Power plant capacity rises 13% to over 21,000 MW

PHILIPPINE power plants ended 2016 with a total installed capacity of 21,423 megawatts (MW), up 13%, though dependability statistics showed only slight improvement. The Department of Energy (DoE) said dependable capacity as of last year reached 19,097 MW, or 89% of the total installed capacity, and slightly better than the previous year’s 88%. However, this…

Forecast for power demand raised to 30,189 MW

THE DEPARTMENT of Energy (DoE) expects the country’s demand for electricity in 2030 to reach 30,189 megawatts (MW), or nearly 70% more than the current dependable capacity being supplied by the country’s existing power plants. “From here on until 2030, we will be needing something like 30,000 megawatts,” Energy Secretary Alfonso G. Cusi told reporters…

PSALM: Remaining capacity allotted to Mindanao

The state-run Power Sector Assets and Liabilities Management (PSALM) Corp. has allotted the capacity of its remaining power plants to customers in Mindanao.  “We will continue to service our customers while in the process of completing the privatization program. In fact, the entire dependable capacity of PSALM’s remaining plants in Mindanao is allocated to them,”…

UK genco to install 150MW in 3 years

UK-based Aggreko plc is eyeing to install 150 megawatts (MW) in the country in three years, making the Philippines one of its fastest growing markets in Asia.  Read more here.