Dennis D. Estopace, Reporter. Copyright of BusinessMirror. Photo
courtesy of Nana Nadal, public relations and events management for
Mackay Holdings Inc.]
MACKAY Holdings Inc. said they plan to infuse US$50 million (P2.35
billion) initially to build two to three factories to manufacture its
"The margins are there and there's a huge demand for these types of
technology," chairman and founder James Ronaldson Mackay told
reporters on Tuesday.
Mackay said they plan to export their turbines, which can convert 300
tons of solid waste into 150 tons of fuel pellets, to China and the
He claims executives from the Middle East are coming in to sign a
US$44.4-million contract to purchase the technology.
Terry Brown, president and chief executive of subsidiary Mackay Green
Energy Inc., said they also signed three joint-venture contracts on
Tuesday. One of these contracts, for a 2-megawatt turbine, is worth
Brown explained they are initially considering the Subic Bay Freeport
Zone to build the plants.
He added that the average turbine, outfitted from a Rolls Royce jet
engine, with a 250-kilowatt per hour power, would be imported from
Australia. The 2-MW turbine would be shipped from the United States.
The first turbine's already arrived, according to Brown.
He added that the first turbine manufactured in the Philippines is
expected to be finished by early or mid-October this year.
"Between now and October, we're qualifying the contractors and
sub-contractors for the plants," Brown said.
He explained that a 250-kwh turbine, the smallest unit, can power
1,200 rural homes.
"It's portable and can be placed anywhere. However, we don't plan to
place it at the end of a 300-meter transmission line."
He added that a unit can be online after six months.
Mackay said that the equipment will be sold mainly to cooperatives or
local power distributors.
He added they already signed a 25-year joint venture contract with the
Baguio City government to install one machine.
Brown and Mackay said they're not worried of the supply of solid waste
that a 250-kwh unit will burn at 1,900 degrees centigrade.
Brown said they estimate that Metro Manila alone produces 10,000 tons
of solid waste a day.
"I'll be long gone before zero-waste happens," Mackay said.
Still, the turbine may need replacement after 15 years, he said.
Mackay estimates the global green energy market is valued at $48 billion.
Mackay Holdings is a privately-held company that has interests in the
properties, green energy, construction plant and equipment services,
and life sciences business.