H&WB Asia Pacific (Pte Ltd) Corp. is planning to put up a 700-megawatt (MW) coal-fired power plant in Jose Panganiban, Camarines Norte.
According to data from the Department of Energy (DOE), construction of the power plant is set to start in the fourth quarter of 2017.
The DOE said it has cleared H&WB Asia’s plan to conduct a grid impact study of its subcritical coal-fired power plant, which will consist of two 350-MW units.
The project has been listed by DOE as one of the indicated power projects for Luzon as of March this year.
According to the DOE, the company has conducted pre-feasibility studies to determine the viability of the project.
“Land already secured and has been classified as industrial,” it added.
The company is holding discussions with three potential co-developers and equity partners for the projects, and is also currently sourcing out a potential engineering, procurement and construction (EPC) contractor.
H&WB Asia is in the business of “promoting, developing, financing, constructing, owning, operating, and maintaining plants and systems that produce, convert, transform, process, and generate energy from fossil and renewable energy resources.” It is also engaged in the development of biofuels.
It is also pursuing the development of a base load power plant to add capacity in Luzon, and reach Eastern Visayas to spur growth in the region which was badly hit by Supertyphoon Yolanda (Haiyan) in November 2013.
The firm has also concluded its market impact study and simulation report of a 5.5 MW biomass-to-energy power plant. Its feedstock is biomass of 400 tons per day.
The project scales up to 2 x 5.5 MW, and will be built in three strategic sites in the southern, eastern, and northern boundaries of Metro Manila. Total capacity will reach 33 MW of clean, renewable electricity.
The project dually cleans and transforms Metro Manila and its environs into a resilient metropolis. The first site is in a 25-hectare land in Bay, Laguna.