Welcome to San Carlos BioPower

San Carlos BioPower is a greenfield, stand alone power plant with a generation capacity of 19.99MW supplying baseload power to the local grid. The plant will be located on the island of Negros in the Philippines, a prime agricultural area in the region. Feedstock for the plant will consist of sugarcane residues typically left in the fields after harvest and energy crops from dedicated plantations. These principal feedstock sources will be augmented by other, locally available agricultural residue biomass.

The facility will provide electricity to an area of short supply and increasing demand for power, and will provide an additional source of income to the local farming community. San Carlos BioPower is committed to providing sustainable power from renewable sources of energy and to maintaining the environmental integrity of the surrounding area upon its completion in 2019.

Proponent

The Bronzeoak Group through Negros Island Biomass Holdings Inc. is the main proponent of San Carlos BioPower.

Bronzeoak is a leader in the development, implementation and management of sugarcane-based energy projects in
the Philippines. In late 2008, Bronzeoak completed construction on the first integrated cane-based ethanol and power cogeneration plant in Asia. Since then, Bronzeoak has been working to expand on this experience by developing additional power capacity to help achieve the country’s goals of energy independence and sustainable development. Our group is at the forefront of the renewable energy industry and partnering with the ThomasLloyd further strengthens its development portfolio.

Community

San Carlos City is a tight knit community in the Visayan speaking North East corner of Negros Island in Central Philippines. Its local government, business and civic community, and citizens provide a strong basis of support for the development and construction of the project. Long dedicated to progressive thinking and new ideas, there is a public-private partnership focused on sustainable development through agribusiness growth and infrastructure. The area has a proud history of the highest yielding sugarcane farms in the country and has pioneered a variety of agricultural innovations to the national industry such as cultivation mechanization, drip irrigation and, more recently, cane to ethanol.

Energy Markets

The Philippines is rife with opportunity for the development of renewable energy projects due to steady growth in electricity demand, high electricity tariffs, and a growing awareness of climate change and a desire to boost its energy independence. Creating electricity from local agricultural resources is universally recognized as a way to add supply to the national electricity grid, increase reliability during peak use hours, defer or avoid the costly environmental effects of new fossil fuel generation facilities, create jobs in the agricultural sector, and reduce harmful greenhouse gas emisions. The project will also be eligible for tradable certified emission reduction credits under the Clean Development Mechanism of the Kyoto Protocol.

Regulatory Framework

The Renewable Energy Act of 2008 established the nation’s first Renewable Portfolio Standard (“RPS”) by which generators, distribution utilities and suppliers of electricity shall source or produce a specific portion of their electricity from eligible renewable energy resources. The RPS is mandatory and rules are in the process of being determined by the National Renewable Energy Board (“NREB”), a committee responsible for making recommendations to the Department of Energy regarding the regulatory implementation of several critical aspects of the RE Act. The NREB are also establishing the feed-in-tariffs that will provide a viable long-term market price for electricity generation from qualifying renewable energy resources in the Philippines.