tag:blogger.com,1999:blog-20045440226895511292024-03-13T10:31:48.242+08:00Black & Hot!Philippines News on Power and CoalUnknownnoreply@blogger.comBlogger13612125tag:blogger.com,1999:blog-2004544022689551129.post-27120355992806167612021-09-03T10:41:00.001+08:002021-09-03T10:41:16.517+08:00Philippines needs transition plan for coal assets, says DOFDanessa Rivera - The Philippine Star September 3, 2021 | 12:00am <br /><a href="https://www.philstar.com/business/2021/09/03/2124392/philippines-needs-transition-plan-coal-assets-says-dof">https://www.philstar.com/business/2021/09/03/2124392/philippines-needs-transition-plan-coal-assets-says-dof</a> <br /><br />MANILA, Philippines — The Philippines is still not ready to implement carbon tax until government works out a transition plan for coal assets to usher in more renewable energy (RE) investments and ensure power supply and cost requirements of the country are met. <br /><br />There is a need for the country to balance its transition and power capacity needs amid the global push to cut carbon emissions and pursue clean energy, Department of Finance (DOF) Assistant Secretary Paola Alvarez said during the Energy Smart Forum organized by the European Chamber of Commerce of the Philippines (ECCP) on Tuesday. <br /><br />“From our end, it is a balance so we cannot go ahead with the coal transition mechanism without securing investment towards RE. That is how we want to secure or guarantee that during the transition, our economic progress would still continue,” she said. <br /><br /> Last year, the Department of Energy (DOE) issued a moratorium on new coal plants as it recognized the need for the country to shift to a more flexible power supply mix. <br /><br />“What we do not want is a scenario that you give a moratorium on coal but you do not provide policies or foundational policies to help the environment become conducive to investments. We want to leverage sustainable finance in the international calls in talks to Glasgow towards green finance,” Alvarez said. <br /><br /> On the coal transition, Alvarez said the DOF is working with the ADB to properly transition coal assets and, at the same time, “ usher in investments first in terms of RE in order for the DOE to be comfortable in terms of energy resources of the country.” <br /><br />She said the DOF and the DOE have been studying on how to put carbon pricing instruments. <br /><br />“However, given that they have concerns on the security of energy resources, we cannot put those in place as of the moment,” the DOF official said. <br /><br />Last March, Energy Secretary Alfonso Cusi said the Philippines is not ready for carbon tax as this will make the country uncompetitive in terms of power rates. Moreover, the country is still building up capacity by developing indigenous resources to establish energy security. <br /><br />In May, the World Bank said the imposition of a carbon tax in the Philippines would help the cash-strapped government secure additional revenue needed to recover from the pandemic and address long-term risks of climate change. <br /><br />But the Washington-based multilateral financing institution also said a carbon tax may not always be the best and most preferred choice considering some cases like the Philippines where power rates are among the costliest in the region, thereby reducing the country’s overall competitiveness. <br /><br />But carbon pricing or carbon tax is inevitable given the global transition away from coal, said Joseph Incalceterra, chief ASEAN economist at British banking giant HSBC. SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-9437060238766760562021-09-03T10:40:00.009+08:002021-09-03T10:40:46.519+08:00AC Energy eyes $400M from green bonds By Jordeene B. Lagare September 3, 2021 <br /><a href="https://www.manilatimes.net/2021/09/03/business/top-business/ac-energy-eyes-400m-from-green-bonds/1813313">https://www.manilatimes.net/2021/09/03/business/top-business/ac-energy-eyes-400m-from-green-bonds/1813313</a> <br /><br /> AC Energy Corp. said on Thursday it is targeting to raise $400 million from the issuance of fixed-for-life green bonds to fund its renewable energy projects. <br /><br />In a disclosure, AC Energy said its wholly-owned subsidiary ACEN Finance Ltd. has successfully set the terms of its US dollar-denominated senior guaranteed undated fixed-for-life (non-deferrable) green bonds. <br /><br />The green bonds will be issued under its $1.5-billion medium-term note program and be listed on the Singapore Exchange Securities Trading platform. <br /><br />It has a fixed coupon of 4 percent for life with no step-up and no reset, priced at par. <br /><br />According to AC Energy, pricing for the bonds was at 4 percent, which was 45 basis points tighter than the initial price guidance. <br /><br />The final order book volume exceeded $2 billion, attracting a wide range of high-quality investors, it added. <br /><br />"We are delighted by the overwhelming support for ACEN's green bond offering. This helps accelerate our aggressive renewables expansion and enables the green-led recovery," said AC Energy President and Chief Executive Officer Eric Francia. <br /><br />"This is another landmark deal that demonstrates strong investor confidence in the Company's strategic thrust to be a forerunner in the renewable energy sector and sustainable investing," said AC Energy Chief Finance Officer Cora Dizon. <br /><br />Net proceeds from the green bond issuance will be used to finance or refinance new or existing eligible green projects, in accordance with the company's Green Bond Framework. <br /><br />This framework sets out well-defined guidelines for the use of proceeds for renewable projects, located here and abroad, with comprehensive monitoring and reporting commitments. <br /><br />BPI Capital Corp. is the sole global coordinator for the transaction, while BPI Capital, Credit Suisse (Singapore) Ltd., Deutsche Bank AG Singapore Branch, Goldman Sachs (Singapore) Pte., Morgan Stanley Asia (Singapore) Pte., and UBS AG Singapore Branch are the joint lead managers and joint bookrunners. <br /><br />China Bank Capital Corp., First Metro Investment Corp., PNB Capital and Investment Corp., and RCBC Capital Corp. acted as domestic lead managers in the bond issuance. <br /><br />Earlier, the Securities and Exchange Commission confirmed the bonds comply with requirements under the Asean Green Bonds Circular and qualify as an Asean Green Bond Issuance. <br /><br />AC Energy has attributable capacity of 2,600 megawatts (MW) in the Philippines, Vietnam, Indonesia, India and Australia. <br /><br />It aspires to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5,000 MW of renewables capacity by 2025. SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-53532926913545705552021-09-03T10:40:00.004+08:002021-09-03T10:40:26.529+08:00ERC completes scrutiny of 8 power generation firmsby Lenie Lectura September 2, 2021 <br /><a href="https://businessmirror.com.ph/2021/09/02/erc-completes-scrutiny-of-8-power-generation-firms/">https://businessmirror.com.ph/2021/09/02/erc-completes-scrutiny-of-8-power-generation-firms/</a> <br /><br /> The Energy Regulatory Commission (ERC) has concluded its probe on eight power generation companies (gencos) that were found to have breached their plant outage allowance, causing the unscheduled brownouts from May 31 to June 3. <br /><br />“We are done with about eight. We have finalized evaluation of the facts. We are now in the last phase of computing penalties,” ERC Chairperson Agnes Devanadera told congressmen during a hearing on the presentation of the agency’s budget for 2022. <br /><br />She did not identify the eight gencos. The ERC will release its final resolution “within the next two weeks.” <br /><br />“We went through the process of requiring them to explain and to submit their explanations. In general, most of these explanations dealt on the pandemic related issues like inability of technical people to come in and delay in the delivery of the spare parts because of the lockdown. But we are resolving the cases one by one, not in lump sum,” the ERC chief said. <br /><br />The ERC said there were 17 gencos cited in its probe, following the show-cause orders issued last June 22. <br /><br />The ERC is also looking into the possible collusion among the gencos whose facilities were on extended shutdown—including those that performed unplanned maintenance that led to rotational brownouts in Luzon. <br /><br />The Department of Energy (DOE) earlier said gencos that reported prolonged plant outages could face charges of anti-competitive behavior and economic sabotage for violating government-enforced laws and policies. <br /><br />Gencos, except for those operating hydroelectric power plants, are not allowed by the DOE to conduct power plant maintenance during the peak quarter. Also, the ERC has put in place a cap on annual unplanned outages per generating plant technology to promote accountability. <br /><br />All 17 gencos earlier found to have plant outage allowance breaches submitted their explanation to the ERC last July. <br /><br />The 17 gencos are Sem Calaca Power Corp., GN Power Mariveles Center Ltd. Co., Masinloc Power Partners Co. Ltd., Southwest Luzon Power Generation Corp., Team Sual Corp., SPC Power Corp., Panay Power Corp., SN Aboitiz Power-Benguet Inc., CBK Power Co. Ltd., SPC Island Power Corp., First Natgas Power Corp., FGP Corp., First Gas Power Corp., Power Sector Assets and Liabilities Management Corp., Energy Development Corp., Hedcor Bukidnon Inc.; and PSALM-Soosan ENS Co. Ltd. SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-12514840922746275272021-09-03T10:39:00.012+08:002021-09-03T10:39:58.509+08:00‘PHL needs more transmission facilities’By Lenie Lectura September 2, 2021 <br /><a href="https://businessmirror.com.ph/2021/09/02/phl-needs-more-transmission-facilities/">https://businessmirror.com.ph/2021/09/02/phl-needs-more-transmission-facilities/</a> <br /><br /> Renewable energy (RE) players said transmission line constraint is one of the possible hindrances to achieving the country’s target RE capacity in the next 20 years. <br /><br />The country is targeting a 35-percent RE share in the country’s energy mix by 2035 and at least a 40-percent RE share by 2040. The current mix is still dominated by fossil fuels at 54.6 percent; natural gas, 21.2 percent; RE, 20.8 percent; and oil-based fuel, 3.5 percent. <br /><br />The National Renewable Energy Board (NREB), the advisory body tasked to effectively implement RE projects in the country, is confident that the RE share in the energy mix can even hit 50 percent by 2040. <br /><br />“I’m grateful for in the openness of everyone in this industry to work out our differences and then agreeing to a common goal—a north star. That North Star for the Philippine energy mix is to have a 35-percent RE share by 2030 and, at least, 40 percent RE share by 2040. <br /><br />In fact, in the NREP [National Renewable Energy Program] projection, we will get to that 35 percent RE share by 2030 and, in fact, exceed 40 percent and get all the way up to 50 percent by 2040 if there are certain policies that will be adopted to make sure that we get there,” said NREB Chairman Monalisa Dimalanta during a forum titled “The Future Energy Show Philippines” in which she talked about RE adoption in the country. <br /><br />One way to achieve this, she said, is to increase RE installations under the Renewable Portfolio Standards (RPS) policy. “In the public consultation that the DOE had two days ago, it already announced that some of these policies that we had recommended, they are adopting these policies. The first one, which is key, is really the increase in RPS percentage from 1 percent to 2.52 percent by 2023.” <br /><br />RPS is a market-based policy that requires power distribution utilities, electric cooperatives, and retail electricity supplies to source an agreed portion of their energy supply from eligible RE facilities. <br /><br />Solar and wind will form part of the majority of new capacity additions in the market share of RE. <br /><br />When RE players were asked how they are preparing to meet the projected RE numbers, Solar Philippines founder Leandro Leviste cited concerns over the lack of transmission facilities. <br /><br />“The balance of this 35 percent by 2030 is necessarily going to come mostly from solar and perhaps to the extent there are very good competitive wind resources as well. But I think it’s going to be a challenge of getting that supply to be delivered rather than for the demand of 35 percent being met,” said Leviste during the virtual forum. “It’s going to be a constraint of transmission for the most part rather than cost.” <br /><br />Leviste said solar cost has gone down to about P3 per kilowatt hour (kWh). “It’s public knowledge that solar is now being supplied to Meralco [Manila Electric Co.] as low as P2.99/kwh and to the extent that is replicable. Therefore, anyone can draw the conclusion that solar should represent a very big share of the country’s energy mix and perhaps all of the incremental capacity that is competitively bid out.” <br /><br />Leviste said there will not be enough transmission facilities for the 20,000 to 30,000 megawatts of additional solar and wind capacities. <br /><br />“If there are developers that can see that there is this firm demand of five, six, seven to eight years from now then it becomes all the more viable to develop very long transmission lines that can enable these larger developments to unlock these potential developments for solar and wind,” he said. <br /><br />SN Aboitiz Power Group Vice President and Chief Business Development Officer Jason Soberano also recognized the importance of transmission lines in delivering power to consumers and that the cost of RE, as well as battery energy storage system, will further go down. <br /><br />“We do anticipate that the RE and battery energy storage cost will drop further in the coming years and from a commercial standpoint the lower cost per kilowatt hour over the long term justifies the transition to RE.” <br /><br />You have capacities as part of that equation, but you also have transmission line constraints, the regulation, and you need to have the digital technology to sort of tie up all of these together. So, we’re going there, we see it’s going to be a combination of different technologies,” he said. SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-49924116654443263292021-09-03T10:39:00.007+08:002021-09-03T10:39:34.617+08:00Semirara Mining remits P1.7-B royalty payment By Jordeene B. Lagare September 1, 2021 <br /><a href="https://www.manilatimes.net/2021/09/01/business/top-business/semirara-mining-remits-p17-b-royalty-payment/1813043">https://www.manilatimes.net/2021/09/01/business/top-business/semirara-mining-remits-p17-b-royalty-payment/1813043</a> <br /><br />Semirara Mining and Power Corp. remitted close to P1.7 billion in royalty payment to the Department of Energy for the second quarter. <br /><br />In a disclosure on Tuesday, the Consunji-led company it managed to make a record high quarterly payment after recognizing P14.8 billion in revenues on the back of all-time high coal sales and higher average selling prices. <br /><br />Of the total amount, more than P1 billion will be retained by the national government. <br /><br />In accordance with the law, the rest will go to the host local government units of the SMPC mine site. <br /><br />The province of Antique will receive P136 million while the municipality of Caluya and Barangay Semirara will receive around P300 million and P230 million, respectively. <br /><br />As per Republic Act 7160 or the Local Government Code of 1991, local government units are entitled to a 40-percent share of royalty proceeds from petroleum, coal, geothermal, hydrothermal and wind resources. <br /><br />"The pandemic has taken a significant toll on our country. We hope that our contribution can help boost our government's response against Covid-19," said Semirara Mining President and Chief Operating Officer Maria Cristina Gotianun. <br /><br />Semirara Mining is the only vertically-integrated power producer in the country that mines its own fuel. <br /><br />The integrated energy company also supplies affordable fuel to power plants, cement factories and other industrial facilities across the Philippines. <br /><br />Shares of Semirara Mining climbed by 46 centavos or 2.79 percent to close at P16.96 each on Tuesday. SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-87567351105290230542021-09-03T10:39:00.002+08:002021-09-03T10:39:13.195+08:00First Gen’s Avion unit goes offline after turbine damageSeptember 1, 2021 | 12:10 am <br /> <a href="https://www.bworldonline.com/first-gens-avion-unit-goes-offline-after-turbine-damage/">https://www.bworldonline.com/first-gens-avion-unit-goes-offline-after-turbine-damage/</a> <br /><br /> LOPEZ-LED First Gen Corp. told the local bourse on Tuesday that the second unit of its 97-megawatt (MW) Avion gas-fired plant will be offline for the time being due to damage found in its gas turbine. <br /><br />Its subsidiary Prime Meridian PowerGen Corp. (PMPC) informed the listed power firm that one of the compressors of Avion Unit 2’s gas turbine was discovered in a routine inspection to have been damaged. <br /><br />The Batangas-based Avion plant, which uses dual fuel aero-derivative gas turbines developed by General Electric (GE), is one of the gas facilities that source fuel from the offshore Malampaya gas field. <br /><br />“The damage to Avion Unit 2, which has a capacity of approximately 48.5 MW, was found during an ongoing routine inspection. After carefully reviewing the findings, GE has advised PMPC that Avion Unit 2 cannot be operated and will require further offsite assessment at a GE service depot abroad to determine the extent of the damage and effect repairs necessary to place the gas turbine back into service,” First Gen said. <br /><br />It added that Avion Unit 1 is unaffected, indicating that it will stay online. <br /><br />First Gen earlier said that some 50 MW from Avion, which can operate on either natural gas or diesel, will be available for the Luzon grid during the Malampaya gas-to-power project’s temporary closure from Oct. 2 to 22. It will be operating on liquid fuel during the gas field’s shutdown. <br /><br />In a separate filing on Tuesday, the company said that it had received the tender offer report from Philippines Clean Energy Holding Inc. (PCEHI), which plans to acquire by way of a secondary sale a minimum of issued and outstanding common shares representing 3%, and a maximum of 5.7% from the Lopez firm’s existing shareholders. <br /><br />The shares will be priced at P33 per common share. <br /><br />“The tender offer provides existing shareholders of the company the opportunity to sell their common shares and realize their investment, in cash, at a premium to the current trading price of the common shares,” the report read. <br /><br />The tender offer will begin at 9:00 a.m. on Sept. 1 and end at 12:00 noon of Sept. 29. The offer period may be extended as long as it gets prior approval from the corporate regulator. <br /><br />In another disclosure, First Gen requested for a one-day extension of its trading suspension, after receiving PCEHI’s 59-page tender offer in order to “give the company’s shareholders equal access to the said report.” <br /><br />First Gen has 3,495 MW of installed capacity in its portfolio, which comprises of projects in natural gas, geothermal energy from steam, hydro-electric, wind, and solar power. The listed power firm is a subsidiary of First Philippine Holdings Corp. — Angelica Y. Yang SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-45353748649212921262021-09-03T10:38:00.002+08:002021-09-03T10:38:39.162+08:00LPG prices up by P0.65/kg Published September 1, 2021, 10:53 AM by Myrna M. Velasco <br /><a href="https://mb.com.ph/2021/09/01/lpg-prices-up-by-p0-65-kg/">https://mb.com.ph/2021/09/01/lpg-prices-up-by-p0-65-kg/</a> <br /><br /> Household budget for cooking fuel will rise this month, as the price of liquefied petroleum gas (LPG) has been increased by P0.64 to P0.65 per kilogram (kg) effective today, September 1, or aggregate P7.04 to P7.15 price hike for the standard 11-kilogram cylinder. <br /><br />As of press time, the LPG firms that already sent notices on their prices include Petron Corporation for its Gasul brand; Phoenix Petroleum for its Super LPG; and Isla Gas for its Solane LPG. <br /><br />Petron and Phoenix Petroleum implemented a price hike of P0.65 per kg while Solane had a slightly lower adjustment of P0.64 per kg. All price increases enforced by the oil companies are inclusive of value added tax (VAT) charges. <br /><br />Auto LPG products, alternative fuels being used by the transport sector, were also increased. Petron raised its price by P0.36 per liter and Phoenix Petroleum effected a lower P0.35 per liter hike. LPG companies emphasized that this month’s uptrend in LPG prices had been due to the escalation of contract prices in the world market. <br /><br />Based on a monitoring report of the Department of Energy (DOE), the pick-up price of LPG products at Metro Manila retail outlets prior to this adjustment had been at the range of P691.00 to P997.00 for the typical 11-kilogram tank. <br /><br />LPG prices are adjusted every first day of the month – and such cost swing is anchored on Saudi Aramco contract prices, which is the pricing benchmark for Asian markets. <br /><br />As noted by experts, the climb in contract prices for the propane and butane components of LPG had been attributed to rising demand, as some countries are already building up inventories for their heating requirements in the winter season. <br /><br />Freight cost and the fluctuations in the Philippine peso-US dollar exchange rate have also been influencing the price movement for LPG commodities, according to the energy department. <br /><br />LPG is a very vital commodity for Filipino households during these times, as most are still confined in their homes because of the continuing rigid movement restrictions being enforced by the government because of the lingering pandemic. ### SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-47359060532200183372021-09-03T10:37:00.007+08:002021-09-03T10:37:40.033+08:00Frustrated investors need to wait longer for RE capacity auctionPublished September 1, 2021, 5:28 PM by Myrna M. Velasco <br /><a href="https://mb.com.ph/2021/09/01/frustrated-investors-need-to-wait-longer-for-re-capacity-auction/">https://mb.com.ph/2021/09/01/frustrated-investors-need-to-wait-longer-for-re-capacity-auction/</a> <br /><br /> There was some degree of frustration on the part of the renewable energy (RE) developers, as their widely anticipated capacity tendering under the Green Energy Auction Program (GEAP) has been delayed again from its August 31 timeline. <br /><br />The RE investors are ready to place their bets for the targeted 2,000 megawatts of RE capacity covered with power supply agreements (PSAs) in the State-sponsored RE auction. <br /><br />The original schedule was initially slated middle of this year, then it was moved to August 31, but had to be rescheduled once more as there are still fine-tuning in policies by the Department of Energy (DOE), the overseer of the GEAP process. <br /><br />According to Energy Assistant Secretary Redentor E. Delola, the department is “working on additional provisions as instructed by the Secretary (Alfonso Cusi),” primarily on the additional options that shall be warranted to the distribution utilities (DUs), being the off-taker of the RE capacities that will be successfully offered under the GEAP. <br /><br />Another work-in-progress relative to the RE capacity auction is on establishing the ‘green energy auction reserve price’ or GEAR tariff that shall serve as the price ceiling for the capacity offers. <br /><br />Sharon Montañer, chief of the Renewable Energy Division of the Energy Regulatory Commission (ERC), noted that they will need to wait first for the amended Department Circular of the DOE before they can kick off deliberations on the GEAR price. <br /><br />Part of the determination process for the GEAR price, it was emphasized, shall be consultation undertakings with the affected and other relevant stakeholders. <br /><br />Given the remaining tasks through the maze of policymaking and the GEAR tariff setting, there are expectations that the green energy auction might further slide in the forthcoming months or even to next year. <br /><br />Nevertheless, that could stall the flow of fresh capital in the RE sector, because many prospective developers are largely leaning on the implementation of GEAP before they can advance to final investment decision (FID) phase on their targeted projects. <br /><br />GEAP is a policy underpinning of the Renewable Portfolio Standards (RPS), an incentive mechanism that shall provide alternative market to RE capacities that shall form part of the installations that will concretize the country’s ‘clean energy’ shift moving forward. SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-13399199098407988082021-09-03T10:37:00.002+08:002021-09-03T10:37:15.412+08:00Tender offer of First Gen shares priced at P33/sharePublished August 31, 2021, 4:14 PM by Myrna M. Velasco <br /><a href="https://mb.com.ph/2021/08/31/tender-offer-of-first-gen-shares-priced-at-p33-share/">https://mb.com.ph/2021/08/31/tender-offer-of-first-gen-shares-priced-at-p33-share/</a> <br /><br />The tender offer (TO) of the common shares of First Gen Corporation that can be unloaded or sold by its outstanding shareholders had been priced at P33 per share, according to a report filed by bidder Philippine Clean Energy Holding Inc. with the Securities and Exchange Commission. <br /><br />“The tender offer is being made at the price of P33 per common share, the net proceeds of which is payable to tendering shareholders by check or by bank transfer,” Philippine Clean Energy Holding said. <br /><br />The tender offer will cover disposal of shares by outstanding common shareholders of the Lopez firm – and it will be for a minimum of 107,897,265 issued and outstanding common shares –which will account for 3.0-percent of the company’s total shareholdings. <br /><br />The higher end target will be 205,000,000 of outstanding common shares and that will be for 5.7-percent shareholdings of First Gen. <br /><br />Philippine Clean Energy Holding, which will be buying the shares in the tender offer exercise, is affiliated with global investment firm KKR Asia Pacific Infrastructure Pte Holdings Ltd. <br /><br />American firm KKR is the same company that acquired shares in First Gen when it carried out tender offer for 11.9-percent of its shareholdings last year. <br /><br />For this TO with the First Gen shareholders, the designated stock transfer agent is BDO Unibank Inc – Trust and Investments Group; while BDO Securities Corporation will act as the tender agent. <br /><br />When KKR invested in First Gen last year, it cited the credence and integrity of the Lopez family and the entire conglomerate’s business directions; and it likewise noted the company’s leaning on clean energy technologies as its main enticement into injecting capital in the Lopez power generation firm. <br /><br />First Gen is the country’s leading developer of clean energy projects – and its installations are mainly leaning on renewable energy and gas-fired power technology deployments. <br /><br />The technology convergence of its power development portfolios are seen to be of perfect-fit, because the flexibility of gas is seen as a best complement to the intermittency dilemmas of emerging RE technologies. <br /><br />The Lopez firm is also advancing its interim liquefied natural gas (LNG) import facility project, and that is targeted to come on stream by last quarter of next year – and will be a replacement asset with the anticipated depletion of the Malampaya gas field. ### SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-54585637063205305512021-09-03T10:36:00.009+08:002021-09-03T10:36:41.843+08:00ERC soliciting industry inputs to IRR of lifeline rate extension policyPublished August 31, 2021, 3:32 PM by Myrna M. Velasco <br /><a href="https://mb.com.ph/2021/08/31/erc-soliciting-industry-inputs-to-irr-of-lifeline-rate-extension-policy/">https://mb.com.ph/2021/08/31/erc-soliciting-industry-inputs-to-irr-of-lifeline-rate-extension-policy/</a> <br /><br /> The Energy Regulatory Commission (ERC) is soliciting inputs from industry stakeholders for the crafting of the implementing rules and regulations (IRR) of Republic Act 11552, which seeks to extend the lifeline subsidy or discount rate for marginalized electricity consumers for the next 50 years. <br /><br />Signed by President Rodrigo Duterte in May this year, the law specifically stipulated that “in order to provide assistance to electricity consumers, especially those living below the poverty line, and to achieve a more equitable distribution of the lifeline subsidy, a socialized pricing mechanism called a ‘lifeline rate’ for qualified marginalized end-users shall be set by the ERC.” <br /><br />It was further prescribed that the duration of that lifeline rate subsidy shall be for “a period of 50 years, unless otherwise extended by law.” <br /><br />The determination of the subsidy rates to be extended to the qualified marginalized end-users had been vested as an authority to be exercised also by the ERC, being the regulator of the restructured power industry. <br /><br />As specified in the law, “the level of consumption, subsidy and rate shall be determined by the ERC after due notice and hearing,” hence, the regulatory body is now soliciting inputs and comments from the affected and relevant stakeholders. <br /><br />The concerned parties are given until September 3, 2021 to submit comments or counter-comments to the inputs already submitted by the other industry players. <br /><br />“All counter-comments and proposals and/or counter-proposals received by the Commission within the prescribed period shall be made part of the records of the rule-making proceeding and may be considered in the finalization of Republic Act 11552’s IRR,” the ERC emphasized. <br /><br />On establishing the database of Filipino consumers that may be eligible to avail of the extended lifeline rate discounts, the law decreed that the ERC “shall primarily use data from the PSA (Philippine Statistics Authority) in the determination of the level of consumption.” <br /><br />In the initial implementation of lifeline rate subsidy under Section 73 of the Electric Power Industry Reform Act (EPIRA), the tariff discounts ranged from 25 to 75-percent depending on the magnitude of power usage of the marginalized end-user or poor household customer – and the consumption range considered had been from zero to 100 kilowatt-hours. <br /><br />In the extension of the lifeline rate subsidy, it was propounded that the ERC shall make use of the qualified household-beneficiaries that are already listed in the Pantawid ng Pamilyang Pilipino Program (4P) of the government. <br /><br />The validation of qualified customer-beneficiaries shall also be done with the help of the servicing distribution utilities (DUs), such as that of Manila Electric Company (Meralco) and other private DUs as well as electric cooperatives. SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-15964337853730394322021-09-03T10:36:00.003+08:002021-09-03T10:36:17.245+08:00DOE to face power supply uncertainty probe<p class="published" style="margin: 0in; text-align: justify;"> <!--[if gte mso 9]><xml>
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</xml><![endif]--><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Published August 30,
2021, 6:00 AM by Myrna M. Velasco</span></p>
<p class="published" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"><a href="https://mb.com.ph/2021/08/30/doe-to-face-power-supply-uncertainty-probe/">https://mb.com.ph/2021/08/30/doe-to-face-power-supply-uncertainty-probe/</a></span></p>
<p class="published" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"> </span></p>
<section class="article-content">
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">As uncertainties in the power supply situation
in the country persist, the Department of Energy (DOE) will be dragged into
another Senate investigation where it is expected to present a definitive
supply-demand scenario and lay down contingency measures in case the 2022
national elections will be marred with rotational blackouts.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Energy Secretary Alfonso G. Cusi has been
giving pronouncements that “there will be no brownouts” in next year’s polling
period, but Senate Committee on Energy Chairman Sherwin T. Gatchalian is less
convinced.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"><br />
Given apprehensions over the sufficiency of power supply next year, especially
during the summer months that will coincide with the election period, the
Senate energy committee deemed it prudent to call the DOE to come up with
pre-emptive measures to avoid power interruptions on those critical periods.<br />
<br />
“It is crucial that programs are already in place, taking into account all
eventualities to guarantee continuous supply of electricity during the 2022
automated elections,” Gatchalian said.<br />
<br />
Several groups have cast doubts on the authenticity of the power supply-demand
outlook put into view by the DOE since there are still factors not integrated
in its short-term energy planning – including the forced outages and de-rating
of power plants; specific schedule of preventive maintenance of generating
facilities; as well as the extent of gas restriction that will be experienced
from the Malampaya field next year.<br />
<br />
With such weak planning by the energy department, some stakeholders expressed
fear of possible cheating during the election period. Such apprehension has
been bolstered by the fact that the DOE Secretary serves as president of the
ruling party PDP-Laban.<br />
<br />
Cusi has also been criticized by various energy stakeholders for devoting more
of his time on political affairs, instead of fixing the power supply mess that
the DOE is supposed to prioritize because that is the agency’s core mandate.<br />
<br />
As noted by Gatchalian, “We must ensure the credibility and transparency in the
conduct of the elections as well as the delivery of fast and accurate results
reflective of the genuine will of the people.”<br />
<br />
The lawmaker reiterated that the current power supply-demand vista in the DOE
forecasting — which is trying to paint a “no yellow or red alerts” happening in
the system — is still sketchy, because “the outlook does not take into
consideration the forced and unplanned outages of power plants and the
declining supply from the Malampaya gas field.”<br />
<br />
Gatchalian is reminding DOE that the rotational blackouts that happened last
summer and even those in 2019, also an election year, had been mainly
“attributed to the unplanned outages and de-rating of power plants.”<br />
<br />
He further stressed that “power interruptions last summer happened despite
earlier statements from the DOE that it was optimistic that the country will
not encounter major challenges or any alerts that may result in insufficiency
of supply.” </span></p>
</section>SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-69402314983856755122021-09-03T10:35:00.010+08:002021-09-03T10:35:56.185+08:00Aboitiz firm to reinforce power distribution system for Batangas ecozonesPublished August 30, 2021, 6:30 AM by Myrna M. Velasco <br /><a href="https://mb.com.ph/2021/08/30/aboitiz-firm-to-reinforce-power-distribution-system-for-batangas-ecozones/">https://mb.com.ph/2021/08/30/aboitiz-firm-to-reinforce-power-distribution-system-for-batangas-ecozones/</a> <br /><br />Aboitiz Construction will be constructing overhead transmission poles in Lipa City and Malvar, Batangas as part of overall infrastructure reinforcement to improve provision of electricity services to economic zone-locators in that same province. <br /><br />In a statement to the media, Aboitiz Power indicated that the installation of the transmission poles will commence in November this year and it is up for completion in six months. The project deal was signed between Aboitiz Construction and Lima Enerzone. <br /><br />Lima Enerzone, which is a subsidiary of Aboitiz Power Corporation, is operating the distribution system at Lima Land Inc., which is also a company under the Aboitiz group. <br /><br />Aboitiz Construction has started in January 2019 the design and construction of the 69-kilovolt (kV) overhead transmission line project; and this will be completed this year. <br /><br />The power firm explained that “the transmission poles will support the 69-kV power lines that will supply power to businesses located in a 170-hectare Light Industry Science Park (LISP-4) and residential areas in a 212-hectare Pueblo de Oro in Malvar.” <br /><br />Levi Agoncillo, vice president for Business Development, Tender Planning, Engineering and Design of Aboitiz Construction, indicated that “through this partnership, we aim to contribute to economic growth in Batangas by powering businesses and homes.” <br /><br />He similarly opined that by delivering “quality and safe project for Lima Enerzone,” the construction company would be able to “help businesses to thrive.” <br /><br />As stipulated in the deal, Aboitiz Construction “will handle the demolition and restoration of affected structures for the construction of the foundations and erections of steel poles.” <br /><br />It added that “cable stringing, clipping, and armoring will also be part of the transmission poles project.” <br /><br />Aboitiz Construction further noted that upon the project’s completion, “this will provide a steady and reliable power supply in LISP-4 in order to support business operations, industries and local services in the area.” <br /><br />The Aboitiz firm expounded that the power system upgrading project “is part of a bigger initiative to enhance power delivery in Lipa City, Malvar and surrounding areas,” and that shall include the Lima Technology Center which is an ecozone development of Lima Land. ### SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-84717760205582335392021-09-03T10:35:00.005+08:002021-09-03T10:35:31.783+08:00Fake DOE letters to DFA caused delays in power plant maintenance worksPublished August 30, 2021, 4:46 PM by Myrna M. Velasco <br /><a href="https://mb.com.ph/2021/08/30/fake-doe-letters-to-dfa-caused-delays-in-power-plant-maintenance-works/">https://mb.com.ph/2021/08/30/fake-doe-letters-to-dfa-caused-delays-in-power-plant-maintenance-works/</a> <br /><br /> Fake letters or correspondence sent by unscrupulous individuals to the Department of Foreign Affairs (DFA) had caused delays in power plant maintenance activities that subsequently triggered this year’s rotational blackouts, according to the Department of Energy. <br /><br />As explained by the energy department, those ‘forged communication’ had not been acted upon by the DFA, hence, the foreign consultants and experts needed by the power plant owners for their maintenance activities were not able to arrive in the country or have experienced travel delays. <br /><br />For more than a year, the DOE is being quizzed on why it wasn’t able to act on those requests of the generation companies (GenCos) for coordination with the DFA – especially so since the entry of technical experts for the maintenance downtime schedule of power plants; as well as completion of power projects, had not been immediately addressed. <br /><br />“What we gathered was the delay was caused by some characters who were faking letters from the DOE – that’s why there were delays with the DFA,” Energy Undersecretary Felix William B. Fuentebella said. <br /><br />ecause of those unwarranted incidents and for that problem to be fixed, he noted that there is now direct coordination between the Office of the DOE Secretary and that of the DFA Secretary. <br /><br />“That’s already addressed because there’s already direct representation from the Office of the Secretary to the Department of Foreign Affairs,” Fuentebella stressed. <br /><br />In this year’s summer months, Filipino consumers had been punished with double whammy of power service interruptions and rate hikes – and the power plant owners and operators tossed the blame to the DOE for not acting early enough on their requests for the travel of their foreign consultants who were supposed to oversee repair and maintenance of their electric generating facilities. <br /><br />Presently, the DOE is also being nudged on a realistic scenario on the country’s power supply-demand outlook – especially on the scheduled shutdown of the Malampaya gas production facility on October 2-22 this year; as well as in the May 2022 elections. <br /><br />Energy Secretary Alfonso G. Cusi assured that there will be sufficient power supply on next years’ elections, but many stakeholders in the power sector are not taking his words seriously, primarily because there had been several instances when the DOE had been wrong on its projections. <br /><br />Still, Fuentebella insisted that Luzon grid in particular will be safe and will have sufficient electricity supply during the scheduled shutdown of the Malampaya field in October. <br /><br />“As far as the months of September, October, November and December, even up to February, we have sufficient supply…our reserves will be on surplus mode,” he added. <br /><br />On power supply during the election period, he qualified that “we still have to meet and come up with scenarios upon submission of the generation companies and upon collation by the system operator – so that’s as far as toward the election is concerned.” ### SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-85593548378398760912021-09-03T10:35:00.000+08:002021-09-03T10:35:05.809+08:00Malaya plant’s unit eyed for power reserves<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"> <!--[if gte mso 9]><xml>
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</xml><![endif]--><span class="td-post-date"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">August 30, 2021 | 12:05 am</span></span><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"> By a<span class="s1"> Reporter</span><b>,
</b><span class="s1"></span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"><a href="https://www.bworldonline.com/malaya-plants-unit-eyed-for-power-reserves/">https://www.bworldonline.com/malaya-plants-unit-eyed-for-power-reserves/</a></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"> </span></p>
<p class="p4" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">THE new owner of the 650-megawatt (MW) Malaya
Thermal Power Plant (MTPP) aims to secure an agreement with the National Grid
Corp. of the Philippines (NGCP) that will allow the facility’s second unit to
provide reserve power to the Luzon grid.</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">“For now, Unit 2 is targeted for ancillary
services… We are applying as an ancillary services plant. As new private
owners, we need to work on the transfer of all operating permits and secure an
agreement with NGCP. We will be doing that [along with] the repair works,” Fort
Pilar Energy, Inc. Chief Executive Officer Joseph Omar A. Castillo told <i>BusinessWorld
</i>on Viber last week.</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Fort Pilar Energy’s subsidiary, Belgrove Power
Corp., completed the purchase of MTPP and its underlying land in Pililla, Rizal
last week, according to state-run Power Sector Assets and Liabilities
Management Corp. (PSALM).</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">“Assuming we secure [the] ASPA (ancillary
services procurement agreement), we should operate Unit 2 by January 2022,” Mr.
Castillo added.</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span class="s2"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">PSALM on Aug. 25 said
Belgrove paid a total of around P4.19 billion for the plant and the underlying
land. Broken down, the purchase price of the assets totaled about P3.12
billion, while payment for MTPP’s remaining fuel inventory reached P1.06
million.</span></span><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"></span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">MTPP has two units: 300-MW Unit 1 and 350-MW
Unit 2.</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">At the time of the plant’s turnover to
Belgrove, both of the units were on outage, according to Mr. Castillo, as the
first unit housed a damaged turbine, and the second unit had a damaged air
pre-heater.</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">“For Unit 1, we will conduct a feasibility
study first [before doing any repair works]… We are prioritizing Unit 2 for
immediate repair. Our timeline for bringing back Unit 2 online is 12 weeks,”
the Fort Pilar Energy executive said.</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Unit 2 was built in 1978 and its last overhaul
was done more than 20 years ago. Mr. Castillo said the plant will be undergoing
overhaul works and preventive maintenance on all systems used in this unit.</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">“Unit 2 should be ready for testing and
commissioning by November 30,” he said.</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Earlier, Mr. Castillo said that once MTPP is
repaired, it will be able to “supply electricity to the Luzon grid and help
ensure sufficient electricity supply in anticipation of the upcoming 2022
national elections.”</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">The Department of Energy previously said that
PSALM would pursue a negotiated sale for the plant, citing high maintenance
costs and following years of failed auctions. It added that PSALM had shelled
out an average of P1.2 billion a year to maintain the thermal facility from
2010 to 2019.</span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span class="s2"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">In a statement issued
last week, PSALM’s President and Chief Executive Officer Irene Joy
Besido-Garcia described the sale and turnover of MTPP to Belgrove as a “major
milestone” since the state-run entity had been trying to privatize the asset
for years.</span></span><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"></span></p>
<p class="p5" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">“The amount of P4.19 million will be used by
PSALM to settle the remaining financial obligations that PSALM absorbed from
the National Power Corp.,” she said.</span></p>
SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-38263118428205661792021-09-03T10:34:00.008+08:002021-09-03T10:34:45.978+08:00AC Energy plans JV with German firm for 300MW solar projects<p class="published" style="margin: 0in; text-align: justify;"> <span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Published August 29,
2021, 6:30 AM by Myrna M. Velasco</span></p>
<p class="published" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"><a href="https://mb.com.ph/2021/08/29/ac-energy-plans-jv-with-german-firm-for-300mw-solar-projects/">https://mb.com.ph/2021/08/29/ac-energy-plans-jv-with-german-firm-for-300mw-solar-projects/</a></span></p>
<p class="published" style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"> </span></p>
<section class="article-content">
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Ayala-led AC Energy Corporation (ACEN) is
eyeing to cement a partnership with German firm ib vogt for the installation of
at least 300 megawatts (MWdc) of solar power projects in the country.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">In a disclosure to the Philippine Stock
Exchange (PSE), the Ayala energy company specified that the executive committee
of its board tackled in its meeting the proposed tie-up to be entered into with
the German firm’s regional affiliate ib vogt Singapore Pte Ltd.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">AC Energy noted that the 300MWdc installation
is an initial target set by the companies in the propounded joint venture deal,
but project sites have yet to be determined.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">The German company has investment focus on
developing and delivering utility-scale turnkey solar photovoltaic (PV)
projects – and it has commanding presence in key markets like Europe and Asia.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">AC Energy has been accelerating project
developments of wind and solar farm facilities in the country, because this
will form a substantial part of the 5,000MW renewable energy (RE) capacity that
it is eyeing on stream by year 2025.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Aside from the Philippines, the Ayala energy
firm is also pursuing aggressive RE growth investment portfolios in offshore
markets, primarily in Vietnam, India and Australia.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">In a related development, AC Energy stipulated
that the executive committee of its board also earmarked capital expenditure
(capex) for its two major RE projects in the Philippines – the 288MW solar
project in Buguey and Lal-lo in Cagayan province; and the 275MW expansion of
its Gigasol Palauig solar farm venture in Zambales province.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">The first 63MW Gigasol Palauig solar facility
reached commercial operations in April this year and it is now feeding its
generated electricity to the Luzon grid.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">That particular project was funneled with an
investment of P2.39 billion; and as stated by ACEN, the scale of its
electricity generation could top more than 90 million kilowatt-hours.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Apart from the completed projects in the
Philippines, AC Energy has operating RE facilities also in Vietnam and India;
while its 720MWac New England solar farm venture in Australia is ongoing.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">The Ayala company is widely perceived as the
most vigorous player in the Philippine RE sector to-date, given the left and
right project completions that it has been concretizing in recent months – and
the capacities of these plants have also been reinforcing power supply,
especially in the Luzon grid.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Beyond its shores, AC Energy is casting a prime
goal to become the biggest listed RE player in Southeast Asia – and it is
eyeing to have that accomplished along with its 5,000MW capacity buildup
target. ###</span></p>
</section>SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-24928513941504867372021-09-03T10:34:00.004+08:002021-09-03T10:34:24.543+08:00Batanes gets wind energy system <p> <!--[if gte mso 9]><xml>
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</p><p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">By The Manila Times August 28, 2021 </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><a href="https://www.manilatimes.net/2021/08/28/business/green-industries/batanes-gets-wind-energy-system/1812576">https://www.manilatimes.net/2021/08/28/business/green-industries/batanes-gets-wind-energy-system/1812576</a></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">CHALLENERGY, a Japanese startup
company headquartered in Tokyo, has installed a 10-kilowatt Magnus Vertical Axis
Wind Turbine in Batanes that will add power to the island's existing microgrid.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The inauguration ceremony for the
wind turbine was attended by Batanes Gov. Marilou Cayco; Basco Mayor Demetrius
Paul Narag; Challenergy founder and Chief Executive Officer (CEO) Atsushi
Shimizu; and Challenergy Philippines CEO Paul Michael Robles. Japanese
Ambassador to the Philippines Kazuhiko Koshikawa participated online in the
inauguration ceremony</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">"The newly installed system was
made possible with funding support from the government of Japan. Challenergy
started working on the Batanes project in 2019. Despite the challenges brought
on by the pandemic, its construction works were completed from April to August
of this year," the Japanese Embassy said in a statement.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Challenergy's new wind turbine
operates even in strong winds and promises a new energy opportunity for places with
high wind potential but hindered by the risk of typhoons.<b><span style="color: white;"></span></b></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">"The microgrid system utilizing
this technology is expected to contribute to the improvement of energy access
even during typhoons and to the betterment of livelihood of the people of the
Philippines," the embassy added.</span></p>
SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-73648262255553298552021-09-03T10:34:00.000+08:002021-09-03T10:34:00.201+08:00Cusi assures enough power supply for polls By Eireene Jairee Gomez August 28, 2021 <br /><a href="https://www.manilatimes.net/2021/08/28/business/top-business/cusi-assures-enough-power-supply-for-polls/1812635">https://www.manilatimes.net/2021/08/28/business/top-business/cusi-assures-enough-power-supply-for-polls/1812635</a> <br /><br /> ENERGY Secretary Alfonso Cusi on Friday reaffirmed that there is enough power supply for May 2022 elections while the power shortage issues in Mindoro expected to be fully addressed within a month. <br /><br />"We can refer to the PEP (Philippine Energy Plan) and included in that is the demand and supply outlook where we are not only looking at election time. What we stated there is there is enough power (during the May 2022 elections)," Cusi said in a virtual press briefing. <br /><br />Cusi traveled to Mindoro to personally resolve the rotating brownouts plaguing the island province. <br /><br />He brought with him key officials of the National Power Corp. (NPC), National Electrification Administration (NEA) and National Transmission Corp. (Transco) in Mindoro to address the power problems in the entire province being served by the electric cooperatives, Oriental Mindoro Electric Cooperative (Ormeco), Occidental Mindoro Electric Cooperative (Omeco) and Lubang Electric Cooperative (Lubeco). <br /><br />Last week, Energy Undersecretary Felix William Fuentebella also said that based on the outlook by the Department of Energy (DoE), there is "sufficiency of supply, with no yellow alerts, and no power interruptions" during the May 2022 polls, considering the initial base case scenario. <br /><br />Cusi said he is expecting to address the power shortage problems within a month. <br /><br />"We are making sure the island grid, the island provinces, are also taken care of. I brought (with me) here the offices of national government - NPC and NEA - to address the off-grid requirements of our island provinces," Cusi said. <br /><br /> Prior the briefing, Cusi had a meeting with officials of Ormeco. He is also meeting with Omeco and Lubeco officials to address the power situation in the provinces. <br /><br />In the case of Occidental Mindoro, served by Omeco, Cusi said the DoE has addressed the province's power supply with an additional 4-megawatt (MW) capacity that eased its supply concerns. <br /><br />Currently, the DoE is looking into the possibility of looping the power systems of Ormeco and Omeco "so the entire island will have a solution" to its power supply woes. <br /><br />Cusi also bared that he has given the NPC, also knows as Napocor, a deadline to solve the 25-MW power supply shortage of Ormeco. <br /><br />"Mindoro can expect an improved power service by September 30," the Energy chief said. <br /><br />Cusi said the Mindoro visit is part of the DoE's efforts to make sure the department can achieve its goal to provide 100-percent electrification by 2022. <br /><br />"We are ensuring that household electrification is expedited. That's why we are visiting provinces in off-grid areas. We are making sure the commitment of this administration is met when our term ends in June (2022)," he stressed. <br /><br />"We need to work together in addressing the total electrification program," Cusi added, as he directed the national agencies and the electric cooperatives to address the electrification issue for the consumers of Mindoro. <br /><br />Lastly, the DoE reassured the public of adequate power supply despite the scheduled preventive maintenance of the gas field from October 2 to 22 this year. <br /><br />"As far as the months of September, October - even up to February (next year) - we have sufficient power, we have more than enough reserves," said Fuentebella, who took over the briefing as Cusi had to attend to another meeting. SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-8392817001920778762021-08-27T09:24:00.010+08:002021-08-27T09:24:56.484+08:00ERC urges NGCP to pursue public offeringDanessa Rivera - The Philippine Star August 27, 2021 | 12:00am <br /><a href="https://www.philstar.com/business/2021/08/27/2122844/erc-urges-ngcp-pursue-public-offering">https://www.philstar.com/business/2021/08/27/2122844/erc-urges-ngcp-pursue-public-offering</a> <br /><br /> MANILA, Philippines — The Energy Regulatory Commission (ERC) said the National Grid Corp. of the Philippines (NGCP) can pursue public offering by any mode as long as it meets the public listing requirement under its franchise by November. <br /><br />In a disclosure to the Philippine Stock Exchange yesterday, Synergy Grid and Development Philippines Inc. (SGP) – which indirectly owns majority of NGCP – said the power regulator granted its motion for clarification whether the grid operator can comply with the listing and public offering requirement under the alternative mode of compliance. <br /><br />“NGCP can undertake public listing or in substitution submit proof of the listing of any company in the (exchange) which owns or controls at least 30 percent of its outstanding capital stock, as these manners of compliance are expressly provided under RA 9511,” said the disclosure, quoting the ERC order. <br /><br />In the dispositive portion of the order, the ERC said NGCP’s compliance with the dispersal of ownership requirement would be determined based on Section 8 of Republic Act 9511 or NGCP’s franchise. <br /><br />The power regulator also said its order “should not be taken as allowing or prohibiting any mode of ownership dispersal allowed under the law to be undertaken by NGCP as this was not made an issue in the entire proceedings.” <br /><br />Moreover, the order said the deadline for the six-month extension period granted by the ERC is on Nov. 14. <br /><br />Sought for comment, ERC commissioner Floresinda Digal said the clarification issued by the commission only directs NGCP to comply with the public offer requirement within the set deadline which ever route they may take, and that its submission for compliance would be deliberated upon by the ERC. 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</p><p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Louise Maureen Simeon - The Philippine
Star <span style="mso-spacerun: yes;"> </span>August 27, 2021 | 12:00am</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><a href="https://www.philstar.com/business/2021/08/27/2122832/green-group-wants-clearer-adb-plan-coal-output">https://www.philstar.com/business/2021/08/27/2122832/green-group-wants-clearer-adb-plan-coal-output</a></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">MANILA, Philippines — The Asian
Development Bank (ADB) should clarify its plan to establish a carbon reduction
facility that would buy and operate existing coal-fired power plants even as it
committed to exit coal financing.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Center for Energy, Ecology, and
Development (CEED) urged the Manila-based multilateral lender to clear up on
its plan on the coal buyout scheme.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">ADB said it would pursue a scheme to
buy out coal power plants and wind them down within 15 years to allow countries
to shift to renewable energy.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">ADB has allocated $1.7 million to
conduct feasibility studies on the cost of early closures of coal plants.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Just three months ago, ADB said it
would no longer finance any coal mining, oil, and natural gas field
exploration, drilling, or extraction activities.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">“When ADB made an announcement in
May, we welcomed it as recognition of the bank’s obligation to atone for having
fueled massive coal expansion in Asia in decades past,” CEED executive director
Gerry Arances said.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Sought for comment, ADB said
“details are still being hammered out” adding that it would be in a better
position to discuss the matter around October during the United Nations Climate
Change Conference (COP26).</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Further, CEED maintained that a
15-year period would mean more years of exposure to inefficient and
pollution-causing coal plants.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The research institution also
questioned the bank’s decision to work with finance institutions still channeling
financial support to the coal industry.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The group said it would continue to
engage with the bank on its energy development directions.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">“The immediate and just phase-out of
coal and transition to clean and affordable energy from renewables in climate-vulnerable
Philippines and the rest of Asia must be ADB’s priority in all its energy
related initiatives,” Arances said.</span></p>
SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-59747543860324484292021-08-27T09:23:00.010+08:002021-08-27T09:23:56.635+08:00Brownouts and a blame game<p> <!--[if gte mso 9]><xml>
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</p><p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Rey
Gamboa - The Philippine Star <span id="pub-dis">August 27, 2021 | 12:00am</span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"><a href="https://www.philstar.com/business/2021/08/27/2122839/brownouts-and-blame-game">https://www.philstar.com/business/2021/08/27/2122839/brownouts-and-blame-game</a></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"> </span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">The buzz about brownouts these days has more to
do with the coming 2022 May elections, an understandably and legitimate concern
of Filipinos who fear of poll results manipulation should there be an erratic
power supply situation in the country.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Overlooked, though, in the midst of this
buildup of political keenness, is the likely return of brownouts because the
economy is moving to a more normal gearing despite the coronavirus’ efforts to
stay alive while the world is trying to smother it through vaccinations.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">We, as a nation, have learned so much these
past 15 months going through what is regarded as one of the harshest lockdowns
imposed by a government on its people. Now, local governments have become adept
at adopting granular lockdowns to as small as a household.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">
Vaccines, subject to the arrival of supplies, are quickly dispensed into the
arms of more people who wish to be protected from severe illness and
hospitalization caused by the virus, and to continue working and bringing home
money.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Thus, even as this more deadly Delta variant is
raging, there is scope that this lockdown – and future ones – will be focused
on smaller areas and shorter. Compared to last year, more people are now able
to continue working or can expect to return to work in the next few weeks.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">
This latest lockdown may trigger another downward revision in GDP forecast, but
its length will likely not drag on for a year. The incoming “ber” months,
hopefully, will allow our daily wage workers to eke out a living and look
forward to a less dreary Christmas celebration.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"> </span></p>
<h2 style="line-height: normal; margin-top: 0in; text-align: justify;"><strong><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 10.0pt;">Severe
pressure</span></strong><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 10.0pt;"></span></h2>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">That said, the country’s power generation
sector will be under severe pressure to meet a renewed robust demand for
electricity in the coming months as more manufacturing and commercial
establishments return to normal operations.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">The onus will be, as the Department of Energy
(DOE) puts it, on the private sector owners and operators of power plants,
especially those that are amiss in implementing maintenance and backup measures
to prevent unplanned power plant shutdowns.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">The summer of 2020 was a first in many years
when no rotational brownouts were called, largely because of the non-operation
of many manufacturing and commercial businesses due to the COVID-19 lockdown.
This year, however, as the demand for electricity started to rise, with
lockdowns easing and the economy reopening, a number of red flags were raised
signaling power interruptions.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">The brownouts that happened from May 31 to June
2 were subjected to legislative questioning, and blame was heaped on the
National Grid Corporation of the Philippines (NGCP), a privately owned company
that owns the franchise to operate the country’s state-owned power grid.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"> </span></p>
<h2 style="line-height: normal; margin-top: 0in; text-align: justify;"><strong><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 10.0pt;">Who’s
at fault?</span></strong><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 10.0pt;"></span></h2>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">In the ensuing blame game, the DOE accused the
NGCP of not securing the necessary ancillary services to serve as a back-up
power source in the event of unplanned power plant outages. The NGCP, created
in 2009 by law, took over many of the functions of the National Power Corp.
before the government deregulated the power sector.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">The DOE said that it has repeatedly asked NGCP
to secure the ancillary services with power suppliers through firm contracts to
bind them in delivering top-up supply whenever needed, especially when
unexpected power generating plant shutdowns occur.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Without such firm contracts, suppliers can opt
to refuse to sell their power to NGCP, and instead divert excess electricity to
the wholesale electricity spot market, often at a high price because of a
demand surge created when a base load generating plant goes off grid.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Last month, the NGCP sent the DOE a letter
seeking for clarification on the DOE directive requiring the conversion of
non-firm supply contracts to firm contracts which hopefully will be resolved
soonest to avert another round of future outages.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Separately, the DOE also accused the NGCP of
delaying its required submission of a grid operations and maintenance program
(GOMP), which contains the schedule of maintenance and planned outages by power
plants as required by a departmental policy.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">The NGCP countered that the delays in the GOMP
submission for 2020 were caused by needed clarifications from the DOE. It
added, however, that the GOMP for 2021 to 2023 had already been submitted to
the energy department for approval.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Clearly, these blame exchanges need to be
resolved to avoid future brownouts.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;"> </span></p>
<h2 style="line-height: normal; margin-top: 0in; text-align: justify;"><strong><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 10.0pt;">DOE
initiatives</span></strong><span style="color: windowtext; font-family: "Arial",sans-serif; font-size: 10.0pt;"></span></h2>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">For now, the DOE is banking on other measures
to shore up power reserves. One will be to link more than 2,000 megawatts of
stranded capacity in the Luzon grid to the transmission grid through new
investments in appropriate power lines.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Energy Secretary Alfonso Cusi is also banking
on the increased contribution of renewable energy (RE) to the current power
supply mix, especially since solar and wind technologies have become
competitive to coal and diesel fuel sources.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Efforts are, likewise, being exerted to speed
up the construction of more terminals that will receive imported liquefied
natural gas (LNG) to substitute for that which is pumped from the Malampaya natural
gas fields which is reaching its end-life.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">All the above DOE initiatives are not without
their unique challenges, especially since many charter new frontiers that were
never even imagined two decades ago when the government decided to privatize
the electric power sector.</span></p>
<p style="margin: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt;">Even if the transfer from state hands to a
deregulated environment has been slow and continues to be impeded by kinks, the
power industry today is definitely on better keeling than it was before. Many
may have already forgotten those days when daily brownouts disrupted our meals
and sleep, and threatened to bring the whole economy to its knees.</span></p>
SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-41902243306577192282021-08-27T09:23:00.006+08:002021-08-27T09:23:33.045+08:00Aboitiz to build transmission poles in Batangas <p> <!--[if gte mso 9]><xml>
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<w:LsdException Locked="false" Priority="9" SemiHidden="true"
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<w:LsdException Locked="false" Priority="9" SemiHidden="true"
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<w:LsdException Locked="false" Priority="9" SemiHidden="true"
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<w:LsdException Locked="false" Priority="9" SemiHidden="true"
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<w:LsdException Locked="false" Priority="9" SemiHidden="true"
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<w:LsdException Locked="false" Priority="9" SemiHidden="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" Priority="39" SemiHidden="true"
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<w:LsdException Locked="false" Priority="39" SemiHidden="true"
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<w:LsdException Locked="false" Priority="39" SemiHidden="true"
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<w:LsdException Locked="false" Priority="39" SemiHidden="true"
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<w:LsdException Locked="false" Priority="39" SemiHidden="true"
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<w:LsdException Locked="false" Priority="39" SemiHidden="true"
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<w:LsdException Locked="false" Priority="39" SemiHidden="true"
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<w:LsdException Locked="false" Priority="39" SemiHidden="true"
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<w:LsdException Locked="false" Priority="39" SemiHidden="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" Priority="35" SemiHidden="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"/>
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
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<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
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<w:LsdException Locked="false" Priority="30" QFormat="true"
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<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
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<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
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<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
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<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
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<w:LsdException Locked="false" Priority="21" QFormat="true"
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<w:LsdException Locked="false" Priority="31" QFormat="true"
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<w:LsdException Locked="false" Priority="32" QFormat="true"
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<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
UnhideWhenUsed="true" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/>
<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
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</p><p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">By Anna Leah E. Gonzales August 27,
2021 </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><a href="https://www.manilatimes.net/2021/08/27/business/top-business/aboitiz-to-build-transmission-poles-in-batangas/1812504">https://www.manilatimes.net/2021/08/27/business/top-business/aboitiz-to-build-transmission-poles-in-batangas/1812504</a></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">ABOITIZ Construction partnered with Lima
Enerzone to construct overhead transmission poles in Lipa City and Malvar in
Batangas to help stabilize power supply in the area.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">In a statement on Thursday, Aboitiz
said construction of the transmission poles will start in November and expected
to be completed in six months.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The transmission poles will support
69-kiloVolt (KV) power lines that will supply power to businesses located in a
170-hectare Light Industry Science Park (LISP 4) and residential areas in a
212-hectare Pueblo de Oro in Malvar.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Lima Enerzone is a power distributor
under AboitizPower Corporation that operates the distribution system of Lima
Land, Inc. a Philippine Economic Zone Authority-registered economic zone in the
Lipa City to Malvar area.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">"In line with our mission to
help businesses to thrive, Aboitiz Construction commits to deliver a quality
and safe project for Lima Enerzone. Through this partnership, we aim to
contribute to economic growth in Batangas by powering businesses and
homes," said Levi Agoncillo, Aboitiz Construction's Vice President for
Business Development, Tender Planning, Engineering, and Design.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Aboitiz Construction will handle the
demolition and restoration of affected structures for the construction of the
foundations and erections of steel poles. Cable stringing, clipping, and
armoring will also be part of the transmission poles project.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Once completed, this project will
provide a steady and reliable power supply in LISP 4 in order to support
business operations, industries, and local services in the area.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Aboitiz said the project is part its
initiative to enhance power delivery in Lipa City, Malvar, and surrounding
areas, including Lima Technology Center through a partnership between Aboitiz
Construction and Lima Enerzone.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Last January 2019, Aboitiz
Construction commenced the design and construction of the 69-kV overhead
transmission line project, which is expected to be completed this year.</span></p>
SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-34483009120814589572021-08-27T09:23:00.002+08:002021-08-27T09:23:13.764+08:00PSALM sells Malaya power plant <p> <!--[if gte mso 9]><xml>
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Name="Body Text 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Block Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="FollowedHyperlink"/>
<w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Document Map"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Plain Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="E-mail Signature"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Top of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Bottom of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal (Web)"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Acronym"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Cite"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Code"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Definition"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Keyboard"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Preformatted"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Sample"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Typewriter"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Variable"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Table"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation subject"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="No List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Contemporary"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Elegant"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Professional"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Balloon Text"/>
<w:LsdException Locked="false" Priority="39" Name="Table Grid"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Theme"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" QFormat="true"
Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" QFormat="true"
Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" QFormat="true"
Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" QFormat="true"
Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" QFormat="true"
Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
UnhideWhenUsed="true" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/>
<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
<w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 6"/>
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</p><p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">By Faye Almazan August 27, 2021 </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><a href="https://www.manilatimes.net/2021/08/27/business/corporate-news/psalm-sells-malaya-power-plant/1812507">https://www.manilatimes.net/2021/08/27/business/corporate-news/psalm-sells-malaya-power-plant/1812507</a></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">THE Power Sector Assets and Liabilities
Management Corp. (<a href="https://www.manilatimes.net/topic?eid=34576&ename=Psalm&lang=en"><span style="color: windowtext; text-decoration: none; text-underline: none;">Psalm</span></a>)
on Wednesday received P3.12 billion from Belgrove Power Corp. for the purchase
of the 650-megawatt Malaya Thermal Power Plant (MTPP).</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">In a statement, Psalm said it also
received P1.06 billion from Belgrove for the payment of the remaining fuel
inventory in MTPP.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">"In view of the receipt of said
amounts, Psalm and Belgrove executed the Deed of Absolute Sale concluding the
sale transaction for the MTPP and its land," PSALM explained.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Psalm President and Chief Executive
Officer Irene Besido Garcia said the completion of the sale of the power plant
marks a "major milestone" in the institution's history as it has been
trying to privatize the asset for several years.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Psalm noted that the purchase price
paid by Belgrove is substantially higher than the minimum bid price set by its
board, which was at P1.85 billion.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Garcia said the almost P4.19-billion
payment will be used by Psalm to "settle the remaining financial
obligations that Psalm absorbed from the National Power Corp."</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Meanwhile, the completion of the
transaction now authorizes Belgrove to conduct an extensive assessment of MTPP
and pursue all its plans for the plant.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">"We at Belgrove are very
excited to operate the Malaya Power Plant. We intend to undertake the necessary
repairs as soon as possible so that the Malaya Power Plant can resume
operations," Joseph Omar Castillo, who spoke on behalf of Belgrove, was
quoted as saying.</span></p>
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to supply electricity to the Luzon grid and help ensure sufficient electricity
supply in anticipation of the national elections next year.</span></p>
SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-48120352058997595652021-08-27T09:22:00.003+08:002021-08-27T09:22:53.291+08:00ACEN expands solar capacity<p> <!--[if gte mso 9]><xml>
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</p><p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Danessa Rivera - The Philippine Star
August 27, 2021 | 12:00am</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><a href="https://www.philstar.com/business/2021/08/27/2122843/acen-expands-solar-capacity">https://www.philstar.com/business/2021/08/27/2122843/acen-expands-solar-capacity</a></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">MANILA, Philippines — AC Energy
Corp. (ACEN) is expanding its solar capacity with a partnership with the
Singapore unit of German ib vogt.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">In a disclosure to the Philippine
Stock Exchange yesterday, ACEN said its executive committee cleared the
company’s plan to enter into a joint venture with ib vogt Singapore Pte Ltd.
for the development of solar projects in the Philippines.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">With the approval, the Ayala power
firm is looking to develop an initial of 300 MW-dc with ib vogt Singapore.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">ib vogt Singapore is an affiliate of
ib vogt GmbH, a German company focused on developing and delivering
high-quality large-scale turnkey photovoltaic plants worldwide.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Meanwhile, the executive committee
also approved the setting of capital expenditure budgets for ACEN’s proposed
288-MW solar project in Buguey and Lal-lo, Cagayan and for the proposed 275-MW
expansion of the Gigasol Palauig solar project in Zambales.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The first phase of the Gigasol
Palauig solar farm, with a capacity of 63 MW, commenced operations last April
27.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">ACEN’s executive committee also
approved the appointment of John Philip Orbeta as the company’s chief
administrative officer and chief human resources officer effective Oct. 1.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">He will replace Peter Buenaseda, who
resigned effective Sept. 30.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">With the reassignment, Orbeta will
cease to be the CHRO of Ayala Corp. as of said date but will remain as one of
its managing directors.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">ACEN continues to invest in
renewables and aggressively expand its presence in the country and across the
region to reach its goal of 5,000 MW of renewables capacity by 2025.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">In scaling up its renewable energy
(RE) portfolio, solar is one of the technologies ACEN is heavily focused
locally and overseas as it eyes to play a leading role in energy transition and
green-led recovery.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Of its robust 12,000-MW RE pipeline,
majority are solar and wind projects. The largest chunk, or around 5,200 MW, is
in Australia, followed by the Philippines with 3,400 MW, Vietnam with 2,400 MW
and in India and other Asia-Pacific countries with 900 MW.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">ACEN, the energy platform of Ayala
Corp., is one of the fastest growing energy companies with over $1 billion of
invested and committed equity in renewable and thermal energy in the
Philippines and around the region.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The company has over 2,600 MW of
attributable capacity in the Philippines, Vietnam, Indonesia, India and
Australia. The company’s renewable share of capacity is at 80 percent, among
the highest in the region.</span></p>
SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-7507121912550308852021-08-27T09:21:00.001+08:002021-08-27T09:21:10.985+08:00First Gen launches online ESG platform<br /><br /> <br />Danessa Rivera - The Philippine Star August 27, 2021 | 12:00am <br /><a href="https://www.philstar.com/business/2021/08/27/2122833/first-gen-launches-online-esg-platform">https://www.philstar.com/business/2021/08/27/2122833/first-gen-launches-online-esg-platform</a> <br /><br /> MANILA, Philippines — Lopez-led First Gen Corp. launched an online environment, social and governance (ESG) platform which lays down its approach to sustainability to attract investors who prefer stocks with strong ESG commitments. <br /><br />“We are pleased to announce the launch of online ESG profile. By pioneering this effort, we are early adopters of a transparent, comprehensive, and real time platform to share our company wide ESG commitments. While this summarizes our ESG efforts, we also plan to use this as a tool to benchmark against international best practices,” First Gen finance vice president and investor relations (IR) department head Valerie Dy Sun-Lim said in a statement. <br /><br />The online ESG profile supports the Lopez group’s newly crafted mission of “forging collaborative pathways for a decarbonized and regenerative future,” she said. <br /><br />Apart from providing insightful and easily accessible information on the positive impact it has across the three ESG areas, the profile captures the group’s strategic journey towards regeneration and its commitment to all its stakeholders. <br /><br />This profile allows stakeholders to conveniently review and stay in touch with First Gen’s rapidly evolving ESG practices. <br /><br />“As ESG standards gain stronger traction globally, we acknowledge the need for greater transparency and easier access to companies’ ESG-related information. This initiative is a collaborative effort across the business, including our external partner, Churchgate Partners,” Dy Sun-Lim said. <br /><br />Churchgate Partners is an international IR firm providing market analysis and communication solutions across global capital markets through ESG World, an online proprietary platform it developed. <br /><br />“The profile succinctly captures the multiple ESG touch points being implemented across the firm, management’s commitment to long-term sustainability and the highly impactful nature of the underlying business as a clean fuel independent power producer,” Churchgate Partners chairman Sumir Bhardwaj said. <br /><br />First Gen is a leading independent power producer in the Philippines that primarily utilizes clean and indigenous fuels such as natural gas, geothermal energy from steam, hydro-electric, wind, and solar power. <br /><br />It has 3,495 megawatts (MW) of installed capacity in its portfolio, which account for 19 percent of the country’s gross generation. <br /><br />First Gen is a subsidiary of Lopez holding firm First Philippine Holdings Corp., one of the most established conglomerates in the Philippines, and has over 20 years of experience in power development. SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0tag:blogger.com,1999:blog-2004544022689551129.post-66106785056304522352021-06-04T10:47:00.003+08:002021-06-04T10:47:19.019+08:00Power failureBoo Chanco June 4, 2021 - 12:00am <br /><a href="https://www.philstar.com/business/2021/06/04/2102904/power-failure">https://www.philstar.com/business/2021/06/04/2102904/power-failure</a> <br /><br />It’s like Nero fiddling while Rome was burning. The energy secretary was in Cebu playing politics while the Luzon grid was suffering power brownouts. <br /><br />Assuring power supply stability is the energy secretary’s main responsibility. And he failed. Worst part is, the problem could have been predicted if DOE was doing its job. <br /><br />Due to DOE negligence, it caught people by surprise. The inconvenience of a power failure during one of the hottest summers we have experienced made many angry at the Duterte administration. <br /><br />Here is how my friend, Lito Madrasto, puts it in his Facebook post: <br /><br />“Recurring brownouts in the NCR+? What’s going on? Electricity demand at this time is down! Schools are closed! Movie houses are closed! Majority of offices are closed! Most shops in malls are still closed! Majority of resorts are still closed! <br /><br />“Restaurants are partially open! Even churches, mosques, and other places of worship are partially opened! Only hospitals are full! Only upper- and middle-class homes are using air conditioners! <br /><br />“So why is there a power shortage? <br /><br />“What’s going on?” <br /><br />People working from home had a very unproductive day. Many are now being called to work at their offices because they have generators there. Never mind if they are in danger of catching COVID through central air conditioning systems not yet retrofitted to deal with aerosol infection of the virus. <br /><br />During a recent hearing of the Joint Congressional Energy Commission, lawmakers repeatedly asked DOE officials if there would be brownouts or blackouts this June. <br /><br />“Sa ngayon po wala tayong nakikitang high risk na magkakaroon tayo ng shortage,” Secretary Alfonso Cusi assured. <br /><br />Mario Marasigan, director of the DOE’s Electric Power Industry Management Bureau, said Luzon is not expected to hit the peak demand of 11,841 megawatts. But he didn’t provide for forced plant outages. <br /><br />Sen. Win Gatchalian complained in a tweet: “The committee was assured by the DOE that no brownouts will happen given that the country is in a delicate stage of its vaccine roll out. They should explain why their projections are off! They are the sole agency tasked to assure the public of the constant flow of electricity to homes.” <br /><br />NGCP implemented a rotational supply interruption or manual load dropping (MLD) – the standard procedure during a red alert – starting at 1:11 pm last Monday. Supply was iffy this whole week and will be into next. Three large power plants are offline, contributing to the tight supply. <br /><br />Sources in the power industry blame NGCP for the problem. They claim NGCP is not buying enough power for ancillary supply. NGCP’s total contingency reserve supply had been about 50 percent below what is required. <br /><br />Last April 24, the energy department issued a press release pointing out that for the past two years, they have been reminding the NGCP of its obligation to provide sufficient levels of ancillary services (AS) or power reserves, as provided in a department circular. <br /><br />DOE complained that “the NGCP is consistent on not complying with its responsibility with the firm contracting requirement. The NGCP has been dragging its feet by pursuing insufficient capacity and even opting an unreliable contracting of ‘non-firm’ AS Procurement Agreements (ASPAs),” Secretary Cusi said. <br /><br />So, DOE ordered NGCP to renegotiate its existing non-firm contracts and comply with the 100 percent firm AS requirement. But as of December 2020, the NGCP’s level of firm contracted AS are still way below the mandated requirement as approved by the Energy Regulatory Commission. <br /><br />It would seem, by ignoring the DOE order, NGCP is sacrificing grid stability for greater profits. Never mind that the company is already so profitable it is virtually printing money. <br /><br />But why is DOE walking on eggshells and unable to enforce its orders? Are they worried about displeasing the Chinese minority equity holders in NGCP? <br /><br />This gives power failure a new meaning: failure to use the power of government in the public interest. Why? <br /><br />There is another problem begging to be addressed. Many of our large baseload power plants are about 30 years old. These were built as a reaction to the power crisis during the last years of the Cory administration. <br /><br />Many of these old plants are also not being maintained as well as they ought to be. Perhaps it is a question of lack of incentives to spend on ageing plants. The result is forced outages and prolonged outages. One of the Sual coal fired plants is a good example. <br /><br />With supply and demand balance at critical levels, we should be building new plants. Or how can we meet the demands of a tiger economy we are hoping will emerge from the ashes of this pandemic? <br /><br />As it is now, stringent primary and secondary market price caps distort the market and discourage investment in dispatchable peaking capacity. In other countries, market price caps are a lot higher, resulting in real price signals for new investment. <br /><br />Industry sources also tell me that there ought to be prioritization of ancillary reserves for grid stability. If AS requirements are fully served, the true condition of the demand/supply margin is seen way ahead and investments will follow. <br /><br />“New investments are slow moving because you are beholden to the demands of the distribution utility and the energy commission. The acceleration of an energy forwards market can help build confidence for new investment. <br /><br />“In simple terms… government controlling a little, ERC delaying, government not implementing reserve requirements… The usual…” <br /><br />Of course, there are many things we want to do about our power supply. We want to have more renewable sources. We want competitive power pricing to make our industry regionally competitive. We want to protect the ordinary consumer. <br /><br />But the big elephant in the room is: how much energy capacity do we need for the next 20 to 30 years and how will we be able to make that capacity available? <br /><br />Given the time it takes to build a power plant, it will be too late to do anything soon enough. And we go through another power crisis, putting economic growth in jeopardy all over again. We can’t be that stupid. Or are we? SMPC - PMCOhttp://www.blogger.com/profile/04840942626670917844noreply@blogger.com0