The Philippines government has given the go-ahead for the construction of a new wind farm in the Palawan region.
PetroGreen Energy, the renewable energy holding unit of publicly-listed PetroEnergy Resources Corporation (PERC), a member of the Yuchengco Group, says that the Department of Energy has awarded it the service contract for the San Vincente project, which will be built around 130 km north of Puerto Princesa City.
“The eco-tourism growth in San Vicente and adjoining towns, the lack of reliable power supply, and the strong support by the provincial and municipal governments for environment-friendly energy facilities drive our decision to invest in San Vicente, Palawan,” said PGEC deputy COO Maria Victoria M. Olivar. “With the award of the service contract, we will proceed with our feasibility studies to ascertain the commercial viability of the block.”
PERC president Milagros V. Reyes said: “This new project is part of our goal of increasing PGEC’s renewable energy capacities through deliberate expansion in selected regions of the country.
“We recognize that this is a long-term commitment and we are excited to start working with the DOE, the Palawan local governments, and other government agencies in bringing green, indigenous, and renewable energy supply to San Vicente through wind power or wind-hybrid power systems.”
