CALAPAN CITY, Philippines – A memorandum of agreement (MOA) for the construction of Phase 1 of the 48-megawatt wind power project in this province was recently signed with the Italian government.
“Our (Italian) government is wishing that more investors will pour their resources in the development of renewable energy in the Philippines.” Italian Ambassador Luca sFornari said during the MOA signing and awarding ceremony at the Makati Shangri-La in Makati last Wednesday.
The first phase of the project, which will provide 16 megawatts of renewable wind energy, will cost around P2 billion.
Oriental Mindoro Rep. Rodolfo Valencia said the wind power project is so far, the biggest renewable energy undertaking in the whole Mindoro Island. He said it would make Oriental Mindoro the new “power basket” in the country.
The Philippine Hybrid Energy Systems Inc., which handles electric transmission grid projects and specializes in operating electric transmission stations and power plants from hydro power plant to wind farms, will manage the project.
Valencia said the completion of the project will result to the lowering of power rates from P13 per kilowatt-hour to P6.50 per kwh in this province.