President Gloria Macapagal-Arroyo will inaugurate and lead the commissioning of the first Landfill Gas-to-Energy Project in the country.
Located at visit Rodriguez (formerly Montalban), in Rizal, the methane power plant will capture the landfill gas particularly methane from Montalban Sanitary Landfill to produce electricity for the town.
This US$ 33 million (P1.65 billion) project is a Build-Own-Operate Project of the Montalban Methane Power Corporation (MMPC).
Based on today’s oil price of about US$130 per barrel, the country will have a foreign exchange savings of US$94 million over the 10-year project life.
It is also expected to benefit the environment as the Flaring component of the Project breaks down methane gas, which is a green house gas (GHG) 21 times more potent than carbon dioxide.
This methane gas facility of Montalban Methane Power Corporation (MMPC) follows the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC) initiative and provides carbon credits for developed countries under category of projects that reduce emissions in developing economies under the Clean Development Mechanism. (PIA/Bohol)
