Pepsi Cola Products Philippines Inc announced that it is developing a 1.2MW biomass-fired power plant in its facility in Rosario, La Union together with Solutions for Renewable Energy Inc. (SURE). The project is estimated to cost around $2.7 Million to develop and will use rice hull, wood chips, and other biomass materials for its feedstock.
In line with this, they announced that they are planning to tie up with other Renewable Energy Developers to build over 11-15 MW of power plants to support its other bottling facilities around the country. These sites will be in La Union, Pampanga, Muntinlupa, Naga, Cebu, Bacolod, Leyte, Iloilo, Zamboanga, Davao, and Cagayan de Oro.
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Local firm Ecoenerhiya announced that they will put up a 10 MW biomass project in Quezon with a price tag of $36 Million (P1.7 Billion) under Unisan Biogen. 70% of the project will be financed through loans while the rest will be from equity. They are currently approaching Banco de Oro to finance their project. Construction is expected to begin by May 2010 and to be completed by June the following year. They have already signed a supply agreement with the Quezon Electric Cooperative for the energy produced by the plant
Bronzeoak Philippines, a subsidiary of Bronzeoak Ltd of the UK, announced that they were building two power plants to power their bioethanol distillery in the Bukidnon and Tarlac. Both projects are expected to cost about $100 Million and will deliver 15MW of power each. They will work in tandem with a 40 million li/year ethanol processing plant.
