South 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 SouthNegros BioPower

Impressions project progress

Project details

Project Special Purpose Vehicle (SPV)	South Negros Biopower Inc.
Location	Agro-Industrial Land, National Highway, Barangay Cubay, La Carlota City, Province of Negros Occidental, Philippines Coordinates: 10 25 23.32 N, 122 56 13.11 E
Technical Specifications	Project site: 300,000 m² Feedstock type: primarely cane trash with some grassy and woody energy crop plants (ECP) Feedstock utilisation: 220,000 tonnes per year Feedstock availability: 1.4 million tonnes per year of biomass are available within a 50 km-radius catchment area Grid connection: to the existing 69 kV substation in San Enrique, 8 km away
New permanent jobs	675 in the plant / 2,500 in feedstock production and collection
Supplier/Manufacturer	Boiler: Wuxi Huaguang Boiler (China) Turbine: Harbin Turbine (China) Generator: Shandong Jinan Power Equipment Factory (China) Motors, Transmitters: ABB (Switzerland) Pneumatic Control Valve/Actuator: Nihon Koso (Japan) Boiler Feed Pumps: Sulzer (Switzerland) Gearboxes: Siemens (Germany) Mobile Fuel Shredder: Roto Grind (Germany) Tractors: Massey Ferguson (USA) Forage Wagons, Rotary Rakes: Pöttinger (Austria) V Rakes: Hodge Industries (Australia) Baler: Nantong Cotton Machinery (China)
General Contractor (EPC)	Wuxi Huaguang Electric Power Engineering Co., Ltd.
Operations & Maintenance	Poyry Energy Inc.
Lender´s Engineer	Sargent & Lundy LLC
Electricity Offtake Counterparty	Interconnection Agreement with Victorias-Manapla-Cadiz Rural Electric Service Cooperative Inc. (VRESCO) 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 6.63 (USD 0.15) 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 2016.
Commercial Operations Date (COD) based on EPC contract	Q4 2019

Status: 30.06.2019

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