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PNOC, foreign firm tie up for wind power deal

Friday, June 19, 2009 [ ]

State-owned Philippine National Oil Co. (PNOC) has signed an agreement with a Japanese consortium for the development of wind power projects in the country.

Under the deal, the consortium—composed of Mecaro Rio Vista Energy Corp. (MOREnergy), Mecaro Co. Ltd., Philippine Nippon Steel Construction (PNS Construction) and ESCA Engineering—will make their expertise in the development of wind energy projects in areas identified by PNOC available.

The group will also help PNOC obtain technical assistance and technology transfer as well as develop practical applications of wind power in rural areas and areas not adequately served by electric utilities.

PNOC, on the other hand, will share with the MOREnergy consortium available technical, financial and environmental studies and information, relative to the country’s wind energy program.

Mecaro is a leading Japanese company in the field of renewable energy, specifically compact wind turbines. PNS Construction is an established steel supplier while ESCA is a respected engineering company specializing in structural and civil works design and project management.

-- Euan Paulo C. AƱonuevo


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