2 Power Companies That Will Boost Negros Occidental’s Development

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News of the additional investors on renewable energy in Negros Occidental once again proved that the province is on the way to become the ideal place for investment especially from multinational firms. Aside from the real estate development which is sprouting everywhere - either north, central or south of the province - renewable energy is also one of the areas that the province will set to become a leader. Here are the two recent companies that will surely create more jobs in the province.

1. Thomas Lloyd Investments Group

Thomas Lloyd Investments Group, a German firm who recently visited Negros Occidental initially set to invest in the first power plant in San Carlos City in partnership with Bronzeoak Philippines in a project dubbed as San Carlos BioPower, an 18-megawatt biomass plant slated for operation two to three years from now. $40-million investment is needed for this biomass plant project which can be provided by Thomas Lloyd Investments Group.

The firm is also interested in developing 2 more areas of the province.

2. Youil Renewable Energy Corporation

This is another company that will surely help uplift the economic condition of Negros Occidental.

A South Korean firm, Youil Renewable Energy Corp. has secured the support of Negros Occidental Gov. Alfredo G. Marañon, Jr. for its proposed 30- to 40-megawatt (MW) solar power plant on a 71-hectare property in E.B. Magalona town, about 24 kilometers north of Bacolod.

This firm has one solar farm in Cagayan de Oro that was installed in 2005 and still operational until now.

sources: philstar.com and gmanews.tv

Who Else Wants to Invest in the Philippines?

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The title of this post reflects what came into my mind when I read the news from Sun Star. These 10 companies will be great addition to others who started investing on renewable energy here in the Philippines specifically solar energy. This will be a big help in the realization of Philippine government's dream to fully energize the rest of the country, particularly in the remote areas.

The report said that 10 German companies are set to visit the Philippines soon to consider the renewable energy sources of the country as an investment opportunity. Let’s hope that this will be happen.

Here's the whole story.

"ABOUT 10 German companies are set to visit the Philippines soon to study the potential investment opportunities in the country for renewable energy, specifically on photovoltaic solar power generation, the Department of Foreign Affairs (DFA) said Thursday.

Citing reports from the Philippine embassy in Berlin, the DFA said that a special program has been organized by the German Agency for International Cooperation (GIZ) for German companies to familiarize themselves on the country’s investment potential.

Philippine Ambassador to Germany Maria Cleofe Natividad reported that German firms have “renewed confidence” on the administration of President Benigno Aquino III.

In a workshop on solar energy technologies organized in Berlin by the GIZ and the German Federal Ministry of Economics and Technology(BMWi), Natividad told German executives that “the Philippines aims to provide electricity to 90 percent of all households by 2017,” which she added can “only be made possible by harnessing solar energy that can reach the most remote communities.”

Regular and traditional transmission systems can no longer work in remote communities as these systems are only viable in high-density populated areas.

She added that while in 2010, the installed solar power capacity of the Philippines was only 0.01 percent or one-ten thousandth of the total installed capacity nationwide and may appear to be negligible.

 This, however, means that there is still a big potential for development and expansion, Natividad stressed."

source: Sun Star