According to a GreenPeace article on their site. The Senate version of the Renewable Energy Bill was passed yesterday. Woohoo!
The Congress version was passed last June while the Senate version of the bill hit a snag because of some issues raised with regards to the perks given to RE investors. True to their word, barring any unforeseen events, the Bill can get signed into law by October this year.
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MAN Ferrostaal Industrieanlagen GmbH of Germany has announced a tie up with Philippine Energy company, Basic Energy Corp.
According to the agreement:
MAN will explore the possibility of investing directly in some of Basic’s energy development efforts. It will also act as contractor for its bioethanol projects.
This will most likely be the first foray of the Alsons Group into renewable energy as they announced that they are planning to setup 3 hydro electric plants in the Visayan region upon approval from the LGU’s.
The group’s power unit has experience in running bunker fuel fed diesel power plants in Mindanao.
The project will be worth P3.8 billion and will be in the Bago River of Negros Occidental. Estimated completion time is 4 years and will generate 40 MW of clean and renewable energy.
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Announced recently that Aragorn Power and Energy Corp. (APEC) and its partner Guidance Management Corp. (GMC) will sign a geothermal service contract with the Department of Energy worth $3.7 Million.
This will give them 5 years to explore the province of Kalinga for geothermal wells to tap as energy. The province is said to have 60 MW worth of tappable geothermal energy.
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After Metro Pacific opted out of its MOA with Basic Energy to develop ethanol plants in the Philippines, Basic Energy was finally able to find a partner in Canadian company Nexum Energy Corp.
I wonder if Nexum was offered majority interest as what Metro Pacific had in their agreement? What’s sure that they will be doing together though are the following:
1, 2, and 4 I can understand. But Natural Gas? do they mean to say that they will put the waste product slop from the bioethanol refinery into a biodigester and turn it into methane for the 8MW powerplant?
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