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PETROWIND’S 50 MW NABAS WIND PROJECT GETS ERC APPROVALS



PetroWind Energy, Inc. (PWEI) recently obtained two key ERC decisions from the Energy Regulatory Commission (ERC) that bring its 50MW Nabas Wind Power Project in Aklan closer to commercial operations. On December 11, 2014, ERC approved PWEI’s authority to develop, own, and operate dedicated point-topoint facilities connecting the Nabas wind farm to the National Grid Corporation of the Philippines’ (NGCP) Nabas-Caticlan 69Kv overhead transmission line. In a separate certification released on December 19, the ERC likewise approved the commissioning tests of the first eight (8) wind turbine generators (WTGs) in Nabas for a period of two months from 17 January to 17 March 2015.

PWEI President Milagros V. Reyes said “These ERC decisions show PWEI’s strict compliance on rules set by the DOE, NGCP, ERC, and the EPIRA for the construction and operation of interconnection facilities by private generators. They move our 36MW Nabas Phase-1 project closer to commercial operation without any regulatory encumbrances. We shall test the remaining ten (10) WTGs of our Phase-1 soon after to complete the project by the end of March, 2015. We are proud that our investment in Nabas is contributing to the installation of about 400MW of wind power in the country by first quarter, 2015 –Southeast Asia’s fastest deployment to-date of clean and renewable wind power.”

PWEI is a joint-venture company 40%-owned by PetroEnergy Resources Corp.’s wholly-owned subsidiary PetroGreen Energy Corp., 40% by Singapore based CapAsia ASEAN Wind Holdings Cooperatief U.A., and 20% by EEI Power Corp.

Aklan Governor Florencio T. Miraflores declared “We welcome the upcoming commissioning of the P4.0 Billion Nabas Phase-1 Wind Power Project – the single biggest investment in Aklan province to-date. This will help meet the soaring demand for power in Boracay as well as becoming an eco-tourism attraction in its own right. And just as important, we look forward to receiving the local government share of royalties from PWEI’s feed-in-tariff (FIT) revenues. We are fortunate that some of the FIT-Allowance to be collected from consumers nationwide will also be benefiting Aklan LGUs not just those in Luzon.”

“The projected completion of Nabas-Phase 1 in March and the ERC transmission approval are timely because power demand in Boracay peaks during the summer months, “ added PWEI Executive Vice President F. G. Delfin Jr. “Based on the NGCP grid impact study, the Nabas-Caticlan transmission line can accommodate 50MW of power from the Nabas wind farm. Thus, when we commission the 36 MW Phase-1 of the project, there will be no grid capacity congestion when electricity is dispatched from the wind farm to the Panay consumers. This situation is beneficial to the FIT program in general because it means that any FIT allocated to the Nabas project will not lead to stranded benefits, or undelivered renewable energy supply, to consumers paying for the FIT incentives.”