GLOBAL Business Power Corp. (GBPC) is keen on scouting for “new opportunities” in the Visayas to expand its energy portfolio with more investments in renewable energy.
“We are looking for new opportunities in the Visayas, mainly on the renewables part. With respect to our sugar mills, waste energy using bagasse principally, we’re looking into other ways for energy, municipal waste,” said Manuel V. Pangilinan, chairman of the Manila Electric Co. (Meralco).
Pangilinan said his group is now in discussion with the Quezon City local government.
“We’ve lodged our proposal to the Quezon City government using municipal waste. Basically, the dump of Payatas, and we have elicited the interest of one of the cities in the south,” he said.
On biomass bagasse plant, GBPC, together with sugar miller Roxas Holdings Inc. (RHI), is developing a 40-megawatt facility in La Carlota City, Negros Occidental.
It is also involved in a 140-MW pumped-water project in Toledo City, Cebu.
The biomass project uses sugar from agricultural products, such as feedstock. Hence, it can only operate during the sugar-milling season that lasts seven months in a year.
The biomass facility is expected to be operational by September 2017. GBPC plans to sell the power that would be generated from it through the grid under the feed-in-tariff (FiT) scheme.
FiT is an incentive provided to RE developers. The Department of Energy (DOE) has provided an allocation target of 250 MW for biomass, with a FiT rate of P6.63 per kilowatt-hour (kWh). Pangilinan said GBPC is eyeing two more biomass opportunities.
“But as you know, we have two others in Bacolod and one in Batangas. The two other mills are smaller. Maybe around 20 to 25. But the one in Batangas is bigger, around 35 MW,” he said.
GBPC continues to contribute positively to the operating results of Meralco PowerGen, the power-generating arm of Meralco.
In August its Panay Energy Development Corp.’s (PEDC) 150-MW plant achieved synchronization, increasing the total capacity of GBPC to 854 MW.
Meralco signed a power-supply agreement with PEDC for 70 MW out of the 150-MW capacity of the coal plant in April. Such PSA is pending approval by the Energy Regulatory Commission. GBPC’s capacity of 854 MW consists of 702-MW coal-fired and 152-MW oil-based plants in the Visayas.
It is 56 percent owned by Beacon Electric Asset Holdings Inc., 30 percent by JG Summit Holdings Inc. and 14 percent by MGen.
Beacon is a 75-percent subsidiary of Metro Pacific Investments Corp.
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