Philippine
Daily Inquirer / 04:36 AM November 16, 2019
Integrated Green Technology Inc. (IGTI), a homegrown waste management and
renewable energy firm, is firming up partnerships with the provincial
governments of Pangasinan and Cebu provinces to build several trash-fed power
plants that cost a total of $230 million, or about P11.6 billion.
In an interview on
Friday, IGTI president and chief executive Michael Jimenez said the company
intended to build the facilities through joint ventures with the local
government units (LGUs), with the latter’s equity mainly the land that would
host the projects.
“For Pangasinan, we are looking
at a facility that can use 970 tons of solid waste a day,” Jimenez said.
With 50 tons of waste
needed to generate one megawatt of electricity, he said the planned Pangasinan
project would have a capacity of about 19 MW.
Jimenez said there were
two prospective projects in Cebu, one in Mactan and another in Aloguinsan, each
at 320 tons daily or about 6 MW. However, design details such as throughput
volume and generating capacity—are still being finalized.
These planned projects,
Jimenez said, have full support from European funders, including the
London-based Allied Project Services Ltd.
“We anticipate financial closing in the first quarter of 2020 and expect plant
operations to start in the first quarter of 2022,” he added.
For technology
partners, Jimenez said IGTI had engaged Indian-based CNIM Martin Private Ltd.,
whose parent firm was based in France and whose technology was patented in
Germany.
Jimenez said the
components of the facilities would be manufactured in India, specifically for
use in Asian markets such as the Philippines.
“We are in talks with
other LGUs for a total of at least 12 projects spread out across the
Philippines, including three in Mindanao,” the CEO said.
“Our goal is to provide
state-of-the-art waste management, energy sustainability and environmental
protection for every LGU,” he added. “We believe the use of sanitary landfills
is best replaced with what we offer.”—RONNEL W. DOMINGO
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