By: Madel R. Sabater
19 June 2009 p.12
The United States Agency for International Development (USAID) has conferred the Clean Energy Financing Award on a Filipino independent power producer in recognition of its energy products in the country.
ASEA One Power Corp. (AOPC) won first place in the USAID-Private Finance Advisory Network (PFAN) Clean Energy Finance Award category. The AOPC is an independent power producer in several islands in the country , perticularyly in Palawan and Siquijor.
Winning second place was the Solutions Using Renewable Energy (SURE). It is also a Filipino-owned company with renewable energy (RE) projects in Southeast Asia.
The two bested for other finalists, namely: Clean Tech Energy Systems, Cleansave Waste Corporation, Solarco, and Longogan Holdings.
The six were chosen by PFAN as finalists during the Philippine Business Plan Competition.
All six projects had a total investment velue of more than US$500 million, comprising debt and equity financing.
The six were chosen for their potential to reduce greenhouse gas (GHG) emissions by more than 1.5 million metric tons (MT) of carbon dioxide per year, according to USAID.
“The fact that they are winners make the projects more recognizable, especially to investors,” USAID regional environmental advisor Orestes Anastasia said in a phone interview with Manila Bulletin.