Daguma Agro Minerals Inc. —the concession holder of the Department of Energy’s (DOE) coal mining project in Lake Sebu, South Cotabato—remains hopeful that its operations can still proceed despite the rejection by the local council in a controversial vote, considering the project’s importance. In a statement, the company said the decision of the Sangguniang Panlalawigan…
Tag: coal
DoE approves grid impact study for 13 projects
THE Department of Energy (DoE) has cleared 13 power developers to have their projects assessed for their impact on the electricity grid, the country’s power transmission backbone. If the projects move to full completion and commercial operation, they will add at least 2,000 megawatts (MW) to the country’s installed capacity. Of the projects cleared from…
DMCI Power to invest P1.2 billion in power projects this year
DMCI Power Corp. (DPC) is pouring in P1.2 billion this year to finance a number of power projects. DPC President Nestor D. Dadivas said the amount is meant to augment the power firm’s existing generation capacity and to implement its scheduled maintenance programs in the provinces of Masbate, Oriental Mindoro and Palawan. The company will partly…
AboitizPower adding 800 MW to balance generation portfolio
Aboitiz Power Corp. is completing over 800 megawatts (MW) of power projects this year – from renewable energy developments to coal-fired power plants – as it pursues to balance its energy portfolio by 2020. The company is set to complete five projects with a total capacity of 828.3 MW this year which underlines the company’s…
Solar now cheapest source of energy
Solar power is becoming the world’s cheapest form of new electricity generation, according to an international group of renewable energy and financial experts. A recent report from the Bloomberg New Energy Finance, a team of experts in cross-sectors and cross-geography trends spread across six continents, shows that solar now outranks wind as the cheapest form…
EDC encourages government to aid geothermal development
Lopez-led Energy Development Corp. (EDC) is encouraging government to support the development of more geothermal projects—a clean and steady-priced power supply source—as it says the country cannot just rely on coal-fired power plants. A staunch supporter of clean energy adoption, EDC said geothermal is not only a clean and renewable energy source but its cost…
Toyota Tsusho mulls higher stake in Sarangani Energy
Japan’s Toyota Tsusho Corp. is expected to make a decision in early 2017 whether to raise its stake in Sarangani Energy Corp. (SEC) of the Alcantara Group. The Japanese firm is scheduled to make its decision on its equity call in January 2017, Alsons Power Group corporate planning officer Antonio Miguel Alcantara said. “(They will…
DMCI allots P18.3 B for Semirara
Consunji-led DMCI Holdings Inc. is eyeing to infuse P18.3 billion worth of investments to put up a cement plant in Semirara Island in Antique, and other relevant facilities as it banks on the expected boost of the infrastructure industry in the Philippines. Victor Limlingan, managing director of DMCI Holdings, revealed the company’s plan to construct…
Palm Concepcion invests $280 M in Iloilo coal power plant
Palm Concepcion Power Corp. (PCPC) has invested $280 million to complete its 135-megawatt (MW) coal-fired power plant in Iloilo, which was recently inaugurated by President Duterte. The power project is expected to speed up economic activities in the Visayas region, Energy Secretary Alfonso Cusi said. Read more here.
Philippines urged to come up with energy mix soon
Coming up with an energy mix policy should be among the priorities of the Philippine government in order to shield consumers from price surges affecting specific power plant fuels like coal, Lopez-led First Gen Corp.’s top official said. The call was made as prices of coal, the dominant fuel for Philippine power plants, have turned…
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…
Global Business Power Corp. looks to build coal-fired plant in Negros island
Global Business Power Corp. (GBPC) is looking at Negros island as the next site to build a coal-fired power plant after its unit Panay Energy Development Corp. (PEDC) officially launched on Wednesday its 150-megawatt (MW) expansion here. “In Negros, there are talks there that they wanted to put up a power plant. We’re very much…
Winnergy Holdings Corp. 