North Negros BioPower

Expertise

PROJECT SITE

NEGROS OCCIDENTAL, PHILIPPINES

Expertise

CAPACITY

25 MW

Expertise

REACH OF ELECTRICITY SUPPLY

265 000 PEOPLE

Expertise

CO2 REDUCTION

20.600 TONNES P.A.

Landkarte Portfolioreport Web NorthNegros BioPower

IMPRESSIONS PROJECT PROGRESS

Project details

Project Special Purpose Vehicle (SPV)	North Negros BioPower Inc.
Location	Agro-Industrial Land, Barangay Sta. Teresa, Municipality of Manapla, Province of Negros Occidental, Philippines Coordinates: 10° 56’ 30.87“ N, 123° 10’ 20.42“ E
Technical Specifications	24.99 MW biomass plant (electricity production from agricultural waste) Project site: 252,900 m² Feedstock type: primarely cane trash with some grassy and woody energy crop plants (ECP) Feedstock utilisation: 244,000 tonnes per year Feedstock availability: 2.1 million tonnes per year of biomass are available within a 50 km-radius catchment area Grid connection: To an existing 69 kV transmission line, 0.10 km away
New permanent jobs	675 in the plant / 2.500 in feedstock production and collection
Supplier/Manufacturer	Boiler: Jinan Boiler Group Company Ltd (China) Steam Turbine: Siemens (India) Generator: TBC Motors, Transmitters: TBC Pneumatic Control Valve/Actuator: TBC Boiler Feed Pumps: TBC Gearboxes: TBC Mobile Fuel Shredder: TBC Tractors: Massey Ferguson (USA) Forage Wagons, Rotary Rakes: Pöttinger (Austria) V Rakes: Hodge Industries (Australia) Baler: Nantong Cotton Machinery (China)
General Contractor (EPC)	Poyry Energy Inc.
Operations & Maintenance	Poyry Energy Inc.
Lender´s Engineer	Sargent & Lundy LLC
Electricity Offtake Counterparty	Interconnection Agreement with Northern Negros Electric Cooperative (NONECO) Renewable Energy Purchase Agreement with National Transmission Corporation (Administrator of the government backed Feed-in Tarif Fund)
Credit Rating Electricity Offtake Counterparty	Standard & Poor’s: BBB+ with stable outlook Moody‘s: Baa2 with stable outlook Fitch: BBB with stable outlook
Specifications of the Power Purchase Agreement	Statutorily guaranteed feed-in-tariff rate of PHP 6.59 (USD 0.13) per kWh plus an annual escalation in electricity prices to account for inflation and exchange rate fluctuations. The rate has been set and approved for 20 years by the Government‘s Energy Regulatory Commission.
Status	Under construction since Q2 2018
Commercial Operations Date (COD) based on EPC contract	Q4 2019

Status: 30.06.2019

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