AC Energy to divest from Mindanao coal plant bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Angelica Y. Yang
AYALA-LED AC Energy Corp. is setting its sights on a new renewable energy goal, this time for 2030 where local and foreign projects will have equal sharing, as it is set to hit its 5-gigawatt (GW) target ahead of the 2025 deadline, its top official said.
“In the next couple of years, you would most likely hear from us regarding our next target. I have no plans of putting another, of revising our 2025 goal,” said AC Energy President and Chief Executive Officer Eric T. Francia in a media briefing on Monday.
“We will most likely set our sights already for 2030, but we’re still going to be calibrating what the right level of renewable target would be,” he added.
The GNPower Kauswagan coal-fired power plant, as well as eight other projects, have secured approval from the Department of Energy to conduct a system impact..
Published December 18, 2020, 7:00 AM
Transmission firm National Grid Corporation of the Philippines (NGCP) has completed and energized the 230-kilovolt Toril-Bunawan transmission line, which forms the final loop of the P7.09 billion Mindanao backbone project.
With the project’s completion, the company noted that “this will secure the reliability of power transmission services in the entire Mindanao.”
NGCP explained that the Mindanao backbone “will connect bulk generation from the northern and southern parts of Mindanao and ensure stable and continuous power from Lanao del Norte, passing through Agusan del Sur, all the way to Davao del Sur.”
NGCP recently energized the Toril-Bunawan 230kV transmission line, the final component of its Mindanao 230 kiloVolt (kV) backbone project. This will secure the reliability of power transmission services in the entire Mindanao.( NGCP Photo)
Final component of NGCP s P7-B Mindanao backbone now online inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.