Thursday, 10 December 2009

Northwind readies work on Aparri wind project

Alena Mae S. Flores
Manila Standard
http://www.manilastandardtoday.com/insideBusiness.htm?f=2009/december/9/business3.isx&d=/2009/december/9

Northwind Power Development Corp. will start building a 30-megawatt to 40-megawatt wind project in Aparri, Cagayan province costing $60 million to $80 million by 2011.

“The project’s capacity will depend on our resources, also the feed-in tariff,” Northtwind president and chief executive Niels Jacobsen said. The mechanism ensures a fixed power rate for renewable sources of energy during a 12-year period.

“We are hoping to implement [the project] in 2011. But we are measuring, we are already gathering the resources. We are also looking at how much the area can yield in terms of generation,” Jacobsen said.

NorthWind has completed the expansion of the 33-MW Bangui Bay project in Ilocos Norte, the largest wind farm in Southeast Asia.

The $50-million Bangui Bay project sells electricity to the Ilocos Norte Electric Cooperative and provides 40 percent of the power requirements of the province.

Jacobsen said the company could even start the project earlier, pending finalization of renewable energy portfolio standards.

Jacobsen said the company was also in talks with various institutions to finance the project.

NorthWind Power’s subsidiary, Northpoint Wind Power Corp.. will undertake the project construction.

Northwind chairman Ferdinand Dumlao said the project had received the support of Japanese, Danish and Spanish investors and creditors.

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