Green expansion: a SURE bet
Using a combination of debt and equity, including funds from Asian Development and the World Bank, the top priority on SURE’s list of projects is its 30MW plant.
‘Right now we are looking at putting up 30MW of generating capacity using biomass and biogas technologies in the next two years,’ a spokesperson says. ‘Our thrust is to have the most diversified renewable energy portfolio over the long-term.’
SURE is also developing biogas plants in the Philippine provinces of San Pedro, Nueva Ecija, Sumilao and Batangas. With a combined generating capacity of 1.5MW the four projects are expected to cost in the region of $3 million.
According to Guia SURE recently broke ground on its 1.2MW biomass power plant in La Union for Pepsi Cola Products Philippines. When completed in January 2011 the power plant will make Pepsi Cola the first soft drink bottling plant in the Philippines to have a green cogeneration power facility. The company is also making progress in Vietnam with a 1.2MW waste-to-energy plant for meat manufacturer Hormel Foods Corp. and San Miguel Corp.’s joint venture San Miguel Pure.
And SURE Eco, a joint venture between SURE and MG Leasing, has recently installed a 400KW biogas generator at Silangan Farm. Known as the Lipa project it will generate electricity from manure collected at the farm.