Collaboration with ADB
The Ministry of Trade, Industry and Energy (MOTIE) and Korea Energy Agency (KEA) announced on March 7 that they recently had a ceremony for completion of decentralized new & renewable energy generator at the island of Cobrador in Romblon province, the Philippines, attended by 30 officials from the Asian Development Bank (ADB) and the Philippines-owned National Electrification Administration.
In cooperation with the MOTIE and the ADB, the project was designed to switch existing diesel generators in the island of Cobrador to new renewable energy hybrid systems, which is consisted of a 30-kilowatt solar photovoltaic system, a 175-kilowatt-hour energy storage system and a 15-kilowatt diesel generator, and it took six months to complete the construction.
Through the project, the system will allow to provide round-the-clock electricity to households on the island of Cobrador and reduce carbon dioxide emissions by 73 tons per year, while saving about 27,000 liters of diesel fuel.
The MOTIE expects that the project will help domestic new renewable energy companies build up their experience in technology applications and prove their business value in order to expand their businesses into the global market. It will also collect and analyze generation data and use them as information to expand their decentralized new & renewable energy generators on tropical islands.
In addition, the MOTIE plans to continuously push forward joint investment projects with international organizations, including the ADB, in a bid to spread similar projects.