Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

Trans-Asia planning to put up 120-MW wind farm in Cagayan

Posted on April 5, 2015

MANILA, April 5 (PNA) — Trans-Asia Renewable Energy Corporation (TAREC) is planning to put up a 120-megawatt (MW) wind farm in Ballesteros, Cagayan, according to the company’s President and Chief Executive Officer Francisco Viray.

”In all our service contracts, we only have activities in Ballesteros, Cagayan and Guimaras. That’s another potential of 120 MWs,” Viray told reporters.

TAREC said the estimated project cost for the 120-MW wind farm is USD 3 million per MW, or USD 360 million for the entire project.

Trans-Asia Renewables Energy Corporation is a full subsidiary of Trans-Asia Oil and Energy Development Corporation, which is also engaged in oil and gas exploration.

Viray said that TAREC will coordinate with the National Grid Corporation of the Philippines (NGCP) to build a transmission loop in Cagayan.

He added that TAREC’s potential 120-MW wind farm in Cagayan is supposed to be the first connection that will be served by NGCP in the area.

It will likely be developed after the generation company’s second project in Guimaras, which will not move without the increased wind installation target capacity for the Feed-in-Tariff (FIT), according to Viray.

Aside from Ballesteros, TAREC also has another wind service contract in Aparri, Cagayan.

Meanwhile, TAREC Chairman Ramon del Rosario bared they have no plan to venture into solar projects in the near future.

But he stressed they are interested in developing geothermal projects. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme