Energy Development Corp. (EDC) announced that they recently got the approval of the Dept of Energy for their wind farm projects in the Philippines paving the way for their construction.
These are for wind the farm projects in Camiguin, Dinagat and Surigao in Mindanao as well as Luzon projects in Balaoi-Pagudpud Ilocos Barangay Saoit at llocos Norte as well as another at Taytay, Rizal.
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$400 Million into wind energy that is. Alternergy Philippine Holdings Corp. announced that they are looking to invest $400 million midterm into wind based renewable energy projects in the Philippines. The $400 million will equate to about 200 MW worth of Wind Energy Projects.
The Vestas Services Philippines Inc. is scheduled to be inaugurated this evening and will eventually hire 200 local employees by 2011 with an initial start this year of 100 hirees. They currently have 25 employees already in their stable.
The site will support Vestas global operations providing backend support for the operation of 11,500 turbines worldwide. Their tasks include surveillance, service desk and programming. Vestas already has similar facilities in Denmark, Singapore and the US.
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Energy Development Corp (EDC), vice chairman Paul Aquino, said that they were mulling putting up additional wind power plants in their Pagudpud, Ilocos Norte site. This will add further to their on-going 86 MW wind power project in Burgos, Ilocos Norte which they plan to have running by Q3 of 2010.
Initially the Burgos project was supposed to generate only 40MW of wind power generated electricity but due to the anticipated increase in demand for energy they decided to bump up their capacity.
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PetroEnergy Resources Corp. (PERC) vice president, Francisco Delfin Jr., announced that they will put up a 30 MW wind power plant in Nabas-Buruanga-Malay in Aklan and another 30MW wind power plant in Sual Pangasinan. Both are expected to cost about P2.6 Billion each to construct.
Prior to that, they will spend around $500,000 over the next two years to assess and confirm the wind power potential of the two areas. They also announced that they will use wind technology for their wind project from NRG Wind Mast Systems.
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Alternergy Philippine Holdings Corp announced that they had entered into a joint venture with Eurus Energy Japan Corp. and Korea East West Power Co. (EWP) to develop renewable energy projects in the Philippines. Both companies will invest a total of $100 Million into the company.
EWP is a subsidiary of Korea Electric Power Corp. (Kepco) while Eurus Energy Japan is a subsidiary of Eurus Energy Holdings Corp. of Japan which in itself is owned by Tokyo Electric Power Company, Inc. and Toyota Tsusho Corp.
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