Rio Tuba’s primary area of operations is in the Palawan province. It is proposed the project will commence with the installation of a demonstration 2MW/h biomass gasification power plant on the island of Palawan and with the cultivation of 400 acres of marginal land for the Clenergen’s proprietary bamboo plant as the energy crop to provide fuel (wood chips) for the power plant.
Under the proposal submitted, Rio Tuba will enter into a long term power purchase agreement for the supply of renewable electricity at a fixed rate per KW/h, subject to annual inflation adjustments.
Manny Zamora, president and CEO of Rio Tuba, said: “The opportunity of having a sustainable source of energy excites us in Rio Tuba due to immense environmental contributions the project can provide not only for our mining operations but also for the community as well.”
