Renewable Energy To Help Fill Power Gaps
Filed Under: Alternative energy
MANILA, Philippines - Tapping renewable energy resources is expected to help the government achieve its target of 100 percent barangay electrification within the year, according to Energy Secretary Angelo T. Reyes.
The Department of Energy, through the National Electrification Administration (NEA), aims to provide steady supply of power to all outlying communities by end-2009.
Of the 97,290 sitios nationwide, the government would need to provide power to 30,033 barangay units to achieve 100 percent electrification. The NEA and various electric cooperatives have already provided power to 67,257 communities.
The Renewable Energy Law and its Implementing Rules and Regulations will not only provide us with the means to energize off-grid areas, it will also allow us to inject necessary investments to keep the economy afloat, Reyes said.
The energy chief noted that utilization of renewable energy to electrify the remaining unsupplied areas served various purposes.
“First, we will be able to actually realize savings in the use of imported petroleum or coal for power generation; we won’t have to wait for power lines to come our way; and lastly, RE utilization will help us in saving the environment,” he said.
Among the challenges the NEA had to face in its electrification efforts were the “commercial viability of reaching off-grid areas or conflict-ridden areas; the operational viability of extending distribution utilities’ lines; concerns regarding the release of funds; and finally, the capacity development necessary to ensure that electric cooperatives implement their projects in a timely manner,” Reyes said.
He further urged companies to take part in this electrification effort, through more investments in the renewable energy sector.
“A rough summation of estimates places the renewable energy potential of the Philippines at an astounding 200,000 megawatts of electricity,” he said
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What a good news for an alternative energy in the philippines. A new source of Renewable energy in the Philippines in the future.
Showing posts with label renewable energy company. Show all posts
Showing posts with label renewable energy company. Show all posts
Wednesday, November 4, 2009
Ayala Corp still keen on renewable energy
Ayala Corp still keen on renewable energy
By Zinnia B. Dela Peña (The Philippine Star) Updated November 05, 2009 12:00 AM
MANILA, Philippines - Ayala Corp. remains interested in the renewable energy business as well as in highly extensive investments like mining, the company’s top officials said yesterday.
In a roundtable discussion with reporters, the conglomerate’s chairman and chief executive Jaime Augusto Zobel de Ayala said while the mining and power sectors remain attractive to them, the group’s commitment to sustainable development and innovation would play a stronger role and should have a greater impact on the decision-making process.
“There’s renewable power. We just can’t say we don’t want to venture into this industry because we need all these resources for the betterment of the people. There’s a better way of doing them. Our partners or the companies we plan to bring in are also demanding it,” he said.
He said the company is still open to exploring opportunities in the renewable energy business. “ That’s actually very interesting. It’s something we like to do if given an opportunity.”
Fernando Zobel de Ayala, Ayala Corp. president and chief operating officer, said the company’s goal of achieving sustainable development could have resulted in limited investment choices but believes those are “tough choices we need to make” to do business more responsibly.
The Ayalas have long been trying to enter the energy sector, particularly in clean and green energy. Earlier reports said they were interested in investing in the Lopez family’s geothermal crown jewel, Energy Development Corp. (EDC).
It was earlier reported that the conglomerate had long been trying to break into the energy sector, but did not want to acquire coal-fired power plants, which were the ones mostly on the government’s auction block.
Analysts said the Ayala Group is in a good position to acquire assets in a tough business environment. But unlike other moneyed groups, the conglomerate has just been very quiet and focusing on its existing businesses over the past years.
Today, it is one of the biggest, most respected, and most widely diversified conglomerates in the Philippines, with leadership positions in real estate development, banking and financial services, telecommunications, electronics and information technology, water infrastructure development and management, and car dealership.
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Good Future Investment for Renewable Energy in the Philippines
By Zinnia B. Dela Peña (The Philippine Star) Updated November 05, 2009 12:00 AM
MANILA, Philippines - Ayala Corp. remains interested in the renewable energy business as well as in highly extensive investments like mining, the company’s top officials said yesterday.
In a roundtable discussion with reporters, the conglomerate’s chairman and chief executive Jaime Augusto Zobel de Ayala said while the mining and power sectors remain attractive to them, the group’s commitment to sustainable development and innovation would play a stronger role and should have a greater impact on the decision-making process.
“There’s renewable power. We just can’t say we don’t want to venture into this industry because we need all these resources for the betterment of the people. There’s a better way of doing them. Our partners or the companies we plan to bring in are also demanding it,” he said.
He said the company is still open to exploring opportunities in the renewable energy business. “ That’s actually very interesting. It’s something we like to do if given an opportunity.”
Fernando Zobel de Ayala, Ayala Corp. president and chief operating officer, said the company’s goal of achieving sustainable development could have resulted in limited investment choices but believes those are “tough choices we need to make” to do business more responsibly.
The Ayalas have long been trying to enter the energy sector, particularly in clean and green energy. Earlier reports said they were interested in investing in the Lopez family’s geothermal crown jewel, Energy Development Corp. (EDC).
It was earlier reported that the conglomerate had long been trying to break into the energy sector, but did not want to acquire coal-fired power plants, which were the ones mostly on the government’s auction block.
Analysts said the Ayala Group is in a good position to acquire assets in a tough business environment. But unlike other moneyed groups, the conglomerate has just been very quiet and focusing on its existing businesses over the past years.
Today, it is one of the biggest, most respected, and most widely diversified conglomerates in the Philippines, with leadership positions in real estate development, banking and financial services, telecommunications, electronics and information technology, water infrastructure development and management, and car dealership.
_____
Good Future Investment for Renewable Energy in the Philippines
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