Japan eyes financial aid to RP's wind energy projects
06/18/2009 | 04:21 PM
MANILA, Philippines - The Japan Bank for International Cooperation (JBIC) and Japan International Cooperation Agency (JICA) are mulling to extend financial support as state-owned Philippine National Oil Co. (PNOC) is on a lookout for possible wind energy projects, company president Antonio M. Cailao said.
An agreement was signed by PNOC, which administers and monitors oil and power supply of the country, with a Japanese consortium.
Mecaro Rio Vista Energy Corp. (MOREnergy), Mecaro Co. Ltd., Philippine Nippon Steel Construction (PNS Construction) and ESCA Engineering formed an alliance to provide expertise in wind energy projects to PNOC, which will supply technical, financial and environmental studies and information on the country's wind energy program.
“We are hitting the ground running as PNOC pursues its wind energy development program. We are excited to sign this cooperation with the group of MOREnergy which is just as serious in making renewable energy work for us and for our country using the latest wind turbine technology," Cailao said.
MOREnergy is a joint venture of Rio Vista Properties and Mecaro Co. Ltd. Japan, which holds the patent of the world's first wind turbine system Spiral Magnus Wind Turbine that has spiral-shaped fins coiled around instead of propeller-type blades.
It will assist PNOC in getting technical aid and technology transfer.
“Studies by the US National Renewable Energy Laboratory shows that the country has a total wind resource of 76,600 megawatts (MW) and PNOC intends to tap into this abundant renewable energy source with the latest in wind technology," Energy Secretary Angelo T. Reyes said. -GMANews.TV
An agreement was signed by PNOC, which administers and monitors oil and power supply of the country, with a Japanese consortium.
Mecaro Rio Vista Energy Corp. (MOREnergy), Mecaro Co. Ltd., Philippine Nippon Steel Construction (PNS Construction) and ESCA Engineering formed an alliance to provide expertise in wind energy projects to PNOC, which will supply technical, financial and environmental studies and information on the country's wind energy program.
“We are hitting the ground running as PNOC pursues its wind energy development program. We are excited to sign this cooperation with the group of MOREnergy which is just as serious in making renewable energy work for us and for our country using the latest wind turbine technology," Cailao said.
MOREnergy is a joint venture of Rio Vista Properties and Mecaro Co. Ltd. Japan, which holds the patent of the world's first wind turbine system Spiral Magnus Wind Turbine that has spiral-shaped fins coiled around instead of propeller-type blades.
It will assist PNOC in getting technical aid and technology transfer.
“Studies by the US National Renewable Energy Laboratory shows that the country has a total wind resource of 76,600 megawatts (MW) and PNOC intends to tap into this abundant renewable energy source with the latest in wind technology," Energy Secretary Angelo T. Reyes said. -GMANews.TV
