The PHP2.52bn ($56.3m) plant will mark the entry of the firm into the power generation market.
Power generated at the facility will be partly used for URC’s sugar milling operations in the region, and the remaining will be sold to the grid under the feed-in tariff (FIT) scheme, BusinessWorld Online reported.
The facility will use bagasse, a by-product of the company’s Kabankalan sugar mill, as fuel to produce power.
Separately, the company is developing a $35m ethanol distillery plant, which will use blackstrap molasses, another by-product of sugar. This facility will have an annual production capacity of approximately 30 million liters of ethanol fuel.
The two facilities are a part of the company’s efforts to help the government in reducing its reliance on imported crude.
