PNOC-EC’s coal exploration plan awaits DOE OK | Inquirer Business

PNOC-EC’s coal exploration plan awaits DOE OK

/ 04:40 AM November 03, 2020

State-firm PNOC Exploration Corp. (PNOC-EC) has applied for the Department of Energy’s (DOE) green light to look for coal at two exploration blocks in Malangas, Zamboanga Sibugay, as the government pushes to stir up prospecting activities in order to help stimulate the Philippine economy.

This came just a few days after the DOE’s announcement that it would no longer accept applications for endorsement of new coal projects, in particular power plants that run on this fossil fuel.

The DOE has received and opened last Oct. 30 PNOC-EC’s application for a service contract for the prospective coal deposit, according to Energy Secretary Alfonso Cusi, who also sits as the company’s chair.

Article continues after this advertisement

Cusi said the PNOC-EC’s filing and the DOE’s receipt of the application related to two coal blocks—designated as 42-I-1 and 42-I-2—was “a milestone in the upstream coal development sector as this is the first application related to coal under the PCECP or Philippine Conventional Energy Contracting Program.”

FEATURED STORIES

The program, laid down in 2017, enables interested companies to either apply for a contract covering areas that the DOE has identified as available, or nominate areas that the applicants themselves identified for exploration of the country’s energy resources including oil and gas as well as coal.

“Despite the COVID-19 pandemic, the DOE is committed to tap potential energy exploration so the country could further attain its energy security and sustainability,” Cusi said in a statement. “We are pursuing to harness all our indigenous energy resources as we continue to usher in economic progress amidst adversities.”

Article continues after this advertisement

He said exploiting the countries coal resources would help in the recovery economy, which was under recession due to the coronavirus pandemic.

Article continues after this advertisement

In this light, Cusi said, the DOE was committed to expedite all power- and energy-related projects, including those covered by the PCECP.

Earlier last week, Cusi announced during the 2nd Glo­bal Ministerial Conference on System Integration of Renewables hosted in Singapore a moratorium on new coal-fired generators, based on a perio­dic assessment of the country’s energy requirements.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Alfonso Cusi, DoE, PNOC Exploration Corp.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.