A local power company will be joining forces with a Malaysian firm and a Chinese company for the establishment of a wind farm in Cebu, which is set for commencement early this year.
Amihan Energy, a local power company, recently signed a memorandum of agreement with Visayan Wind Energy Holdings, Mudajaya Berhad of Malaysia and Dongturbo Electric Co. Ltd. (DTEC) of China to complete the 50-megawatt wind farm in Cebu, the second renewable energy project in the country.
Included in the partnership agreement is an initial investment of $180 million. The wind energy facility will supply additional electricity not just to Cebu City but to the entire province of Cebu through the Visayan Electric Co.
Jack Rodriguez, Amihan Energy chairman, said that the capacity of the windmills will be expanded to 200 megawatts in the coming years, with a plan to combine the project with solar power to be able to create a stronger base for the project.
The wind power project is expected to start in February this year and completion date would be in the middle of 2015. Once completed, the Cebu windmills will be second to the windmills that are already operational in Bangui, Ilocos Norte.
“Our intention is to make this as one of the largest integrated wind farms in the Southeast Asian region,” Anto Joseph, chief executive officer of Mudajaya, said.
The Amihan wind energy project involves the building of wind mills in an 18,000-hectare leased lot within Cebu City, Balamban and Toledo City in Cebu.
Mudajaya Group is one of Forbes Asia’s 200 Best Under a Billion companies. It has $541 million in sales, $78 million in net income and $463million market capitalization. The Malaysian firm is engaged in construction, trading, property development and manufacturing.
DTEC, on the other hand, is an international corporation based in Chengdu, China. It has branches and joint ventures in Malaysia, Thailand and the Philippines.