Celso leads MOA signing for solar power generation PDF Print E-mail
Thursday, 11 November 2010 10:45

Zamboangueños can now look forward to an alternative power generating source.

This, as Mayor Celso Lobregat and officials from the Zamboanga Economic Zone and Freeport Authority and Zamboanga City Electric Cooperative Monday formally forged an agreement with a company specializing in financing and developing renewable energy projects worldwide.

The memorandum of agreement (MOA) paves the way for Enfinity Asia Pacific Limited, a Hongkong based company, to undertake a feasibility study to determine the viability of developing and operating solar energy facility projects of 20MW or more with minimum size of 10MW at the Zamboecozone in San Ramon.

The feasibility study is to start after the date of the MOA until 60 days after the feed-in tariff (FIT) is effective. It will establish the projects to be financially viable and upon finalization of government mechanism for the feed-in-tariff, as provided for in Republic Act 9513, the agreement purposes to allocate lands in the ecozone as the project site.

The project calls for an initial investment of 25M Euro or approximately over a billion pesos for the equivalent generating capacity of 10MW.

Mayor Lobregat signed the MOA for and in behalf of the city government based on an authorization from the City Council under Resolution 769 with Councilor Rey Candido as witness; Georgina Yu affixed her signature for and in behalf of the Zamboecozone based on board resolution 2010-10-10 with Meinrad Yanga as witness while Rolando Gregorio signed the agreement for and in behalf of Zamcelco with Reinerio Ramos as witness.

Enfinity Asia Pacific Limited was represented by Gino Van Neer, chief executive officer and co-founder of the company.

The signing took place at the conference room of the Board of Investments (BOI) in Makati with Energy Secretary Rene Almendras, Trade Secretary Gregory Domingo and other top officials in attendance.

Mayor Lobregat expressed optimism that the proposed establishment of a solar power generating plant in the city will greatly help supplement the city’s power supply considering the constantly increasing power demand.

The use of renewable energy is strongly encouraged under Republic Act 9513 also known as the Act Promoting the Development, Utilization and Commercialization of Renewable Energy Resources and for Other Purposes which was enacted on July 28, 2008. The law makes the development and utilization of renewable energy sources as a policy of the government. The same law promotes the efficient and cost-effective commercial applications by providing fiscal and non-fiscal incentives to the proponents.

Lobregat said solar energy is expensive because of the heavy investment cost but the existence of RA 9513 makes renewable energy resources viable and feasible.
Recall that last August 22, at the behest of Mayor Lobregat, Enfinity Philippines represented by Dennis Chan Ibarra, came over to Zamboanga to explore the possibility of investing at the ecozone with the primary goal of supplementing and complementing the power supply in the city.

Ibarra, president of Enfinity Asia Pacific Limited, visited the San Ramon industrial park and met with Mayor Lobregat, officials from the Zamboanga City Electric Cooperative, Zamboanga Chamber of Commerce and Industry Foundation, Inc. and other power supply stakeholders to initially discuss about the proposal.

Ibarra, whose office is based in Hongkong, said his company is ready to set up an initial 10mw facility for the first phase of the project subject of course to compliance of the necessary requirements.

By Sheila Covarrubias