Page 14 - AsiaElec Week 13

AsiaElec
NEWS IN BRIEF
AsiaElec
the project will be successfully installed and operating on schedule with Vestas’ team of experienced experts. Moreover, it will create a premise for cooperation between Sigma and Vestas in the upcoming phase 2 of the Ben Tre V1-3 wind farm and many other wind energy projects in the near future in Vietnam.”
Turbine delivery is scheduled in the first quarter of 2021 and installation is expected to commence from second quarter of 2021.
Vestas booked 200MW of wind orders in Vietnam in 2019.
VESTAS
Triconti ECC gains approval
for 1.2GW of offshore wind
in the Philippines
The Philippines is to develop 1.2GW of offshore wind capacity at Aparri Bay in the north of the country and Guimaras Strait in central Philippines.
Triconti ECC, which combines Swiss, German and local investors said that the Philippines Department of Energy had given it “exclusive rights to study and develop,” the two projects.
Both of the two project represent 600MW of offshore capacity.
“Guimaras Strait and Aparri Bay showcase excellent, consistent wind speeds and are very accessible from the foreshore in terms
of grid connectivity and maintenance,” said a statement.
The joint venture is already advancing 500MW of onshore wind projects and 1.2GW of offshore projects. It plans to bring the first of those online by 2022.
The Philippines – which has a population of more than 100mn, and currently leans heavily on fossil fuels for its energy supplies
– was last year named by the World Bank as one of a group of emerging economies where offshore wind energy could be crucial to helping meet rapidly growing power demand.
If the projects do advance, it would join a fast-growing Asian and Asia-Pacific offshore wind energy market that already includes China, Taiwan, Japan, South Korea, Australia and India.
The Triconti ECC Renewables Corporation (Triconti) is a Swiss-German-Filipino Joint Venture, dedicated to providing clean power and energy resiliency to the Philippines.
Triconti first wind farm in the country, the 75MW Aklan 1 project, is ecpected to come online in 2020.
RENEWABLES
World Bank supports
clean and green power in
Pakistan
The World Bank has approved of $700mn additional financing to help Pakistan generate low-cost, renewable energy to provide affordable electricity supply to million of users.
This support for one of country’s longer- term development priorities comes as the World Bank is also working with the federal and provincial governments to prepare and respond to the immediate challenge of the COVID-19 outbreak.
The Additional Financing for Dasu Hydropower Stage I Project will finance the transmission line to complete the first phase of the Dasu hydropower plant that will install 2,160MW capacity along the main Indus River. Plans for Stage II expansion will double the installed capacity to 4,320MW, making Dasu the largest hydropower plant in the country.
“Pakistan’s energy sector is aiming to move away from high-cost and inefficient fossil fuels towards low-cost, renewable energy to power the national grid,” said Illango Patchamuthu, World Bank Country Director for Pakistan.
“Along with reforms in the tariff structure, the Dasu Hydropower Project will result
in fewer imports of fossil fuels, alleviating the stress on the country’s current account balance.”
The project will help to lower the overall cost of energy generation in Pakistan, benefiting millions of energy users by making electricity more affordable for households and productive sectors, such as manufacturing and agriculture.
The Dasu hydropower plant will provide most of its electricity during the summer months to reduce blackouts when demand is the highest. The project also contributes
to the socioeconomic development of the communities in Dasu and surrounding areas of the Upper Kohistan District of Khyber Pakhtunkhwa Province.
“The Dasu hydropower plant has a low environmental footprint and is considered
to be one of the best hydropower projects
in the world,” said Rikard Liden, Task Team Leader for the project. “It will contribute to reducing Pakistan’s reliance on fossil-fuels and producing clean renewable energy.”
Dasu hydropower station will produce electricity at $0.03/kWh compared to Pakistan’s current average cost of electricity generation of $0.08/kWh. This investment in the energy sector is an important step
in Pakistan’s path towards becoming an upper middle-income country by 2047, as articulated in Pakistan@100: Shaping the Future.
WORLD BANK
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Week 13 01•April•2020