouded the country’s commitment to renewable energy,” Delfin said.
The FIT scheme, whose implementation is already delayed by almost three years, guarantees investments of renewable energy firms through fixed rates that would be shouldered by consumers over a set period of time.
The incentive aims to draw investors into putting up renewable energy projects, whose electricity production are intermittent and are capital intensive compared with conventional power plants.
Late last year, PetroEnergy abandoned its wind energy project in Sual, Pangasinan after tests showed the area is not commercially feasible for wind power.
PetroEnergy also owns Maibarara Geothermal, Inc., the proponent of the 20-MW Maibarara geothermal project in Laguna and Batangas. Its operations will start late next year. source
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