Philippines

This could mean that coal price risk will no longer be passed to end-users.

It could either build new plants or rehabilitate the 621MW Bataan project.

Power sector planners assumed that locking in coal would lead to a least-cost system.

It will fund the reinforcement of Kathmandu Valley’s supply system.

Its reliance on imported thermal coal has caused price surges for consumers.

Congress has approved a resolution against permitting new coal plants.

Banks are expected to provide transition plans in the next six months.

This is caused by lower power demand due to the pandemic.

It plans to expand its renewables capacity to 5GW by 2025.

The Aparri Bay and Guimaras Strait projects could produce over 1.2GW.

It previously inked a deal with Russia’s Rosatom for a pre-feasibility study.

The rapid drop in the cost of renewable energy is reshaping the world’s energy systems. Part and parcel of this shift, a new landscape is emerging among finance and power companies. Southeast Asian conglomerates such as Ayala are at the forefront.

The grid utility rejected inspections since 2017 even as operations are to be controlled by the Philippine government.

It bought a 67% stake in the wind farm for $53.16m.

The firms operate two solar farms with 80MW and 45MW capacity.

Manila Electric was the largest issuer in the region with 2.9GW procured from three tenders.