Renewable energy company Emerging Power Inc. (EPI), an affiliate of Nickel Asia Corp. (NAC), has tapped a Filipino-Spanish firm for the operation of a 40-megawatt (MW) geothermal power plant in Naujan, Mindoro.
EPI entered into an agreement with Tamoin Industrial Services Corp. (TISCO) for the project.
Under the Memorandum of Understanding (MoU), TISCO will provide engineering as well as operations and management (O&M) services for EPI during the construction of the Mindoro geothermal power plant.
EPI president Martin Antonio Zamora and TISCO chairman Antonio Barrenechea signed the MOU in Bilbao, Spain in September.
TISCO is a joint venture between Tamoin group, a Spanish company based in Bilbao, northern Spain and GAAD Inc., a Filipino company based in Manila.
TISCO will provide local support and assessment as well as evaluation of the resources to be assigned to the project.
European companies TSK and Turboden will provide the technical know-how and support, training, spare parts and engineering competence during the construction of the Mindoro geothermal plant.
TSK is one of the most relevant engineering, procurement and construction (EPC) contractors in conventional and renewable energy projects worldwide.
With this project, TSK is reinforcing an already strong position in the region as a key EPC contractor.
Turboden is a company under Mitsubishi Heavy Industries focused on the development of geothermal organic rankine cycle power plants worldwide.
TISCO has more than 60 years of experience in industrial engineering services, including oil and gas, power generation, wind power and aeronautical services while GAAD specializes in complex power projects in the gas, geothermal, oil, coal, renewable energies as well as transmission lines around Asia.
TISCO president Marriz Agbon said that with this project, they continue to broaden the firm’s presence in Southeast Asia.
“We at TISCO are pleased to work with a company (EPI) that shares our vision for sustainable power generation,” said Agbon.
EPI’s Mindoro Geothermal power project has a renewable energy service contract with the Department of Energy (DOE) which is targeted to be commissioned by the first quarter of 2017.
Once the plant starts running, it will supply energy to more than 250,000 houses in the whole Mindoro Island.
EPI is majority owned by listed Nickel Asia Corp., one of the country’s biggest mining firms.