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Philippines set to have first ocean energy plant by 2018

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Philippines set to have first ocean energy plant by 2018

/ 08:10 PM July 03, 2011

The Department of Energy (DoE) expects the Philippines’ first ocean energy facility to start commercial operations by 2018.

Data from the National Renewable Energy Plan book showed that the first project to go into operation will be the 10-megawatt Cabangan ocean energy thermal conversion (Otec) project in Zambales.

The Cabangan project is one of 20 indicative power projects, which are expected to require a combined P11 billion in investments.

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“While the country is endowed with vast ocean resource potential, there have been very limited activities in this sector. This is primarily because of the high investment cost for its exploitation,” the DoE said.

A study conducted by the Mindanao State University indicated that the country, being an archipelago, has a theoretical capacity of 170,000 megawatts over a 1,000 square kilometer ocean resource area.—Amy R. Remo

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TAGS: Department of Energy, Energy, ocean energy plant, Philippines, Zambales
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