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DBP grants P185M loan for garbage-powered DAD biogas plant

Shown during the signing ceremony are (seated, left to right): FDR Group treasurer Lilibeth Revalde; FDR Group president Fulgencio Revalde; DBP vice president Fernando Lagahit; and DBP senior manager Ryan Pastrana. Standing at back are (from left to right): FDR Group accounting head Mengie Gillera; Atty. Ma. Vita Nunag of DBP; Rowell Peñaflor of Alternative Fuel Cemex Philippines; Val Salamanca of Cemex Cebu; DENR-EMB 7 director William Cuñado; Ruth Alensonorin of the City Solid Waste Management Board – City of Naga; and DBP Cebu branch head Lorna Gallego.

The Development Bank of the Philippines (DBP) has granted a P185-million credit facility to FDR Group of Companies to build and operate a first-of-its kind Dry Anaerobic Digester (DAD) Biogas Plant in the country.

The plant will produce electricity using the biodegradable fraction of the mixed municipal solid waste that FDR Group collects and treats from its local government service areas.

As part of its commitment to support projects with both high social and environmental impacts, DBP will finance installation of the biogas plant, composting building and other major facility upgrades.

The DAD Biogas Plant is a registered project under the Department of Energy Renewable Energy Program that will help complete the organic waste cycle while harnessing renewable energy.  The plant is in technical partnership with IUT GmbH, a company based in Austria with more than thirty years of experience in waste management. The plant will be commissioned in 2016.

DBP had previously partnered with FDR Group for its previous installations in material recovery and alternative fuel production which are part of its existing waste processing facility in the City of Naga, South of Cebu.