Firm eyes partnership with LGUs for trash-fed power generation projects
Integrated Green Technology Inc. (IGTI), a homegrown waste management and renewable energy firm, is firming up partnerships with the provincial governments of Pangasinan and Cebu provinces to build several trash-fed power plants that cost a total of $230 million, or about P11.6 billion.
In an interview on Friday, IGTI president and chief executive Michael Jimenez said the company intended to build the facilities through joint ventures with the local government units (LGUs), with the latter’s equity mainly the land that would host the projects.
“For Pangasinan, we are looking at a facility that can use 970 tons of solid waste a day,” Jimenez said.
With 50 tons of waste needed to generate one megawatt of electricity, he said the planned Pangasinan project would have a capacity of about 19 MW.
Jimenez said there were two prospective projects in Cebu, one in Mactan and another in Aloguinsan, each at 320 tons daily or about 6 MW. However, design details such as throughput volume and generating capacity—are still being finalized.
These planned projects, Jimenez said, have full support from European funders, including the London-based Allied Project Services Ltd.
“We anticipate financial closing in the first quarter of 2020 and expect plant operations to start in the first quarter of 2022,” he added.
For technology partners, Jimenez said IGTI had engaged Indian-based CNIM Martin Private Ltd., whose parent firm was based in France and whose technology was patented in Germany.
Jimenez said the components of the facilities would be manufactured in India, specifically for use in Asian markets such as the Philippines.
“We are in talks with other LGUs for a total of at least 12 projects spread out across the Philippines, including three in Mindanao,” the CEO said.
“Our goal is to provide state-of-the-art waste management, energy sustainability and environmental protection for every LGU,” he added. “We believe the use of sanitary landfills is best replaced with what we offer.”—RONNEL W. DOMINGO
