Stock News 2011: Pepsi-Cola set to build 2 biomass facilities

A three-way goal intersecting on electricity cost reduction, addressing power supply quality, and abating climate change risks has prompted Pepsi-Cola Products Philippines Inc. to construct its own biomass facilities, two of which are targeted for commissioning simultaneously around May or June this year.

The first two projects, according to PCPPI Commercial Director Gabby Gabinete, which will service the electricity needs of the soda company are sited in Rosario, La Union in Luzon and Cagayan de Oro in Mindanao.

“The project is expected to significantly reduce the company’s energy costs, address the power shortage in the country and increasing cost of fuel, and at the same time, promote a carbon emission-free business environment,” the company has noted further in a statement.

The La Union facility, he said, would be able to yield 1.0-megawatt capacity for the company’s use and it commands an investment of $1.4 million.

http://www.mb.com.ph/node/298389/pep