As per Trans-Asia President and Chief Executive Officer Francisco L Viray, it may take at least three months to finish the planned feasibility studies, after which they plan to apply for a service contract for the project by end-2009.
As soon as the Energy Regulatory Commission approved the feed-in tariff mechanism for renewable energy, the company will begin to operate the wind farm at its complete capacity.
“We want to wait for the rules on feed-in tariff because we don’t want to risk the regulatory aspect of the wind project,” Viray explained.
