Eastern Petroleum unit budgets P13B for three biomass facilities in Visayas, Mindanao

Business World Online – Caraga Renewable Energy Corp. is currently working on a 23.5-megawatt (MW) biomass power plant in Agusan del Norte that will serve as its maiden project.

But Eastern Petroleum Chief Executive Officer Fernando L. Martinez said the company is looking at two more biomass projects — one each in Visayas and Mindanao.