HONG KONG-BASED ENERGY WORLD International Ltd. hopes to further strengthen its presence in the country by putting up a 50-megawatt (MW) wind farm in Gen. Nakar, Quezon province.
The power project is on top of the natural gas terminals and power facilities that Energy World plans to establish in Quezon.
According to the Department of Energy, the company has already identified a site where it plans to install its monitoring equipment and is in talks with the local government involved.
Energy World did not indicate the amount it would invest in the project. But government officials earlier explained that, as a rule of thumb, a firm would need to invest roughly $2.5 million to $3 million to produce a megawatt from wind power.
The company targets to complete the wind power project by 2011.
Also, Energy World will pursue its proposed 300-megawatt (MW) liquefied natural gas and combined cycle gas turbine in Pagbilao, said Jesus Tamang, director for the DOE energy policy and planning bureau.
The company is now in the process of securing the necessary permits to start the construction of facilities at the site, Tamang said.
Energy World earlier signed a contract with Malory Properties Inc. for the lease of the property. It has also secured an environmental clearance certificate (ECC) from the Department of Environment and Natural Resources.
Tamang earlier said the power project would be implemented in stages, starting with a 150-megawatt plant. It will be later ramped up to 300 MW.
Documents from the DOE showed that the company would pursue not only the combined cycle gas turbine project, but also a Pagbilao LNG hub terminal.
Energy World reportedly wants the proposed natural gas projects to start operating commercially by end-2011. The power plant will be connected to the Luzon grid.
The DOE has been pushing for some $5 billion worth of investments in the downstream natural gas industry, particularly for strategic infrastructure that will enable existing and new gas supplies to be developed.
These will include the construction of a gas transmission and distribution pipeline networks, including related facilities such as LNG terminals, CNG refilling stations and their respective ancillary facilities.
These will be constructed primarily in Luzon, where demand concentration for natural gas is projected to peak in 10 years.