Quantcast
Latest Stories

Biomass Holdings buys 64% of San Carlos BioPower

By

BIOMASS Holdings Inc. acquired for P667.5 million a 64-percent equity interest in San Carlos BioPower Inc., which is set to build an 18-megawatt biomass facility in Negros.

Biomass Holdings is a joint venture between listed local firm Greenergy Holdings Inc. and Cleantech Projektgesellschaft mbH, a global investment holding company focused on renewable energy infrastructure and is managed by the ThomasLloyd Group. It was formed specifically as the two companies’ vehicle in their entry into San Carlos BioPower.

In a disclosure to the Philippine Stock Exchange on Tuesday, Greenergy Holdings said the investment made by Biomass Holdings completes the equity fund-raising for San Carlos BioPower.

“Subject to finalization with its banks for the balance of the project funding, San Carlos BioPower is ready to commence construction of an 18-MW biomass power generation plant in Negros Occidental,” Greenergy added.

Data from the website of San Carlos BioPower showed that the 18-MW biomass facility would be a greenfield, stand alone power plant that could supply baseload power to the local grid. The biomass facility will use sugarcane residues and energy crops from dedicated plantations as feedstock.

“The facility will provide electricity to an area experiencing short supply of and increasing demand for power. It will also provide an additional source of income to the local farming community.  San Carlos BioPower is committed to providing sustainable power from renewable sources of energy and to maintaining the environmental integrity of the surrounding area upon its completion in late 2013,” San Carlos BioPower said


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: biomass holdings , Business , equity interest , san carlos biopower inc.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • What Went Before: Malacañang allies alleged involvement in pork scam
  • Timeline: Napoles tell-all
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • Napoles surgery in Makati hospital successful
  • Save the queen? Aide takes fall for Enrile, Gigi Reyes
  • Sports

  • Mixers trim Aces; Painters repulse Bolts
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Visiting chefs from Denmark get creative with ‘ube,’ ‘ buko,’ ‘calamansi,’ mangoes
  • Salted baked potatoes
  • A first in a mall: Authentic Greek yogurt–made fresh in front of diners
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • Philippine Airlines to stop shipment of shark fins
  • PH banks not ready for Asean integration
  • Stocks down on profit-taking
  • Banks allowed to use ‘cloud’
  • SMIC to issue P15-B bonds
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Obama arrives in Tokyo, first stop of 4-nation tour
  • Believe it or not: Filipinos love US more than Yanks
  • Marketplace