A report released by the Department of Energy stated that over 4,135 MW of energy will be added to the grid by 2016 via 37 active projects. 80% of these projects are said to be Renewable Energy projects.
These power projects are said to be in various stages of development. Some of which are conducting feasibility studies, others are seeking funds, while others are doing market analysis. With this, it would be safe to assume that there could still be a probability of these projects not pushing through.
The Renewable Energy projects consists of:
- 5 wind power plants
- 1 liquefied natural gas and natural gas
- 8 biomass power plants
- 5 geothermal power plants
- 10 hydro-electric power plants
The fossil fuel based power projects consists of six coal fired power plants and one oil based. The largest of the Renewable Energy projects is First Gen Holdings & BG Consolidated Corps’ 550 MW natural gas plant at Sta. Rita, Batangas City.
[source]
Category: Clean Energy
