150-Megawatt Burgos Wind Farm Project (ADB-48325-001)

Countries
  • Philippines
Where the impacts of the investment may be experienced.
Specific Location
Burgos municipality
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 26, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of the Philippines
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 29, 2017

Disclosed by Bank Oct 16, 2014


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Project Description
The Project involves the construction and operation of a 150 MW wind farm project in the province of Ilocos Norte, in the municipality of Burgos. The wind farm will cover an area of approximately 686 hectares across 3 barangays (Saoit, Poblacion and Nagsurot). The Project is developed under the Renewable Energy Law and therefore entitled to priority connection to the transmission and distribution system, priority purchase and transmission of, and payment for, electricity sold through the Luzon grid. It may be eligible for a fixed tariff under the governments' Feed-in-Tariff (FIT) system. The Project will be built in 2 phases. The components of Phase 1 are (i) the installation of 29 wind turbine generators (WTGs) from Vestas with a generation capacity of 87 MW, (ii) the construction of a wind farm substation; and (iii) the construction of an approximately 42 km long transmission line while Phase 2 consist of the installation of an additional 21 WTGs from Vestas with a generation capacity of 63 MW. Construction for both phases have commenced.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Responsible ADB Officer Kanda, Masayuki Portfolio Management Division, PSOD No contact details provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main