Construction of the P13-billion twin hydroelectric projects of Hedcor, Inc. is being delayed due to geological conditions and continuous rains, company officials said on Tuesday. Gregorio Jabonilla, Hedcor vice-president for business development, told reporters that the two run-of-river hydro projects have already been delayed for 110 days when their workers encountered problems at their work…
Tag: clean energy
Aboitiz keen on plant auctions
THE ABOITIZ power group is keen on participating in auctions for the remaining power generation assets that the government is planning to privatize within the next three years, its top official said on Wednesday. This comes as the Power Sector Assets and Liabilities Corp. (PSALM) announced that it was targeting to privatize next year the…
Government pushes solar power in buildings
The National Economic and Development Authority (NEDA) is in discussions with the Department of Energy (DOE) on the possibility of making it attractive for building owners in business districts to use solar power. Socioeconomic Planning Secretary Ernesto Pernia said increased use of solar power in business centers would help reduce the country’s power requirements. “Solar…
PetroSolar gets ERC OK for FIT eligibility
PetroSolar Corp. has clinched regulatory approval for a guaranteed payment for its 50-megawatt (MW) solar power plant, adding to a list of assured revenue streams for the company. The company said it was granted the certificate of compliance as a feed-in-tariff (COC-FIT) eligible power plant by the Energy Regulatory Commission (ERC) for its 50-MW solar…
AC Energy to double generation capacity by 2020
AC Energy Holdings Inc., the investment arm of the Ayala Group for the power sector, is eyeing to double its generating capacity by 2020 as it nears its 1,000-megawatt (MW) capacity target this year, according to its top official. The company is now setting a 2,000-MW goal in the next four years, a “next natural…
Aboitiz Power adds biomass to portfolio
Aboitiz Power Corp. has added biomass to its renewable energy portfolio after its holding unit fully acquired Aboitiz Equity Ventures Inc.’s liquid bio-methane business for P605 million. In separate disclosures yesterday, AEV and AboitizPower disclosed yesterday Aboitiz Renewables Inc. completed the acquisition of Aseagas Corp., the project company for the 8.8-megawatt (MW) biomass energy plant…
DOE: Coal-fired power plants still main source of base load energy
The Department of Energy (DOE) is open to the use of coal-fired power plants as the main sources of base load energy, a position that runs contrary to the pronouncements of the newly-appointed chief of the Department of Environment and Natural Resources (DENR). Still, Cusi pointed out that the country will push for renewable sources…
PSPA urges Cusi to probe FiT allocation process
THE PHILIPPINE Solar Power Alliance (PSPA) has called on new Energy Secretary Alfonso G. Cusi “to conduct a thorough inquiry” into the process used in issuing certificates of endorsement for the 17 solar power developers that made it to the second round of feed-in-tariff (FiT) allocation. In a statement, PSPA founder Ma. Theresa C. Capellan said…
Bronzeoak has P6 B renewable energy developments in Negros
Bronzeoak Philippines Inc. is working on roughly P6 billion worth of renewable energy projects in Negros Island. The company has two ongoing RE developments – the 20-megawatt (MW) in San Carlos City, Negros Occidental under San Carlos Biopower Inc. and a 9.9-MW wind farm in Bais City, Negros Oriental. The project cost for the biomass plant amounts…
Japanese firms bullish on PHL solar panel market
Japanese firms offering renewable energy systems see the Philippines as a good market given a steadily growing demand for power, although the high amount of investments needed remains a barrier to entry. “The Philippines is a very good market for PVs [photovoltaic panels] because you have many demand for power, you need much more electricity because…
ERC: Solar projects certified as eligible for FIT up for review
THE Energy Regulatory Commission (ERC) will look into the process used by the Department of Energy (DoE) in arriving at the list of solar projects that it certified as eligible to receive a guaranteed rate of P8.69 for each kilowatt-hour it feeds into the national electricity grid. “It’s an issue that needs to be resolved…
IslaSol questions DOE selection process for 2nd-round FIT
ERC Chairman Jose Vicente B. Salazar said the commission received a letter from Negros Island Solar Power Inc. (IslaSol) (a joint venture between Bronzeoak, the Macquarie-managed Philippine Investment Alliance for Infrastructure (PINAI) Fund, and Dutch pension-fund manager APG) whose power project failed to make it to the second round of feed-in tariff (FiT) scheme, formally expressing IslaSol’s…
Winnergy Holdings Corp. 