Sugarcane wastes are processed and converted to feed-stocks to generate electricity using a low carbon-emitting process called circulating fluidized bed boiler technology.
Before, sugarcane farmers burned these wastes in the field, a practice that contributed to air pollution in Negros Occidental in Central Visayas, Philippines.
The International Finance Corp. (IFC), a member of the World Bank group with the support from Canada and the Clean Technology Fund, has invested $161 million in three biomass power plants in Negros Occidental.
“Energy is central to the Philippine development and the need for the country to further diversify and secure its energy sources. Converting agricultural waste to biomass power is a sustainable way of creating economic value while caring for the environment,” says IFC country manager for the Philippines, Yuan Xu.
“We are pleased to support innovative projects abroad that help reduce global greenhouse gases. Through our partnership with the IFC, Canada will deliver funds that will enable the growth of renewable energy while supporting the creation of green jobs,” says Catherine McKenna, Canada’s Minister of Environment and Climate Change.
“We are happy to receive this support from IFC and the development partners,” says Jose Maria Zabaleta, CEO of Bronzeoak Philippines, one of the shareholders for the project. “This funding will help utilize agricultural waste to generate reliable base load power, providing additional income to farmers, reducing fertilizer costs, and helping contribute to a healthful ecology.”
“ThomasLloyd is delighted that IFC has chosen to participate in these investments. With its use of local sugar cane waste, this project is an exciting development for all the stakeholders and especially for the local community,” says Tony Coveney, Executive Director of ThomasLloyd Group Ltd.
The three power plants are expected to qualify for the biomass feed-in-tariff of the Philippine Energy Regulatory Commission. The feed-in-tariff is available to energy producers with up to 250 megawatts of biomass generating capacity.