THE Department of Energy (DOE) has granted the application of Roxas Green Energy Corp. (RGEC) for a Renewable Energy Service Contract.
This is for the development of a 50-megawatt (MW) solar power plant in Nasugbu, Batangas.
RGEC, a 100 percent owned subsidiary of Roxas & Co. Inc. (RCI), intends to operate the facility by the first quarter of 2016.
Earlier the RCI Board of Directors authorized the incorporation of a new company to develop, construct and operate a possible 30 to 50 MW renewable energy project in Batangas.
RCI then said the project would have a total cost of about P1.7 billion.
RCI, through Roxas Holdings Inc. (RHI), is strengthening its foray in renewable energy.
Besides the solar power plant, RHI is also planning to develop a 30-MW cogeneration plant in Batangas.
RHI and Global Business Power Corp. (GBPC) commissioned Pöyry Energy for the Front-End Engineering Design (FEED) of its cogeneration or biomass facility.
RHI is the country’s largest integrated sugar and ethanol business while GBPC is the power generation arm of GT Capital Holdings Inc.
Pöyry is a global Finnish consulting and engineering company that conducted the feasibility study on the biomass project last year.
GBPC’s Executive Vice President Jaime Azurin said the awarding of the FEED contract marks a significant step in the development of their first venture in renewable energy.
Through Pöyry’s technical expertise, Azurin said, RHI aims to come up with a design that would optimize the energy efficiency of the 40-MW biomass power plant project.
RHI, a bio-sugar and bio-energy firm, is the largest integrated sugar business in the Philippines.