Was on our way home one day on the odd occasion that our son was picked up from school. In between that 10 kilometer Jeepney ride between his school and our home I noticed that there were 9 gasoline stations already plying their trade.
10 years ago, if I’m remembering this correctly, there were only about 5 gasoline stations offering up fuel to the long distance travellers heading to some far off province.
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SunConnex B.V. (from the Netherlands) announced that they are planning to invest $100 million to put up a solar power plant in the Philippines. They said that they would begin by setting up 5 solar power plants with 10MW capacity before embarking on a 50MW one.
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3 companies are set to sign a Joint Venture Agreement on May 19 for the development of a geothermal energy at Mt. Makiling. These three companies are Petrogreen Energy Corp., Trans-Asia Oil and Energy Development Corp., and PNOC-Renewables Corp.
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The National Renewable Energy Board (NREB), which was tasked by the government to draft the Non-fiscal incentives part of the Philippine Renewable Energy Act of 2008 (Republic Act 9513) announced that they are wrapping up and the said guidelines will be ready for the next administration that will takeover right after the elections. June 30 is the projected date that they will finish drafting the non-fiscal incentives of the RE Law.
At almost the same time last year the implementing rules and regulations for the Philippine Renewable Energy Act had also been passed.
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The Lopez Group’s Energy Development Corp is set to have 5 geothermal development contracts approved by the Department of Energy.
The 5 areas are said to be able to produce about 110 MW plus of geothermal based energy. The 5 areas are located at Mt. Ampiro in Misamis Occidental (30 MW), Balingasag, Misamis Occidental (20 MW), Lakewood in Negros Occidental (40 MW), Mandalagan in Negros Occidental (20 MW)) and Mt. Zion in North Cotabato (capacity unknown).
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$400 Million into wind energy that is. Alternergy Philippine Holdings Corp. announced that they are looking to invest $400 million midterm into wind based renewable energy projects in the Philippines. The $400 million will equate to about 200 MW worth of Wind Energy Projects.
