Wind power in Subic
A wind power project of Chinese investors and Ayala Land’s shopping mall are among the fifty-six new ventures with a combined investment commitment of $185.8 million that will locate within the Subic Bay Free Port.
China’s Sunnew-Subic Investments Ltd has earmarked $75 million for 25 wind turbines that it will build in Mt. Sta. Rita and Redondo Peninsula, according to Subic Bay Administrator Armand Arreza.
The project is designed to produce 50 megawatts of power starting in 2012, and will initially employ 103 workers. spend $36.42 million to spend for the Subic Bay Town Center, said Stef Sano, senior deputy administrator for business at the Subic Bay.
The Town Center will create 4,320 jobs, making it the single biggest employer at the free port, Sano said.
The other major projects at Subic for the first half are Alubat Aviation Composites Phils., a German-United Kingdom joint venture in aircraft repair and maintenance, and Vapco International Corp., a joint Jordanian-Filipino venture, which has pledged $15 million each.
Rounding up the top 10 largest projects are: Sands of Triboa Resorts, a Filipino firm with commitment of $14.37 million; Fertuna Holdings Corp., Filipino, $5.35 million; Holy Land Subic Foundation, Inc., Filipino, with $5.33 million; San Bernardo Shores Beach, Filipino, $2.21 million; Advance Subic Screw Inc., Taiwanese, $1.5 million; CW-Subic Bay Dev’t, Inc., Filipino, $1.49 million; and Chinmei Metal Mfg. Inc., Filipino, with $1.45 million.
The 56 projects have pledged to create 6,725 more jobs at the free port, Arreza said.
“Considering that we’re still at the tail end of the global recession, it’s quite remarkable that Subic would be hitting more than $30 million per month in terms of new investments,” Arreza said in a statement. Cecille Garcia
Labels: Armand C. Arreza, renewable energy, Subic Bay, wind farm
posted by OlongapoCity Zambales at
9:22 PM
2 Comments:
gud AM.....OK YANG PLANO NA YAN...MAY TANUNG LANG SANA AKO...MAY MGA PUNO NA NAMAN BA NA COLLATERAL DAMAGE KUMBAGA SA PROJECT NA YAN?MEDYO MASYADO NA KASING DEHADO LANG ANG KALIKASAN PAG MAY MGA PROYEKTONG BAGO NA GAGAWIN.....
By
Anonymous, at 7/10/2010 10:43 AM
maganda iyang mga plano ninyo sana mga mangyari pero planuhin ninyo ng maayos na hindi makakasira ng kalikasn sa olongapo o sa kagubatan ng subik kasi ugali na natin mga pilipino na bastat may kita bahala na kahit pa masira ang paligid ma pollute ang tubig,dapat alisin ang mga barko na naka angkorahe sa dagat ng olongapo zambales nagtatapon ng langis yang mga iyan,dapat mabantayan para din sa kinabukasan ng mga bata!
By
Anonymous, at 7/10/2010 4:11 PM
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