The recently formed Wind Energy Development Association of the Philippines (WEDAP) announced that together with the National Grid Corp. of the Philippines (NGCP) they would plan to establish transmission facilities in Northern Luzon with a capacity of 600 MW to supply the grid with wind power based energy.
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The Department of Energy (DOE) has said that it has yet to decide on its stance over the control of bioethanol imports of the oil companies. Under the Philippine Biofuel Law, Oil companies are allowed to import bioethanol if the local demand is not enough to meet their requirements in order to comply with the mandatory mixing of bioethanol with the gasoline that they sell at their stations. In line with this they have said that one of the more trickier issues that they have to decide on is with regards to the issue of the price of bioethanol.
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Nido Petroleum Ltd announced that the Tindalo Oil well is producing better than expected oil output during a test flow of the oil well. It was initially expected to produce only about 7,000 to 15,000 barrels per day (bpd) but as of June 5 it was producing about 15,000 to 18,689 bpd. Another important fact that was mentioned was that the oil had flowed without the aide of pumping equipment and was flowing via the natural pressure from the well.
Oil obtained during the test flow was stored and will be sold instead of being burned off like in normal practice.
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Energy Development Corp. (EDC) announced that they recently got the approval of the Dept of Energy for their wind farm projects in the Philippines paving the way for their construction.
These are for wind the farm projects in Camiguin, Dinagat and Surigao in Mindanao as well as Luzon projects in Balaoi-Pagudpud Ilocos Barangay Saoit at llocos Norte as well as another at Taytay, Rizal.
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Petron announced that they were looking for more local bioethanol suppliers to execute supply agreements with in order to meet their target of compliance with the Philippine Biofuel Law which mandates 5% mixture of bioethanol in the gasoline they sell at their pumps. Current output shows that the local bioethanol producers can only meet about 38% (83 million liters) of the demand for bioethanol.
Petron currently has a supply agreement with San Carlos Bioenergy Inc. (SCBI), a local bioethanol processor with capacity of 125,000 li/day.
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