Koreans introduce solid waste-to-energy in Iloilo-A A +A
Friday, September 27, 2013
A GROUP of Korean investors had introduced a new technology that will convert solid wastes into energy powering six megawatts at the Calajunan dumpsite in Iloilo.
Every day, the city generates some 170 metric tons (MT) of garbage collected from six public markets, housing subdivisions, downtown business areas, shopping malls, and streets.
Tiger Moon, a Korean businessman residing in the city, brought the Koreans with their Korean Dream Eng business proposal aimed to support local residents who live with recycling goods from the current landfill to assist their children’s education.
The proposal, which is set to be discussed by the Iloilo City Solid Waste Management Council, includes a build, operate and transfer (BOT) plan to the city government after completion of 20 years of operation.
Ownership of the structure is from ten to 15 percent for the city while 85 to 90 percent for the Korean investors.
All the rights of the clean development mechanism (CDM) business will be transferred to the city government.
Iloilo City, under the plan, will support the project by providing the investors with a one hectare area at the landfill for free.
With the power produced, the city is expected to ensure a minimum sale price of US$0.17 (P7.37) per kilowatt-hour of electricity to Panay Electric Company.
The Korean investors also asked for a seven-year tax exemption and an import tax exemption for the plant equipment required for the project.
The proposal will still be evaluated by Mayor Jed Patrick Mabilog, chairman of the city Solid Waste Management Council. Mabilog is currently in an official travel abroad.