Ilocos Norte renewable energy sources attract more investors

By Carlos P. Canares

 LAOAG CITY – A memorandum of understanding was recently signed by Governor Imee Marcis and Mr. Bae Jongsoo, a Korean national and Chief Executive Officer of Mirae Energy Corp. for the construction and operation of a solar power plant in the coastal town of Currimao.

Lito Badu of Mirae Asia Energy Corp., said they are eager to start the 20 megawatt power plant to generate renewable source of energy. The corporation will initially conduct soild testing in Barangay Pagulodan for the project.

Marcos hopes that this new energy resource will lead to further development in the province thru more revenues, job generation and cheaper electricity.

Aside from the solar power plant there will be more wind farms to be put up in the province. The Governor, in the second quarter of the year, announced that three more wind power developers were given the go signal to build five more power plants this year.

Energy Development Corp. will operate a $310 million 86MW facitlity in the town of Burgos while Energy Logistics will put up its plant also in Burgos and another in Pasuquin town with a capacity of 120MW costing $380 million.

UPC Renewables will also build a 50-MW wind farm in Pagudpud, the northern most town of Ilocos Norte. “We break our dependence on fossil fuels and within the next few years, we must generate 50% of the energy used by the province from renewable energies,” the governor said.

Ilocos Norte is home to the first windmills in the country and Southeast Asia. The 20 windmills in Bangui town are a milestone that jump-started the initiative of the government for energy projects across the country that would cut down dependence on existing generating systems using imported fossil fuels.

Aside from the windmills, the province also hosts and operates a hydropower plant in Pagudpud.(Reprinted from One-Luzon e-Magazine)