Mindanao now enjoys power supply surplus

Mindanao is now enjoying electricity supply surplus and is working to sustain the development of power resources with renewable energy (RE) beyond 2020, a ranking official said.

The energy surplus is on account of the entry of baseload plants, particularly coal fired facilities that have come online starting this year and will continue in 2017 and 2018, Mindanao Development Authority (MinDA) deputy executive director Romeo Montenegro said in an interview with The STAR.

By then, the region will have a 70-30 energy mix in favor of fossil-fueled power plants.

Now, MinDA is working to accelerate the deployment of RE projects to meet its 50-50 energy mix target by 2030.

Among these projects are the 250-megawatt (MW) Agus 3 hydropower plant and the 300-MW Pulangi 5 hydropower plant.

 Agus 3 was already auctioned and is now preparing for financial closing, while Pulangi 5 was among the contracts signed in China during the recent visit of President Duterte.
Read more here.
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