NAVAL, Biliran, May 15-- The provincial government
here is confident of attracting more investments with the completion of
geothermal and solar power projects.
Biliran Governor Gerardo Espina, Jr. said that
although their province was small, they were “lucky that some investors are
interested to put investment here.”
“The geothermal and solar power plants show that we
have something to offer to investors,” Espina said.
“This will mean economic development, possible
reduction of electricity rate, and power stability. But the investment’s main
benefit for us is on job generation especially in towns where power plants are
located,” Espina said on Monday.
The power plant by Biliran Geothermal Incorporated
(BGI) is located in Caibiran town while the Biliran Solar Power Plant of E and
P Green Energy Inc (EPGen) is located in Biliran town.
The geothermal power plant seeks to generate 10
megawatt (MW) power while the solar power plant is targeting to generate 25 MW.
BGI is expecting to start operation on September
2018 providing stable and reliable power supply in the province.
The BGI is also negotiating with a power contractor
to construct a modular binary geothermal power plant expected to be
commissioned by September 2018 and in the process of negotiating for power
sales agreement with electric power distribution utilities.
The solar power plant in Biliran town, however, has
not yet started its construction of facilities but solar panels, which will be
used in the harvesting of energy from the sun is already on site.
The solar power plant will cover 39 hectares of
land. The target is to complete the project early next year.
(Roel T.
Amazona/PNA)
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