By: Ronnel W. Domingo - 05:18 AM
January 24, 2019
Singapore-based firms along with
Japan’s Tepco group have put up a fund that will support a $100-million package
of clean energy projects in Southeast Asia, which will kick off with a
microgrid project in the Philippines.
The consortium, which set up
CleanGrid Partners Pte. Ltd. as the platform for the fund, includes WEnergy
Global Pte. Ltd., ICMG Partners Pte. Ltd., and Greenway Grid Global Pte. Ltd.
One of the main shareholders of
Greenway Grid Global is power transmission and distribution giant Tepco
PowerGrid Inc., a subsidiary of Tokyo Electric Power Co.
CleanGrid has bankrolled $60
million, of which $20 million has been made available for short-term
deployment.
In a statement, the group said
CleanGrid intended to build within three to four years a portfolio of microgrid
projects in the Philippines, Indonesia and Myanmar.
The first project that CleanGrid
will operate is a microgrid initiative that will support electrification
efforts in Palawan.
CleanGrid is aiming at enabling a
rapid replication of the Palawan project in several other places in Southeast
Asia to meet the demand for off-grid and decentralized electrification.
In Singapore, they intend to engage
in smart microgrids at industrial-estate level.
At Barangay Cabayugan, Puerto
Princesa City, WEnergy is involved in the development of a 2.4-megawatt,
14-kilometer microgrid project that features a solar power plant with storage
as well as diesel generators.
According to WEnergy, the design of
the hybrid facility was determined by the conditions of the area being
classified as a nature reserve to protect the catchment area of the Puerto
Princesa Underground River.
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