MPIC CONSORTIUM HOPES TO START QC WASTE-TO-ENERGY PROJECT
A consortium led by listed firm Metro Pacific Investments Corp. (MPIC) is hoping to get the green light to begin its proposed P22-billion waste-to-energy facility in Quezon City within the first quarter of the year, a report by The Manila Times said.
MPIC President Jose Ma. Lim said Quezon City Mayor Herbert Bautista is waiting for the city council’s approval for the city mayor to sign the contract with the consortium composed of MPIC, Covanta Energy LLC, and Macquarie Capital Ltd.
Once awarded, final engineering tests on the site will be conducted before constructing the facility’s first phase which includes anaerobic treatment.
Lim said in an interview it would take up to 18 months to finish phase one, and 12 to 18 months for phase 2.
The joint venture is proposing to convert 3,000 metric tons (MT) of waste into 36 megawatts of electricity, which is double the city’s current electricity requirement.
The project, to be funded through a mix of debt and equity, is expected to service between 60,000 and 90,000 households.
It can be recalled that Quezon City government granted the original proponent status (OPS) to the consortium’s plan to build an integrated solid waste management facility which entails the reduction of green house gases and the generation of electricity.
The planned treatment plant would be the first public-private partnership venture for the city since the approval of the QC Public-Private Partnership Code in 2014.
A Swiss challenge was then launched to invite other proponents to counter their offer. However, the local government did not receive bids challenging the MPIC-led consortium’s proposal.