ADFIAP cites DBP support to environment project
The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) has awarded a Certificate of Merit to state-run Development Bank of the Philippines (DBP) in recognition of its support to an integrated resource recovery management project that offers an eco-friendly solution to municipal solid waste management.
DBP president and chief executive officer Cecilia C. Borromeo received the recognition during the 2017 ADFIAP Development Awards and Annual Meeting held recently in Macao, China.
The DBP-assisted FDR Integrated Resource Recovery Management, Inc. (FDR-IRRMI) offers an integrated, zero-waste and no landfill approach for the management of municipal solid waste (MSW). Its Integrated Resource Recovery Facility located in Naga City, Cebu accepts up to 300 tons per day (tpd) of mixed waste, processes 150 tpd of compost and produces 60 tpd of refuse derived fuel (RDF). It has now handled more than 180,000 tons of MSW in seven years.
The project first received DBP loan support in 2011 to partially finance the expansion of its Materials Recovery Facility (MRF), which then had a capacity of 20 tpd. In September 2015, FDR-IRRMI received another DBP loan for the installation of a biogas plant with electricity generation, which was completed in December 2016.
