MANILA, Philippines - Metro Pacific Investments Corp. (MPIC), the Manuel V. Pangilinan-led tollroad and infrastructure conglomerate, is planning to build another solid waste management facility outside Metro Manila on top of its proposal to put up one in Quezon City.
MPIC, together with Covanta Energy Llc and Macquarie Group Ltd., has been granted original proponent status (OPS) by the Quezon City government to design, construct, finance, and operate an integrated solid waste management facility.
An OPS gives the MPIC-led consortium the exclusive rights to enter into detailed negotiations with the local government.
The proposal, however, will still be subject to a Swiss Challenge, which will start in July.
Aside from the proposed facility in Quezon City, MPIC is also eyeing another one outside Metro Manila, said MPIC president and CEO Jose Ma. Lim.
“We are working on one other proposal for an LGU outside Metro Manila,” Lim said in a recent briefing.
According to its plan for the Quezon City facility, the ISWM plant would be capable of processing and converting up to 3,000 metric tons per day of Quezon City’s municipal solid waste into 42 MWe (megawatt electric) of renewable energy.
This would be enough to power between 60,000 and 90,000 homes in Quezon City, which has a population of 2.7 million.
The MPIC-led consortium would enter into a joint venture agreement with the QC government.
Lim said the construction of the facility would be timely given the growing economy in Quezon City, which has translated in higher volume of solid waste.
“The volume of solid waste as a result of economic growth and urbanization has become a challenge for local governments to ensure effective and sustainable management of waste. An integrated solid waste management facility is a sustainable approach to society’s use of resources to reduce the amount of waste that must be placed in landfills for disposal while being environmentally responsive,” Lim said.
MPIC said if and when the consortium wins the project, it would need approximately three to four years to develop and construct the facility which would be funded through a combination of debt and equity.