For 50-MW Wind Power Project
Manila Bulletin
By MYRNA M. VELASCO
November 29, 2012, 6:54pm
For it to join the ‘gold rush’ of cornering a share in renewable energy installations to be underpinned by feed-in-tariffs, PetroGreen Energy Corporation (PGEC) has inked a deal with Aklan Electric Cooperative (AKELCO) for a transmission line that will eventually connect its 50-megawatt Nabas wind power project to the grid.
The initial pact took the form of heads of agreement (HOA) but is intended to be transformed later on into a construction contract “where PGEC engages AKELCO to erect the single-circuit 69kV overhead interconnection line based on engineering design and transmission line components” set by the project developer.
PGEC, which is a subsidiary of publicly-listed PetroEnergy Resources Corporation, noted that the signing of the deal with the electric cooperative followed the approval and release of the grid impact study (GIS) by the National Grid Corporation of the Philippines (NGCP) for the proposed wind power facility.
A transmission interconnection agreement is among the requirements set forth by the Department of Energy (DoE) so RE projects can be given endorsement for availment of the FIT incentives.
“The interconnection distance between the Nabas wind farm in Barangay Pawa and the NGCP-approved connection point near Unidos, Aklan is less than 10 kilometers,” PGEC vice president Francisco G. Delfin Jr. has illustrated.
He emphasized that among the wind power projects awaiting declaration of commerciality by the DOE, their proposed Nabas facility is “likely the one with the shortest transmission line requirement” and this is seen beneficial in what is anticipated as faster project construction.
According to AKELCO general manager Chito R. Peralta, their involvement in the Nabas wind power project “is consistent with the (electric cooperative’s) goals of seeing more generation facilities to be put up in Aklan to increase power supply in the province and for AKELCO to provide services to these power companies.”
Once ‘commerciality declaration’ is obtained from the energy department, the project developer is intending to kick off construction next year with target commercial operation by mid-2014.
To note, the FIT Rules specifically prescribe that the projects to be given incentives have to be on-line until year 2015.
PGEC vouches that its wind project will couple its 20-megawatt Maibarara geothermal project in Luzon as clean energy ventures that will add up to the increasing power supply needs of the country. source
No comments:
Post a Comment