Oct. 24 (Bloomberg) -- Advanced Plasma Power Ltd., a U.K. waste-to-energy developer, is in talks to build a 200 million- pound ($323 million) power station in the Philippines that will use trash to generate electricity.
The company is speaking to the operator of a landfill site about building a 60-megawatt plant fed by commercial, industrial and household waste, said Chief Executive Officer Rolf Stein.
Clean-energy producers get premium payments for their output in the Philippines, where utilities are required to source a portion of their electricity from renewables. The nation is among several target countries for Advanced Plasma in Southeast Asia, where growing cities are straining available electricity supply and producing larger quantities of waste.
“The power costs are very high and power infrastructure isn’t great and there seems to be a good deal of growth and money in the region,” Stein said by telephone.
Advanced Plasma, based in London, is seeking to start the engineering and design phase of the power-plant project before the end of the year. Construction would begin in mid-2014 and be completed before the end of next year.
The developer expects the landfill-site operator to fund the plant, Stein said. If the project goes ahead and if Advanced Plasma continues to see high levels of interest in Southeast Asia, it may establish a unit in the region, he said.
--Editors: Amanda Jordan, Randall Hackley