Thursday, October 20, 2011

2 Power Companies That Will Boost Negros Occidental’s Development



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

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