Philippines rounding up funding to support sustainable energy shift BusinessWorld 3 hrs ago © Provided by BusinessWorld
THE Department of Finance (DoF) said it is currently in talks with various development partners such as the Asian Development Bank (ADB), the UK government and the World Bank to support the Philippine energy industry’s pivot to renewables.
Paola Sherina A. Alvarez, assistant secretary and DoF spokesperson, said the department is currently working with the ADB for pilot implementation of the Coal Replacement Fund. She gave no details.
Finance Secretary Carlos G. Dominguez III said in April that the government may have to set up a fund to acquire all power plants in Mindanao and eventually shut them down while the generation capacity of the Agus-Pulangi hydropower plant increases.
NGCP power reserve compliance inadequate, key legislator claims
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Citicore to make 30 MW available for green energy option program
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BusinessWorld
June 7, 2021 | 12:31 am
Reporter
THE Philippines needs to shift to flexible power plants and renewables, according to some experts, after rotating “brownouts” hit parts of Luzon last week.
Alberto R. Dalusung III, energy transition advisor of nongovernment organization Institute of Climate and Sustainable Cities, said the recent plant outages show that “reliability of our power plants is falling below expectations.”
The National Grid Corp. of the Philippines (NGCP) last week placed the Luzon grid under red alert for three consecutive days after four major coal plants cut more than 1,300 megawatts (MW) in available capacity.
Data from the Energy department showed that forced outages from four coal plants removed 1,314 MW of available capacity from the Luzon grid, while 435 MW from three units of a hydro plant were declared unavailable on Thursday. Meanwhile, some 484 MW was shaved off of KEPCO Ilijan Corp.’s gas power plant on the same d
DoE says grid red alerts still possible if power plant outages continue
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