Business World Online
Posted on January 26, 2014 10:28:46 PM
THE GOVERNMENT is looking to launch an updated Philippine Energy Plan (PEP) by the end of the year to take into account developments such as industry capacity and climate change.
“We are hoping to launch in December because our target is to submit the plan to the Office of the President by September,” he added.
This would be the second revision of the PEP, which originally spanned 2009 to 2030.
“We are now reviewing the PEP 2012-2030, which was the last that we presented to the energy industry. We want to know what are the additional things to be done. We are also evaluating how we were able to implement the last PEP,” Mr. Tamang said.
The PEP will take into account existing generation capabilities and latest estimates on needed capacities to meet the country’s growing demand.
“We will provide update on the capacities we have and will need. Also the location and amount of investments needed,” Mr. Tamang said.
Given a spate of natural calamities “we are [also] going to factor in climate change adaptation programs for the energy sector so that we will be more resilient and in any situation, we will have energy supply.”
In December 2012, the Energy department announced that a total of P3.174 trillion worth of investments was required to develop the 11,400 megawatts (MW) of power needed to meet demand until 2030.
As of end-2011, the country only had 16,163 MW of installed capacity and another 1,766.7 MW was expected to come in via projects then in the pipeline.
“We are just updating and giving new inputs. But more or less, all the previous projects that have been introduced will be continuously implemented,” Mr. Tamang said.
The department, he said, is not looking at conducting annual PEP updates. This year’s revision, he added, will allow industry stakeholders to firm up their programs for the coming years. -- C. A. M. C. Feliciano source
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