Bronzeoak Philippines and European fund manager ThomasLloyd Group are on track to finish two biomass power projects in the Visayas with a combined capacity of 45 megawatts, an official said over the weekend.
Bronzeoak Philippines chairman Jose Maria Zabaleta Sr. told reporters the San Carlos BioPower’s 20-MW biomass power plant was now under construction, while the 25-MW plant of South Negros BioPower Inc. in La Carlota City was in the process of obtaining permit from authorities.
Bronzeoak Philippines, established by Zabaleta & Co. and Bronzeoak Ltd. of the UK, specializes in the renewable energy project development and the finance and management of integrated agro-energy projects in the Philippines.
The ThomasLloyd Group, meanwhile, acquired Bronzeoak Ltd. of the UK, the principal subsidiary of Bronzeoak Group Ltd., several years ago.
The San Carlos BioPower will tap sugarcane residues typically left in the fields after harvest and energy crops from dedicated plantations as feedstock. The principal feedstock will be augmented by other locally available agricultural residues such as biomass.
The San Carlos BioPower facility, which will be built alongside the existing San Carlos Bioenergy ethanol facility, will provide electricity to an area of short supply and increasing demand for power, and will provide an additional source of income to the local farming community.
Zabaleta said the company was hoping to start construction of the South Negros facility by the third or last quarter of the year after getting government permits.
“South Negros is also in the permitting stage and we hope to do that within this year to issue the notice to proceed… It takes two years to build,” Zabaleta said.