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…

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…