It was reported that the Zamora Group, via Tranzen Energy, has plans to put up a 230 MW hydro electric power plant in Mindanao by 2014. This will be a new power plant as opposed to the common strategy of bidding for government power plants set on the privatization block by PSALM.

The group is behind the Montalban Methane power plant that converts the methane from the Rodriguez waste dumps to useful energy. Montalban is 60% owned by them with the remainder belonging to Carbon Assets Fund of Cayman Island that is in part owned by the United Kingdom Carbon Capital Markets. They are also planning to setup similar methane power projects in Angeles, Olongapo, Davao and San Mateo Rizal.
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Constellation Energy, a subsidiary of EnerAsia Renewables Corp. of Canada, announced that they are looking to develop Renewable Energy projects in Biliran, Leyte (geothermal); Panglao, Bohol (wind), Bago (13.2 MW hydro), Salug Daku 2 (6 MW hydro), Salug Daku 3 (2.5 MW hydro), and Salug Daku 4 (4 MW hydro).

They already have signed Renewable Energy service contracts for the rights to 3 hydro projects in Dupinga (3 MW); Alag (39.5 MW); and Bongabong (28 MW).
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Ayala Corp, of the Zobel Family, announced that they are interest in investing in the emerging renewable energy industry in the Philippines given the opportunity. Jaime Augusto Zobel de Ayala, the current chairman and chief executive, said that it is their commitment to sustainable development and innovation that makes this investing in this sector appealing.

“We just can’t say we don’t want to venture into this industry because we need all these resources for the betterment of the people. There’s a better way of doing them. Our partners or the companies we plan to bring in are also demanding it,”
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The Department of Energy announced that they had awarded to 18 renewable energy companies the service contract to 87 sites that will allow them to develop renewable energy projects within the country. Of the 87 contracts, 22 are conversions of existing service contracts and agreements. Five of which are related to geothermal service contracts while 17 are on hydropower renewable energy contracts.

The total investments for the 87 service contracts are expected to amount to over P90.4 Billion in investments and 3000 MW of energy.
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Chevron Geothermal Philippines Holdings Inc. (CGPHI) president and general manager, Antonio Yee, said that they are planning to set up new geothermal power plants in the Philippines, instead of bidding on existing ones. In line with this, they have also expressed interest in bidding for geothermal exploration blocks that the Department of Energy (DOE) gives out.

This decision seems to have been aided in part by the passage of the Philippine Renewable Energy Act, which gives fiscal and non monetary incentives to investors who are willing to setup renewable energy projects in the country.
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Philippine National Oil Company (PNOC) said that there are a lot of foreign companies looking to tie up with them for renewable energy projects in the Philippines. PNOC embarks on renewable energy projects via its subsidiary: PNOC Renewables Corp. (PNOCRC)

PNOC president, Antonio M. Cailao, said that they are soon closing a tie up with a German energy firm for a solar energy project. Other prospects waiting in the wings are a US firm looking for a hydro electric power project, Korean nationals looking for wind power project to invest in. Singaporean and Thai investors are also on the lookout for other renewable energy projects.
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