Bago city: The proposed 150-megawatt wind power plant project by Thailand-based Sermsang Power Corp. is anticipated to significantly boost Bago City's economic growth. In a statement on Wednesday, Mayor Marina Javellana-Yao assured the project proponent of the full support of the city government, expressing her optimism about attracting more investors to Bago City during her first term in office. "The future really looks so bright for Bago. Let us make it easier for them (investors). Our City Investment and Incentive Code is underway. Investments will generate more jobs and boost economic opportunities for the Bagonhons," she stated.
According to Philippines News Agency, in a video interview posted on the Bago City website on Wednesday, Sermsang Power chief operating officer Passakorn Panyaratanakorn highlighted the investment opportunity in Bago. "We see the option that we can do some investments in Bago City. We see the potential of the wind farm, windmill to be installed here. This is going to be our very first project in the Philippines," Panyaratanakorn explained, emphasizing the need for local support and cooperation.
While the final site for the proposed wind power plant has not yet been disclosed, Sermsang Power Corp. aims to commence commercial operation by the end of 2026. "We are about to start. The real construction, after this, (will be) in the fourth quarter this year. We need around one-and-a-half years to complete everything. It will be 150 megawatts with 23 turbines," Panyaratanakorn stated.
In November last year, Sermsang Power Corp. chief financial officer Chayut Leehacharoenkul communicated to the Stock Exchange of Thailand regarding their acquisition of the assets of Bago Negros Energy Corp. The document, posted on the power firm's website, revealed an installed capacity of 150 MW with a total investment value amounting to USD 250 million. "The management department of the company has conducted feasibility studies and detailed examination of the project and thus, decided to invest in the project accordingly," it disclosed.
