By Alena Mae S. Flores – January 29, 2020 at 08:35 pm
The BioPower Group, spearheaded by Negros Island Biomass Holdings Inc. and funded by global investment firm ThomasLloyd, is planning a 200-megawatt biomass expansion project.
Don Mario Dia, BioPower director and treasurer, said the expansion hinged on the issuance by the government of a feed-in tariff for the three plants, which were completed last year in time for the deadline set by the Energy Department.
“We’re looking at about 200 MW (expansion). Different places,” Dia said.
He said the biomass plants would have a capacity of 20 MW to 30 MW each, with estimated project cost of P3 billion to P4 billion per facility.
“We have written a letter already, pleading to expedite (the FIT) if they can push and allow… Give us the FIT and we will expand,” Dia said.
The BioPower Group last year completed its three biomass power plants fueled by sugarcane field residues in Negros island with a combined capacity of 70 megawatts and total investments of P16 billion.