Italpinas represents PH in Asian Competition Finals
Primavera Residences Developer ITALPINAS represents PH in Asian Competition finals
Italpinas is the lone Philippine entry left in the finals of the CTI PFAN Asia Forum for Clean Energy Financing (AFCEF-3) Business Plan Competition scheduled on February 22, 2013 in Singapore.
“We are happy to inform you that we have qualified for the final investors’ presentation,” said Architect Romolo V. Nati, CEO of Italpinas Euroasian Design and Eco-Development Corporation (Italpinas), an Italian-Filipino joint venture which designed and developed Primavera Residences, the first eco-friendly building in Northern Mindanao. “Out of 18 semi-finalists, we are the only presenter from the Philippines.”
The CTI PFAN website says 10 specially selected clean and renewable energy projects from around Asia will present their business plans at the Forum. The projects were selected for their commercial viability and environmental benefits from over 40 project proposals and have all received intensive coaching on the preparation of their business plans and investor pitches from CTI PFAN professional advisers.
The projects were selected on the basis of their commercial viability, stage of maturity and interest for investors as well as their potential to produce clean energy sustainably and reduce greenhouse gas emissions, while achieving other environmental and developmental benefits.
The projects seek to raise an investment for deployment of a range of clean and renewable technologies including biomass, hydro, waste to energy, solar, clean transport, wind, biogas, and rural electrification.
Architect Nati said Italpinas first presented the new project last October 22, 2012, where it qualified as one of 18 semi-finalists selected by the organizers from 41 entries.
“As one of those qualified for the second stage, Italpinas received coaching from professional experts, who helped create a financially, socially and environmentally viable business plan during a Project Development and Financing Workshop held November 9, 2012 in Singapore,” he added.
Italpinas first venture, Primavera Residences in Cagayan de Oro, had previously been recognized by the South East Asia Property Awards as one of the Best Condo Developments in the Philippines in 2011.
A P250-million 10 storey twin-tower condominium designed by award-winning architect Romolo Valentino Nati, the Italian CEO of Italpinas, the Primavera Residences business plan was previously cited as one of the most promising clean energy investment opportunities in the Philippines during the 2nd annual Philippines Clean Energy Investor Forum held at the Edsa Shangri-la Hotel in Manila in 2011.
AFCEF-3 is sponsored by the Climate Technology Initiative (CTI) and its Private Financing Advisory Network (CTI PFAN), the United States Agency for International Development (USAID), the Energy for All Program of the Asian Development Bank (ADB), the International Center for Environmental Technology Transfer (ICETT).
The Financing Forum will be organized in cooperation with Dawn Consulting, CleanEnergy Solutions International (CSI), PPL International, the Sustainable Energy Association of Singapore (SEAS) and ReEx Capital Asia.
CTI PFAN is a multilateral, public-private partnership initiated by CTI in cooperation with the Expert Group on Technology Transfer (EGTT) of the UN Framework Convention on Climate Change (UNFCCC). CTI PFAN screens business plans, selects the most economically viable and environmentally beneficial projects, and provides multiple rounds of coaching and guidance before projects are presented to an audience of investors.