Philippines to phase out coal in Mindanao | Asian Power
,Philippines
93 views

Philippines to phase out coal in Mindanao

The government is planning to convert most of the region’s energy into hydropower.

The Philippines is planning to acquire all the coal-fired power plants in Mindanao and convert them into renewable energy, according to its Department of Finance.

"We will acquire all coal-fired power plants in the region to repurpose them as we increase the capacity of renewable energy," Finance Assistant Secretary Paola Alvarez said.

Alvarez also said that they are currently in talks with Asian Development Bank (ADB) to begin the phase-out of coal power generation and further determine the resources needed to retire a meaningful share of coal power in the country.

Concrete details of the plan may not be announced until later in the third quarter this year.
 

Get Asian Power in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The plant’s 40-year license expires in 2025.
The company plans to go carbon neutral by 2050.
The plant will produce around 550 tons of hydrogen a year.
It plans to invest A$1b in renewables and low carbon energy.
Deadline for entries to the inaugural awards programme is on 24 September.
The shares were bought for $453m.
The power minister said energy transition is taking place at a rapid pace.
Newly appointed Daniel Westerman wants the grid to handle 100% renewable energy by 2025.
This is the company’s first venture into Korea's offshore wind market.
The PV farm has a 60 MWp capacity.
The project has an estimated cost of $100b.
The plant has a capacity of 4.75 GW and would be built in Gujarat, India.
The company plans to transition to low-carbon.
The government made the decision a year after the plant’s completion.