Greenworld Wind Supreme Power Co. Ltd.
Greenworld Wind Power Announces Bulalacao Wind Farm Project Receives Green Light From Local Government
Greenworld Wind Power Co.Ltd. / Key word(s): Miscellaneous Greenworld Wind Power Announces Bulalacao Wind Farm Project Receives Green Light From Local Government Toronto, Canada – (For immediate release) – March 30, 2012 Greenworld Wind Power Co. Ltd. (Greenworld): Deutsche Börse symbol: GWDA (www.greenworldpower.ca), advised today that PhilCarbon Inc., in which it has a 40% stake, has received endorsement from the Municipality of Bulalacao in Oriental Mindoro for its proposed wind farm project. Philcarbon has created a wholly owned subsidiary, Bulalacao Wind Power Corporation, to construct, operate and maintain the facility. The 30MW wind farm has previously obtained a service contract from the Philippine Department of Energy. The project facilities are to be constructed in 5 of the 15 Barangays that comprise Bulalacao; Balatasan; San Juan; Poblacion; Campaasan; and Maujao. (A barangay is the smallest administrative division in the Philippines and is the native Filipino term for a village, district or ward.) All five of these Barangays have also provided local endorsement for the project. Currently, the Oriental Mindoro Electric Cooperative (ORMECO) supplies power to the Municipality of Bulalacao which in turn draws its supply from the National Power Corporation (NPC) through the transmission facilities of the National Grid Corporation of the Philippines (NGCP). The project will sell power to OREMCO, and feed into the regional electrical grid. From there, the power generated by the wind farm can help meet the electrical demands of the entire Mindoro Province. Governments at the federal, provincial and municipal level have all embraced the need to develop renewable energy sources in order to meet the growing demand for electricity throughout the Philippines.
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