PetroGreen Energy Corp. (PetroGreen) has been awarded a service contract by the Department of Energy (DOE) to set in motion the construction of a wind farm in San Vicente municipality, northern Palawan.
A subsidiary of the Yuchengco Group of Companies’ (YGC) publicly-listed PetroEnergy Resources Corporation (PERC), it said its renewable energy arm PetroGreen has received the San Vicente Wind Energy Service Contract on November 11 from the energy department to develop a wind facility in the emerging tourism hub in the province.
The service contract, effective October 9, 2019, vests PGEC with the rights and responsibilities to harness wind energy and develop and operate the corresponding renewable energy facility in the area.
The proposed project is situated in the municipality of San Vicente, northern Palawan, approximately 130 kilometers north of Puerto Princesa.
“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 chief operating officer Maria Victoria Olivar.
PetroGreen’s goal is to expand renewable energy (RE) capacities by establishing its presence in some areas in the Philippines, PetroEnergy president Milagros Reyes said in a statement on November 19.
“With the award of the service contract, we will proceed with our feasibility studies to ascertain the commercial viability of the block,” she added.
PERC president Milagros Reyes also said in the statement that the new project is part of their goal to increase PGEC’s renewable energy capacities through deliberate expansion in selected areas in the country.
It is to recognize their commitment to renewable energy with hopes to work with the DOE, the local government units, and other stakeholders.
“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,” Reyes said.
PGEC power facilities include the 32 MW Maibarara geothermal plant in Sto. Tomas, Batangas by Maibarara Geothermal, Inc. (MGI), the 36 MW Nabas-1 wind farm operated by PetroWind Energy Inc. (PWEI) and the 70 MW Tarlac solar project in Tarlac City under PetroSolar Corporation (PSC).