State-run Philippine National Oil Co. (PNOC) is rebidding the study and design for the transformation of the energy supply base in Mabini, Batangas to an offshore wind integration port (OSWIP).
PNOC is contracting a third party to conduct preparatory study and conceptual design of the OSWIP to serve as an initial investor study to outline the project’s opportunities and financial parameters, providing a comprehensive overview for prospective stakeholder.
PNOC said in its bidding documents interest consultants should submit their applications to the Bids and Awars Committee Secretariat on or before Sept. 10, 2024 (10 a.m.) at PNOC Bldg. 6, Energy Center, Rizal Drive, Bonifacio Global City, Taguig City.
PNOC said the consultant would conduct a detailed review of the local offshore wind market and project pipeline and identify the potential market share this facility could capture within its geographic reach.
This includes identifying potential port competitors and assessing the facility’s competitive position relative to these competitors. The resulting market capture analysis will be translated into a port activity forecast, serving as an input for the Business Model Assessment.
“Applications for eligibility will be evaluated based on a non-discretionary “pass/fail” criterion,” it said.
“Conducting a detailed investor study and developing a robust business model will attract investors by providing a clear understanding of financial parameters, market potential, and project viability,” the company said.
Established in 1977, the ESB has traditionally supported offshore and onshore exploration activities.
The facility features four piers with depths ranging from 4 to 12 meters, an open storage area of 3.0 hectares, a 4.3- hectare area leased to Petron Corp.., a 4.4-hectare hilly area, and 7.5 hectares of other operational areas.
PNOC said the ESB transformation aims to support the growing offshore wind industry and position the facility as a key player in the renewable energy sector.
