BoI approves RP-Japan biomass project

By JAMES A. LOYOLA
June 20, 2009, 9:26am

SURE ECO Energy Philippines Inc., a Filipino-Japanese joint venture, will embark into the biomass power generation project using organic waste to produce a combined 1,500 kilowatts of power.

The Board of Investments (BoI) has granted pioneer incentives to SURE ECO, which proposed to install their projects in four locations Holiday Hills Stock and Breeding Farm in San Pedro, Laguna; Silangan Swine Farm in San Jose, Lipa City; General M. Natividad Breeding Farm in Barangay Bravo in Gen. Natividad, Nueva Ecija; and Monterey Farms in San Vicente, Sumilao, Bukidnon. SURE ECO has decided to tap these areas as they are hosts to large-scale livestock farms, particularly swine, which could supply them with the organic waste for use in their power project. The company is investing P192.482 million.

In granting pioneer incentives to the project, the BoI noted that the new biomass power plants will reduce the power rates for the intended user by an average of 26.75 percent based on SURE ECO’s selling price vis-à-vis the prevailing power rate in area of operations.