Firm gets permit for wind project
A subsidiary of PetroEnergy Resources Corp. (PERC) has been awarded a service contract for a planned wind power project in Palawan.
PERC said in a statement PetroGreen Energy Corp. (PGEC) received notice from the Department of Energy on Nov. 11 on the contract for the San Vicente Wind Energy project that officially became effective Oct. 9.
The service contract authorizes PGEC to harness wind energy and to develop and operate the corresponding renewable energy facility in the area.
The proposed project is to be located in San Vicente town, which is about 130 kilometers north of Puerto Princesa City.
“The ecotourism growth in San Vicente and adjoining towns, the lack of reliable power supply and the strong support by the provincial and municipal governments for environment-friendly energy facilities drive our decision to invest in San Vicente, Palawan,“ PGEC deputy chief operating officer Maria Victoria M. Olivar said.
“With the award of the service contract, we will proceed with our feasibility studies to ascertain the commercial viability of the block,” Olivar said.
When asked for details, PERC said there was no number for the facility’s generating capacity as this would depend on the results of their feasibility study.
PGEC’s renewable energy portfolio so far includes the 32-megawatt Maibarara geothermal plant in Sto. Tomas, Batangas; 36-MW Nabas-1 wind farm in Aklan; and the 70-MW Tarlac solar project in Tarlac City.
“This new project is part of our goal of increasing PGEC’s renewable energy capacities through deliberate expansion in selected regions of the country,” said Milagros V. Reyes, president of parent firm PERC.
“We recognize that this is a long-term commitment and we are excited to start working with the DOE, the Palawan local governments and other government agencies in bringing green, indigenous and renewable energy supply to San Vicente through wind power or wind-hybrid power systems,” Reyes said.
PERC is a publicly listed Philippine energy company of the Yuchengco group that holds a diversified business portfolio in upstream oil exploration, renewable energy development, and power generation. PERC set up PGEC in 2010 to invest in renewable energy development.
