Pepsi-Cola Products Philippines, Inc. plans to build 11 renewable energy plants to provide power for its steam machines.
Redentor R. Gabinete, commercial director of Pepsi Philippines, said in an interview at the sidelines of the Clean Energy Expo Asia that the company would be putting up biomass plants with the help of renewable energy companies at its different plants nationwide.
“We’re working with different project proponents for clean energy plants in our plants. We already have a plant in Muntinlupa that powers our steam machine to clean bottles. It uses coconut hulls and we are planning to source more of our steam from those kinds of plants,” said Mr. Gabinete.
The plants will mostly be biomass plants and will be built in La Union, Pampanga, Naga, Cebu, Leyte, Bacolod, Iloilo, Cagayan de Oro, Zamboanga, and Davao.
These plants are expected to be built in three to five years. Once the plants are online, they can generate 11 megawatts (MW) to 15 MW of power.
Pepsi Philippines is looking for either build-operate-transfer or build-operate-supply agreements with renewable energy companies.
With these projects, Pepsi Philippines hopes to lower its power costs.
For the Muntinlupa plant alone, Pepsi Philippines can save four million liters of fuel with the use of biomass plants, Mr. Gabinete said.
Mr. Gabinete said the company’s main investment in the project would be the land where the plants would be built.
Renewable energy companies to be tapped under the partnership will get financing from banks through the World Bank’s International Finance Corp.
“Our investment is really in the land. But beyond that we could also help the community. For those areas where the biomass supplies like coconut hulls will be sourced, we can give Pepsi products in exchange for their coconut wastes to sell in their cooperatives,” said Mr. Gabinete.
With a guaranteed offtaker like Pepsi Philippines, renewable energy companies may find it easier to pitch their clean energy projects for financing, Mr. Gabinete said.
article by Emilia Narni J. David of Business World