MANILA -- The Asian Development Bank (ADB) and the Japanese government said they will shell out US$630,000 to fund feasibility studies of possible wind power facilities in three areas in Luzon.
The bank said the move was made to help the Philippines reduce its dependence on coal and oil-fired power, and neutralize greenhouse emissions.
“Energy plays a vital role in economic growth and poverty reduction and ADB is playing a prominent role in helping countries like the Philippines,” said Joe Yamagata, deputy director general of ADB’s private sector operations department.
The Freedom from Debt Coalition (FDC) said that the country’s energy production is heavily dependent on coal, diesel and natural gas which comprise 64.7 percent of the power generation mix.
Combined renewable sources such as hydro, geothermal, wind and solar power is only 35.3 percent of the mix, or a 29.4 percent difference.
Under the technical assistance grant from the Asian Clean Energy Fund, the preparatory work will include wind assessments, annual energy production estimates, assessment of environmental impacts and social acceptability, assessment of wind energy related issues, and an evaluation of transmission connection issues.
In 2008, the government approved a new energy roadmap in which it set a target of doubling the installed generating capacity from renewable energy to 5,300 megawatts by 2030. (Virgil Lopez/Sunnex)