Skip to content

Philippines Today

home of the Global Filipino

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

Mackay Green Energy to develop 32 MW biomass projects in Mindanao

Posted on June 14, 2015

By Juzel L. Danganan

MANILA, June 14 (PNA) – Mackay Green Energy Inc. Chairman and Chief Executive Officer (CEO) James Mackay said the company will develop 32 Megawatts (MWs) of biomass projects in Mindanao.

”We’ll build three projects in Mindanao, two 10 MW and one 12 MW,” Mackay told reporters.

Both Bukidnon-based Kalilangan Biomass Energy Corp. and Don Carlos Biomass Energy Corp. will serve as the subsidiary for the two 10-MW projects, while Misamis Oriental Biomass Energy Corp. would develop the 12 MW project.

Mackay Green Energy Inc. will have an 80 percent stake from the companies, while the local electric cooperative will get 20 percent.

It will also finance the USD 96 million projects and supply the bana grass crop, which was initially discovered in Africa.

Mackay said the firm will initially plant the crop first, which could grow up to 28 feet in four months.

It has already planted bana grass in Negros with 3,000 hectares, Leyte with 1,000 hectares, Nueva Ecija with 130 hectares. It is also seeking more land in Cebu and Mindanao.

For the power plant, Mackay estimates the 10 MW projects will take nine months to complete construction and is targeted to start commercial operations by the middle of 2016.

The three projects will also avail of the Php 6.63 per kilowatthour (kWh) Feed-in-Tariff (FIT) allowance.

Aside from using bana grass as a biomass fuel, Mackay pointed out coal-fired power plants could also utilize the bana grass that will shrink its carbon emissions.

He added the company is talking to generation companies for its potential supply of bana grass to coal-fired power plants. (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