Phase I of the project erected 15 wind turbines spaced 236 meters apart on-shore. This was inaugurated on June 18, 2005 and attended by Former First Lady Imelda Marcos, then Governor Bongbong Marcos, Former DOE Secretary Vincent Perez, Undersecretary Peter Abaya and Dr. Robert Yap, Jesuit priest and Project Director of CD4CDM project of klima, who also conducted the invocation and blessing of the wind turbines.
Ratified by the NorthWind Power Development Corp and the International Bank for Reconstruction and Development through the World Bank Prototype Carbon Fund, the Northwind Bangui Bay Project was the first project in the Philippines to have the Emissions Reduction Purchase Agreement (ERPA) under the Clean Development Mechanism. The Bangui Bay Project is also the first Philippine recipient of the Carbon Emission Reduction Certificates (CER’s) from the Executive Board of the United Nations Framework Convention on Climate Change.
In 2006, the project produced a 5% discount of the weighted average price in the wholesale electricity spot market (WESM) or a generated savings of approximately USD1.4 million (PhP 70 million) for the INEC electricity consumers. The project cost for Phase I amounted to USD$23 million.
Phase I of the project erected 15 wind turbines spaced 236 meters apart on-shore. This was inaugurated on June 18, 2005 and attended by Former First Lady Imelda Marcos, then Governor Bongbong Marcos, Former DOE Secretary Vincent Perez, Undersecretary Peter Abaya and Dr. Robert Yap, Jesuit priest and Project Director of CD4CDM project of klima, who also conducted the invocation and blessing of the wind turbines.Ratified by the NorthWind Power Development Corp and the International Bank for Reconstruction and Development through the World Bank Prototype Carbon Fund, the Northwind Bangui Bay Project was the first project in the Philippines to have the Emissions Reduction Purchase Agreement (ERPA) under the Clean Development Mechanism. The Bangui Bay Project is also the first Philippine recipient of the Carbon Emission Reduction Certificates (CER’s) from the Executive Board of the United Nations Framework Convention on Climate Change.In 2006, the project produced a 5% discount of the weighted average price in the wholesale electricity spot market (WESM) or a generated savings of approximately USD1.4 million (PhP 70 million) for the INEC electricity consumers. The project cost for Phase I amounted to USD$23 million.
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