Metro Pacific poised to bag P22-b Payatas waste-to-energy deal
By Jenniffer B. Austria – February 11, 2019 at 08:10 pm
from manilastnadard.net
A consortium led by Metro Pacific Investments Corp. is expected to bag a P22-billion waste-to-energy project in Payatas, Quezon City.
The local government of Quezon City did not receive other offers challenging the consortium’s proposal on Feb. 4―the deadline for the submission of competing bids.
The Quezon City government’s public-private partnership selection committee endorsed to Quezon City Mayor Herbert Bautista the proposal of the consortium of Metro Pacific, Covanta Energy Llc. and Macquarie Capital Ltd.
A request for the Quezon City Council to grant authority to the mayor in signing the contract with the consortium is seen as the next major step.
The pioneering project involves the construction of a waste treatment facility with a capacity to convert up to 3,000 metric tons a day of municipal waste into 36 megawatts of electricity.
The output is twice the current electricity requirements of the local government. The concession period covers 35 years.
Once the consortium is awarded the project, the development and construction will take three to four years. Metro Pacific is pursuing waste-to-energy projects in the country to address issues on solid waste management and increased demand for electricity.
The infrastructure conglomerate earlier said it was looking at creating a portfolio of waste-to-energy facilities with a generating capacity of 300 MW in the coming years.
It is also conducting studies for a similar waste-to-energy project in Pampanga.
Metro Pacific’s unit Metpower Venture Partners Holdings Inc. signed agreements to design, construct and operate biogas facilities for fresh fruits producer Dole Philippines in November 2018.
The biogas facilities aim to complement Dole Philippines’ existing operation by processing organic fruit waste from its Surallah and Polomolok facilities in South Cotabato and harnessing renewable energy in the form of biogas.
The planned biogas facilities will produce about 50,000 megawatt-hours of clean energy annually to be used by Dole Philippines for power generation and fossil fuel substitute.
Metro Pacific budget P1 billion for the project.
Metro Pacific has investments in hospitals, power generation, toll roads, logistics and water utility.
