TUESDAY, 08 FEBRUARY 2011 21:49 PAUL ANTHONY A. ISLA / REPORTER
IN the face of the predicted shortage of electricity in the near future, a number of foreign companies are now looking at the possibility of setting up coal and hydropower plants in the country, the Department of Energy (DOE) reported on Tuesday.
“There are about six companies from China, Korea and Japan that have already been doing due diligence in the country. These companies are keen in investing and putting up coal and hydropower projects in the country,” Energy Secretary Jose Rene Almendras told the House Committee on Energy in a hearing.
He added these prospective investors are new ones and their proposed projects will be their first entry into the country’s power sector, but declined to identify them in the meantime except one, HydroChina.
Almendras said these companies are also waiting for the amendment of the Electric Power Industry Reform Act (Epira) to know better the business conditions in the power sector before fully committing.
Other possible turn-off issues are the pending real property tax case of the 700-megawatt Pagbilao coal facility in Quezon, the inability of cash-strapped electric cooperatives to pay power companies and the inconsistencies in government policies.
Almendras asserted, however, the investment climate is already favorable, while conceding there are still some gray areas. “There is still fear about inconsistencies of policies. I just came from Japan and we had a very good roadshow. We were successful in showing them that there are opportunities. However, the assurance that they are looking for is consistency of policy, consistency in implementing.”
The government targets a total $40.6 billion or P1.827.19 trillion in energy projects until 2030 in anticipation of the foreseen energy shortage---a likely gap that, Almendras said, he told the prospective investors to show they can meet.
The International Monetary Fund (IMF) and other financial institutions earlier projected a Philippine GDP rise of 5 percent this year that indicates a strong economy that will need increasing amounts of energy.
“It is estimated that the population will be 95 million this year, which translates to a big market for electricity and other power-related projects. We therefore encourage the companies to present new projects to serve the growing needs of the country,” Almendras further told the House committee.
In his presentation, Almendras said that Luzon will need 11,900 megawatts (mW), Visayas about 2150 mW, and Mindanao around 2500 mW until 2030.
AS ELECTRICITY IS THE BLOOD LINE FOR ANY INDUSTRIES, THE JPI FUEL TECH IS NOW IN THE PROCESS OF PRODUCING THE FIRST EVER MOBILE TYPE MINI THERMAL POWER PLANT (0.2MW) EXCLUSIVE RUN BY THE JPI FUEL PRODUCT AS THE ANSWER TO THE EVER GROWING DEMAND AND INCREASE IN PRICE FELT ALL OVER THE WORLD.THE MINI PLANT CAN BE INSTALL ON A GARAGE OR TO HOME BACKYARD, IT IS A DECENTRALIZED SYSTEM THAT DO NOT RELY ON GRID. THE WORLD NEEDS 120 MILLION UNIT OF THIS KIND IN ORDER TO ELECTRIFY THE WORLD. IT CAN BE ACHIEVE ON FIVE YEAR TIME. IT CAN CUT ELECTRIC BILL BY 50% AS COMPARED TO COAL, SYSTEM IS ENVIRONMENTAL FRIENDLY.
ReplyDeleteTHE PROBLEM ON COAL IS ITS EMISSION, IT EMITS 25 BILLION METRIC TONS OF CO2 YEARLY THE REAL CAUSE OF CLIMATE CHANGE THAT NOW BEGINS TO RUIN THE PLANET EARTH, AND ON WORST THE CARBON CAPTURE SYSTEM (CLEAN COAL TECHNOLOGY ) IN ORDER THAT COAL EMITS WHITE SMOKE NOT SUPPER BLACK, A NEED OF ADDITIONAL BILLION METRIC TONS OF PULVERIZE LIME STONE IS ADDED AT THE CHIMNEY (PULVERIZED LIME IS 60% KEY COMPONENT IN THE PRODUCTION OF CEMENT)OR OTHER WISE WE ARE NOW CEMENTING OUR BLUE SKIES AND HARDER AIR TO BREATH WITH OR TO THE EXTEND THAT CRYSTALIZE LIME FORMS SOLID OBJECT BACK TO EARTH, THIS IS NOW THE CASE OF THE RUSSIAN INCIDENT THAT OUR SCIENTIST FAILED TO DETECT.
ReplyDeleteBUT ON ALL OF THIS THE JPI FUEL HAS THE FUEL TO REPLACE COAL, IT EMITS NEUTRAL CO2 AND CAN ENERGIZE ALL WORLD INDUSTRIES RUN BY COAL WITH EVERLASTING SUPPLY. ABOLITION OF THE FUEL COAL CAN BE ACHIEVE IN FIVE YEARS TIME. PROJECT IS A WASTE TO ENERGY, WORLD WASTE REFUSE IS 1656 BILLION METRIC TONS THAT STAY ROTTEN AND BEEN BURN YEARLY, WORLD INDUSTRY DEMAND RUN BY COAL IS 50 BILLION METRIC TONS YEARLY. RAW MATERIALS GROWS AT ITS OWN AND A NO NEED FOR DEDICATED ENERGY PLANTATION. IT IS A RENEWABLE ENERGY THE WORLD FAILS TO DISCOVER. HAVE USE , INVENTED THIS FUEL AND APPLIED IT TO A MINI THERMAL PLANT DURING MY STAY AT A LOGGING COMPANY WAY Back 1980.
WE ARE NOW INVITING POSSIBLE JOINT VENTURE , WE ARE STILL I\ON ITS INFANCY STAGE. OR TO APPLY ALL POSSIBLE LOAN to BFI/IFC RENEWABLE ENERGY FINANCING PROGRAM. due to magnitude of usage.
HOPE THAT ALL OF THIS WILL REACH THE ATTENTION OF OUR PRESIDENT BENIGNO AQUINO, FOR THIS IS THE ONLY SOLUTION TO MOVE OUR COUNTRY A GIANT STEP TOWARDS INDUSTRIALIZATION AND THE PHILIPPINES CONTRIBUTION IN SAVING THE PLANET EARTH CAUSE ABOUT BY THE FUEL COAL THAT EMITS 25 BILLION OF CO2 YEARLY THE CAUSE OF CLIMATE CHANGE THE WORLD FAILS TO SOLVE (COP-UNFCCC)
ReplyDeleteOUR COUNTRY HAS ONLY TWO MAJOR PROBLEM 1) UN-EMPLOYMENT 2) OUR DEPENDENCY ON IMPORTED FUEL. WE HAVE BOTH THAT SOLUTION, A REAL SOLUTION, ACHIEVABLE AND OF NO FALSE HOPE FOR EVERY FILIPINO.