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NABAS WIND POWER PROJECT SUCCESSFULLY DISPATCHES POWER TO THE VISAYAS GRID



PetroWind Energy Inc.’s (PWEI) Nabas Wind Power Project (NWPP) in Aklan commenced dispatching power to the Visayas grid on March 24, 2015. This followed after the National Grid Corporation of the Philippines (NGCP) issued a provisional certificate of approval to connect for PWEI to generate power for purposes of testing and commissioning.

The Energy Regulatory Commission (ERC) has earlier issued a certification allowing PWEI to conduct testing and commissioning for two (2) months.

PWEI is currently developing the 36 MW Phase 1 of the NWPP. The dispatch of power to the grid on March 24 was made from the first batch of wind turbine generators (WTGs), consisting of eight (8) WTGs with a gross capacity of 16 MW.

PWEI President Milagros V. Reyes said “PetroWind Energy Inc.’s first dispatch of power to the Visayas Grid is a big milestone, not only for the Company, but also for the province of Aklan. This is the first export of power from the province of Aklan that is sourced from renewable energy. Thus far, the Nabas Wind Power Project is the single biggest investment in renewable energy in Aklan province that has been able to successfully dispatch power to the grid. The timing of this dispatch is perfect, considering that this is the season when power demand is highest in the Panay area.”

PWEI is owned by publicly listed PetroEnergy Resources Corporation, through its 100% owned subsidiary, PetroGreen Energy Corporation (40%), CapAsia ASEAN Wind Holdings Cooperatief U.A. (40%), a company organized in the Netherlands, and EEI Power Corporation (20%), a wholly-owned subsidiary of publicly listed EEI Corporation.