Wind power venture inked

Alternative Energy Logics Inc., a joint venture of Energy Logics of Canada and Transnational Diversified Corp. (TDC), is set to develop 100 megawatts of wind power in the country with an initial exploration in Zambales, Cavite and Ilocos Norte.

Wind power is one of new and renewable energy (NRE) sources, which the Department of Energy is developing to provide greater opportunities to the underprivileged.

Further, Executive Order 462 encourages private sector participation in the exploration, development, utilization and commercialization of ocean, solar and wind energy resources for power generation and other energy uses.

"We are setting our sights toward more sustainable sources of energy to reach the greater majority and hope that the NRE development program becomes a key solution," said Undersecretary Peter Anthony Abaya.

Energy Logics Inc. is a leading company in the Canadian wind power sector, while TDC is the investment and holding company of the Transnational Diversified Group (TDG), a Philippine conglomerate with interests in logistics, shipping, air and travel, information and communications technology, and now, energy.

Marco Delgado, president of TDC and Alternative Energy Logics Inc. (now renamed as Energy Logics Philippines Inc.), said, "TDG is committed to improving the lives of Filipinos and the environment in which we live. In this latest development, TDG has brought a world-class renewable energy group from Canada as a partner to aggressively develop renewable energy infrastructure in the Philippines."

He added: "This contract to develop 100 MW of renewable energy in the Philippines will bring to the Philippines over $150 million in investment and take our country a significant step forward in many tangible and intangible ways. We are firm believers in moving this country forward and proving not just to ourselves, but to the world, that the Philippines can, indeed, be an investment-friendly country that is rich in natural and human resources."