ADB to fund study on wind power project in Ilocos Norte
The Asian Development Bank (ADB) will fund the feasibility study for a proposed 120-megawatt (MW) Pasuquin East wind power project in Ilocos Norte to be undertaken by Filipino firm Energy Logics.
The ADB, one of the country’s largest multilateral creditors, said this forms part of their technical assistance package provided to the private sector.
Specifically, ADB will provide $200,000 to fund the development of the basic concept for the layout of wind farm based on installed capacity, construction phases, site boundaries and other parameters.
The bank’s technical assistance will also involve the detailed design of the wind monitoring program, specify, procure and commission wind station monitoring equipment; monitor, collect, and analyze wind data, ensuring quality control of the reference station and calculate standard wind year at the monitoring site.
According to the ADB, it will also enable Energy Logics to select and specify wind turbine generator sets based on capacity, cost per kilowatt installed, operations and maintenance costs.
The study will also cover the calculation of standard wind farm energy production, optimize wind farm grid based on technical data analysis; calculation wind farm construction and development costs, analyze technical risks, sensitivity analysis; and conduct preliminary environmental and social impact assessments, including public consultations with affected persons.
“The harnessing and utilization of renewable energy comprises a critical component of the government’s strategy to provide energy supply for the country,” the ADB said.
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