Victorias Milling Company, Inc. Set to Build Cogeneration Biomass Power Plant in Negros Occidental
January 25, 2017 at 02:28 pm
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Victorias Milling Co. Inc. announced that it is keen on completing a PHP 2-billion, 40-megawatt (MW) cogeneration biomass power plant by September this year. The plant is currently being constructed within the VMC's headquarters here and expected to run mainly on bagasse, a byproduct of sugarcane after being processed to extract sugar. The company will be able to export to the grid about 25 MW while the remaining 15 MW will be for own use. The company can construct Phase 2 [of the biomass plant]. Same capacity, but the power exported [to the grid] will be just 20 MW. Part of the power from Phase 2 will electrify the turbines to convert them to use electric power so that steam from the sugar mill will be concentrated on the power plant to maximize power generation will use to run the mill. Concepcion added that they already signed an agreement with Wuxi Huaguang Electric Power Engineering to become the supplier of the boiler for their biomass project. He added that the upgrade will likely cost around PHP 50 million to PHP 80 million. Bulk of investment will be spent on the installation of a dehydrator to enable the conversion of potable alcohol to bioethanol.
Victorias Milling Company, Inc. is a Philippines-based integrated raw and refined sugar company. The Company operates mill and refinery facilities for sugar and allied products, as well as engineering services. The Company's segments include Sugar Milling, Distillery Operations, Power Generation and Others. Its Sugar Milling segment is engaged in the sale of raw sugar and molasses. Its Distillery Operations segment produces alcohol and ethanol with an actual daily capacity of 50,000 liters with molasses as the primary raw material. Molasses is sourced from sugar operations which produce it as a by-product. The Power Generation segment is engaged in the business of power generation derived from renewable energy resources for the wholesale of electricity to power companies, distribution utilities, electric cooperatives, retail electricity suppliers, aggregators and other customers. The Others segment includes food processing, real estate sales, leasing and entertainment.