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The Global Business Power Corp. (GBPC) is eyeing developments on waste-to-energy projects of at least 55 megawatts (MW) with two sugar mills in Bacolod and Batangas.
“The two other mills [in Bacolod] are smaller, maybe around 20 to 25 MW. But the one in Batangas is bigger at around 35 MW,” Metro Pacific Investments Corp. (MIPC) chairman Manuel Pangilinan said.
“[This is in] respect to our sugar mills, waste-to-energy using bagasse principally, and we’re looking into other ways for energy [like] municipal waste,” he said.
GBCP is looking for new renewable energy opportunities, particularly in the Visayas region.
The company is currently working on a 40-MW biomass facility with partner Roxas Holdings Inc. (RHI).
The plant is located at RHI’s Central Azcarera de la Carlota Inc. and is being designed by Pöyry Energy Inc.
With the targeted completion in the third quarter of 2017, the plant is expected to be under the Feed-in-Tariff (FIT) for biomass, which has an allocation target of 250-MW and a FIT rate of P6.63 per kilowatt-hour.
GBCP is eyeing to double its existing capacity by 2021. It currently has an aggregate capacity of 852 MW from coal-and diesel-powered generating plants.
GBPC is a leading Visayas power supplier now controlled by MPIC, a Pangilinan group, after acquiring 56 percent stake for P22.06 billion in May as part of a strategic alliance with GT Capital Holdings Inc.
