Mindanao electric cooperatives say their views on WESM disregarded

Electric cooperatives in Mindanao are opposing the terms under the planned wholesale electricity spot market (WESM), claiming that their recommendations during the Department of Energy’s (DoE) consultations were not considered. In a news conference here Friday, the Association of Mindanao Rural Electric Cooperatives, Inc. (AMRECO) said one of their main proposals is establishing an “independent”…

Mindanao power producers urged to maximize energy mix

Mindanao electric cooperatives (ECs) and distribution utilities (DUs) are urged to take advantage of the excess power supply regime in the power grid as the Mindanao Development Authority (MinDA) pushes for reliable and affordable power supply in the region. MinDA said power distributors should maximize their energy mix and ensure affordable power for their consumers…

DOE pushes info drive for WESM Mindanao

The Department of Energy (DOE) is strengthening its information campaign in pushing for the Wholesale Electricity Spot Market (WESM) in Mindanao. The DOE has been conducting preparatory activities for the launch of WESM Mindanao, in coordination with the Philippine Electricity Market Corp. (PEMC) and the National Grid Corp. of the Philippines (NGCP). The agency has…

Electricity spot market regulations being tailored for Mindanao conditions — MinDA

Guidelines for an electricity spot market in Mindanao are now being drafted, with implementation targeted by June 2017, according to an official of the Mindanao Development Authority (MinDA). Romeo M. Montenegro, deputy executive director of MinDA, which is a member of the Mindanao Power Monitoring Committee, said the rules for the Philippine’s Wholesale Electricity Spot…

Mindanao needs additional energy projects

Mindanao needs power investments in three years time as demand will quickly take up the perceived oversupply in the region, according to an official of a major industry player. Investment appetite is expected to surge in the region given the ample amount of electricity available, Alsons Power group executive vice president and COO Tirso Santillan…

Meralco-REDC partnership starts P2.7-B hydro project

The team-up of Manila Electric Co. (Meralco) and Repower Energy Development Corp. (REDC) have started works on the P2.7-billion hydropower project in Bukidnon. The partners recently held a ground breaking ceremony for the 10.6-megawatt (MW) run-of-river hydropower project in the Pulanai River. Pure Meridian Hydropower Corp. (PMHC), the joint venture company, will oversee and operate…

Sun Life looks to invest in renewable-energy projects

HAVING earlier invested in a power-generation project in Mindanao, Sun Life of Canada (Philippines) Inc. (Sun Life) eyes more investments in the country’s infrastructure buildup program, but this time on the renewable-power sector. This was learned from Sun Life President and CEO Rizalina G. Mantaring, who said the insurer looks to make additional investments in the…

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…

AboitizPower sees oversupply in Mindanao

ABOITIZ Power Corp. has joined the chorus of generation companies that expect an oversupply of electricity in Mindanao starting this year and possibly extending into the next five years as new power plants come on-stream on the southern island. “The oversupply in Mindanao is actually serious, it’s huge. Mindanao has a peak requirement of about…

Filinvest power plant adds 405 MW to Mindanao grid

To boost power supply in the Mindanao grid, Gotianun-led FDC Utilities Inc. will start providing the full capacity of its 3×135-megawatt (MW) coal-fired power plant in Misamis Oriental within this month. FDC Utilities said its subsidiary FDC Misamis Power Corp. has completed all the three units of its Mindanao power project. Of the three units,…

ERC okays NGCP’s Mindanao 230-kV transmission project

THE Energy Regulatory Commission (ERC) has approved the application of the National Grid Corp. of the Philippines (NGCP) for the implementation of its Mindanao 230-kilovolt (kV) transmission backbone project. The project will enable transmission facilities traversing the northern to the southern corridors of Mindanao to accommodate the entry of new power plants and allow existing…