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German companies plan 240 MW backed by state
1 October 2000
Two German wind energy companies are proposing development of a large project for the Philippines, known as PIN 2000. P&T Technology, a wind energy developer, financier and green electricity trader, has teamed up with turbine manufacturer Jacobs Energie. They were given an audience by Philippines' president Joseph Estrada in the government palace Malacayan to present their plans. These envisage installation of 320, 750 kW turbines at a cost of some DEM 500 million with construction starting in early 2001 and continuing for five years, says P&T's Jens Peters. Philippine and Korean partners would also be involved; the Korean partner is Interwind Korea. Estrada agreed to provide state guarantees for the project's foreign loans. On the instruction of the president, the island of Mindanao is to be given priority for the wind project, which will improve the electricity infrastructure and energy supply and create jobs in this "politically shaky region," P&T says. Jacobs Energie will supply the turbines and train local people in installation and maintenance, it states. P&T Technology, which is planning a flotation on the stock exchange in winter 2000, is based in Hamburg. Jacobs Energie has its headquarters in Husum.
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