By | Jan. 29, 2014 at 12:01am
Two wind power projects in Ilocos Norte are racing to be the first to avail of the feed-in-tariff this year, records from the Energy Department show.
Construction of the two projects is expected to be completed this year.
Records from Energy Department showed that Northern Luzon UPC Asia Corp., controlled by Ayala Corp., was expected to complete work on its 81-megawatt Caparispisan wind project in Pagudpud, Ilocos Norte by September this year.
Energy director Mario Marasigan said the completion of the two wind projects would realize the objectives of the Renewable Energy Act of 2008 “to start aggressive development of clean, indigenous and environment-friendly generations from RE sources, entry of new technologies in our energy mix and enhancement of our energy security.”
The Caparispisan wind project is estimated to cost $255 million while the Burgos wind project is valued around $300 million for the first phase with a capacity of 87 MW.
Ayala’s AC Energy Holdings Inc. owns a 64-percent stake in the Caparispisan wind project, while Philippine Investment Alliance for Infrastructure, or PINAI, composed of the Government Service Insurance System, APG and Macquarie Infrastructure Holdings (Philippines) Pte. Ltd., controls 32 percent.
The Burgos wind project, which is wholly-owned by EDC, was initially planned as an 87-MW wind project before the company decided to increase it to 150 MW.
EDC said with over seven years of accurate wind data, it was certain of the resource capacity in the Burgos area.
“We are on track for completion this fourth quarter of 2014… The progress of our project is substantial and very impressive. We are laying all the groundwork for the expansion and have been moving ahead,” EDC president Richard Tantoco said when asked for comment.
The two wind projects received certificate of confirmation of commerciality last year.
The Ayala Group has tapped Siemens of Germany as contractor for the wind project while the Lopez Group hired Vestas of Denmark.
Construction of the wind projects started last year, with both companies confident of receiving the feed-in tariff for wind under the Energy Department’s first-come, first served basis.
Energy Development Corp., owned by the Lopez Group, meanwhile, is expected to complete the construction of its 150-MW wind project in Burgos, Ilocos Norte by September this year. source
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