YUCHENGCO-LED PetroGreen Energy Corp. (PGEC) is preparing to start out industrial operations of its 13.2-megawatt (MW) Nabas-2 wind power project in Aklan after securing approval to attach the power to the Luzon grid.
The project, which involves an investment of about P2.57 billion based on earlier disclosures, is positioned south of the present 36-MW Nabas-1 wind power facility, which has been transmitting power since 2015.
In an announcement Monday, the corporate said it received the ultimate certificate of approval to attach from the National Grid Corp. of the Philippines (NGCP) and is awaiting a certificate of compliance from the Energy Regulatory Commission.
“The power’s impending industrial operation not only takes advantage of the DoE’s (Department of Energy) and NGCP’s ongoing reinforcement of the Boracay-Caticlan-Nabas transmission line where Nabas-2 is connected, but additionally ensures that tourism and business establishments in Boracay and Aklan get more clean power from our Nabas wind farm,” said Dave P. Gadiano, PGEC assistant vice-president for power markets.
PGEC also said it has began testing and commissioning its 25-MW solar farm in Pangasinan, which is anticipated so as to add capability to the Luzon grid.
The solar project is a component of the 111.6-MW portfolio developed and operated by Bugallon Green Energy Corp. under Rizal Green Energy Corp. (RGEC), a three way partnership between PGEC and Japan’s Taisei Corp.
PGEC is the renewable energy arm of listed PetroEnergy Resources Corp., a part of the Yuchengco Group, with Japan’s Kyuden International Corp. holding a 25% stake.
Once commissioning tests with the grid operator are accomplished, the project will operate under a hard and fast 20-year tariff as a professional facility under the federal government’s green energy auction program.
Last month, BKS Green Energy Corp., a subsidiary of RGEC, activated its 40-MW solar energy project in Isabela.
The P1.8-billion solar energy plant uses 52,640 solar photovoltaic panels supplied by Chinese manufacturer Trina Solar. — Sheldeen Joy Talavera