Quantcast
Latest Stories

DoE scouting for investors in new power plants for Luzon

By

MANILA, Philippines—The Department of Energy (DoE) is seeking investors that can build power generation facilities that can produce as much as 1,500 megawatts by 2017 to further secure Luzon’s power supply by that time.

At the sidelines of the Financial Executives Institute of the Philippines (Finex) meeting on Wednesday, Energy Secretary Jose Rene D. Almendras said the current committed power projects at the moment could only secure adequate baseload power supply up to 2016.

“The ideal situation is to have another 1,500 MW by 2017 to address the increase in demand on that year. We have to talk about these things as early as now, that’s why we’re encouraging companies to look at 2017 power generation, greenfield or expansions,” Almendras said.

He further said that these facilities might use coal or alternative fuels like natural gas. He, however, declined to bare parties which have expressed interest in his proposal.

According to Almendras, the 600-MW facility of the GN Power, which will start operating by December 2012, is expected to take care of the expected increase in power demand in 2013 and 2014, while the 600-MW coal power plant of Redondo Peninsula Energy Inc. (RP Energy), which is targeted to go online by 2015, will address the demand growth in 2015 and 2016.

The energy chief also bared ongoing talks with the private sector to pursue expansion projects such as the expansion of the 600-MW Masinloc coal facility in Zambales, currently owned and operated by US giant AES Corp.

Data from the DoE, meanwhile, showed that the government has been expecting several committed power projects to resume or start operating this year, including the 21-MW bunker power plant of CIP II Power Corp., a wholly-owned subsidiary of Trans-Asia Oil and Energy Development Corp. and Green Future’s 13-MW biomass project.

On top of these, there are 15 indicative projects in Luzon that included, among others, the 86-MW Burgos wind farm project of Energy Development Corp., the country’s largest producer of geothermal energy; and Trans-Asia Oil and Energy Development Corp.’s 135-MW coal project, which is being developed in partnership with Ayala’s AC Energy, among others.

The energy chief earlier disclosed that he had already signed service contracts for hydropower projects that could generate almost 2,000 MW for the Luzon grid alone.

At present, Luzon enjoys hefty power supply reserves usually ranging between 1,700 MW and 2,000 MW. As of Wednesday, however, reserves stood at only 852 MW.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Department of Energy , electricity production and distribution , Jose Rene D. Almendras , power plants

  • http://joboni96.myopenid.com/ joboni96

    colonized utak
    talaga ang mga ito

    ang pag isipan niyo
    how to leverage the $20 billion annual ofw remittances
    to solve national problems like
    electricity telecoms agriculture etc
    and create investment opportunities
    for us pilipinos

    hindi ang pagpapayaman sa mga
    1. dayuhan
    2. kastinoy
    3. intsik
    4. sarili
    5. dating amo

  • http://jaoromero.com/ Jao Romero

    if Luzon have hefty power reserves, then why are we enduring frequent brownouts here in Camarines Sur this summer? in Naga especially.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • US teacher fired over comment on black president
  • Magnitude-7.5 earthquake shakes Mexican capital
  • Title of new Hillary Clinton book: ‘Hard Choices’
  • Filipinos, Dutch re-enact crucifixion of Christ
  • 14 killed in car bombing in Homs
  • Sports

  • Nadal ousted by Ferrer in Monte Carlo quarters
  • Pacquiao shorts in Bradley fight sold for P1.7M in LA auction
  • Ryu pitches Dodgers past Giants
  • Alonso sets the pace in Chinese GP practice
  • Heat seek Three-peat but Spurs, Pacers top seeds
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Las Vegas ‘Pinoy Pride’ fest hails Filipino heritage
  • Marking Jesus’ journey on Good Friday
  • Filipina accomplice arrested for fake bills in Malaysia
  • DoH denies Filipino nurse no longer positive for MERS virus
  • WHO warns vs spread of MERS-Cov, urges vigilance in taking precautions
  • Marketplace