Thailand's EGCO targets 48MW Philippine wind project

Thai firm EGCO, through its subsidiary Quezon Power, is eyeing an equity take in the proposed P6-billion 48-MW wind power project in Oriental Mindoro, Philippines.

It is currently negotiating with Philippine Hybrid Energy Systems (PHESI), the original proponent and service contract holder of the P6.0-billion wind power project, which was designed to be developed in phases.

Quezon Power managing director Frank Thiel has disclosed that negotiations with PHESI are ongoing, but the percentage on equity acquisition has yet to be firmed up.

The Mindoro wind project recently broke ground and when completed in 2015, will be the biggest of that technology type by then.

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