30 March 2010 in Malaya Business Insight

UK firm signs contracts for biomass plants

UK-based Global Green Power PLC Corp. (GGPC), through its subsidiaries Green Power Panay Philippines Inc. and Green Power Nueva Ecija Philippines Inc., has secured an engineering procurement and construction (EPC) contracts with Poyry Energy Inc for the development of a two 17.5 megawatt biomass power plants in Mina, Iloilo on Panay Island and Nueva Ecija in Luzon.

Green Power Bukidnon Philippines Inc., another GGPC subsidiary, also signed a letter for the development of a 35 MW biomass plant in Bukidnon, Mindanao.

The three new plants will utilize agricultural wastes such as rice husk, sugar cane residue and rice straw.

The company said that it is fastracking its biomass projects at the request of the DOE to help alleviate the severe power shortages within their respective regions.

"We are very excited about the GGP project as they share our vision of biomass, the need for scale, track record and quick roll out to become a market leader and a national champion in renewable energy in Philippines. Winning the deal has come at an exciting time for DP CleanTech, particularly after the recent strategic agreement made between holding company Dragon Power and the China Construction Bank for $4 billion credit line. This will give the group access to resources to continue the rollout of biomass power plants in China," said Kai Johan Jiang, chairman of Dragon Power Group.