State-owned National Power Corp. said Tuesday it signed a memorandum of understanding with APTI Renewable Energy Corp. to promote and identify priorities for biofuel and bio-mass hybrid power projects in the Small Power Utilities Group areas.
APTI REC is a subsidiary of Asian Pyrochem Technologies Inc., an authorized export and import channel of Indonesia and the Philippines under a government-to-government energy program through PT PP Persero TBK and state-owned Philippine National Oil Co.
NPC president and chief executive Fernando Martin Roxas said the MOU, signed on Monday, is part of the corporation’s sustainability agenda and gradually minimizes dependence on fossil fuels.
“The MOU will allow us to access APTI REC’s technology on the use of biofuel or palm oil as an alternative fuel. Together, we shall also collaborate to build a prototype bioenergy renewable energy power plant that uses palm oil and develop an integrated logistical and technical system for the production of biofuel and biomass,” Roxas said.
APTI REC president and chief executive Harley Luis Leaño expressed his enthusiasm for the partnership. “We are happy to share our knowledge and experiences and to have found an ally in championing renewable energy in Napocor. This partnership will not only pursue energy development but will also help alleviate poverty in the countryside,” said Leaño.
