Power generation, biggest investment in Mindanao
By Mai Gevera
Davao City (18 February) -- Getting 42 percent in the total investments made in Mindanao, the power generation sector gets the biggest share with a total investment value of more than P5 billion.
This data is taken from the Bureau of Investments, and processed by the Mindanao Economic Development Authority (MEDCO).
An addition to the growing power investment is an integrated plant that will produce bioethanol and electricity from sugar cane in Barangay Lubuagon, Kibawe, Bukidnon.
The said investment is a combined project of the South Bukidnon Bioenergy and the Philippine Sinter Corporation's power generation projects.
The investment comes with a sugar cane mill and distillery for ethanol, a co-generation power plant, a carbon dioxide recovery plant and an effluent treatment plant.
BOI data also showed that the 10-megawatt co-generation plant will be run on bagasse, a by-product of sugar cane. The excess electricity generated will then be sold to the local power distributor.
Also, the carbon dioxide that comes as a byproduct of ethanol fermentation will be sold to beverage and refrigeration companies.
The said investment is said to be a big boost to Mindanao's economy as the plant is expected to be in operation by 2010.
The Philippine Sinter Corporation has also invested in a 117 mega-watt co-generation power plant in PHIVIDEC Industrial Estate in Villanueva, Misamis Oriental.
Aside from power generation, other top performing investment areas are hog-raising ad mineral extraction. (PIA XI) [top]