The Aboitiz Power Corporation (Aboitiz Power) in the Philippines plans to construct close to 1000 megawatt (MW) solar and wind energy facilities in the Philippine province of Pangasinan.
Aboitiz Power senior vice president for operations and maintenance Chris Faelnar said residents of Aguilar, Bugallon, San Manuel, Labrador, Mangatarem, Infanta, and Mabini towns will benefit from 650 MW solar electricity and 325 MW wind electricity, a total of 975 megawatts (MW).
Aboitiz Power is planning to invest close to PHP34 billion (US$671 million) in the development of these renewable projects. The company targets to start the construction at the end of the year or early next year after studying the potential of wind capacity in the strategized sites and if they complete the necessary permits needed because the project sites are mostly public and forest lands.
The company has entered into an agreement with the Department of Environment and Natural Resources regarding the public and forest land the projects will traverse.
Aboitiz Power assures the local government of Pangasinan that the company's priority is to hire locals of the province for the development of the project. Thousands of people are expected to be employed once the construction of the facilities begins.
The Philippine National Oil Company (PNOC) is seeking a joint-venture partner to design, build, finance, operate and maintain a liquefied natural gas (LNG) hub in Batangas Bay, located in Batangas province on the Luzon island of the Philippines. The project could cost up to US$2 billion.
Read moreAP Renewables, Inc. (APRI), a wholly-owned subsidiary of AboitizPower, has signed a Geothermal Resources Supply and Services Agreement (GRSSA) with the Philippine Geothermal Production Company, Inc. (PGPC) to expand the Tiwi and MakBan Geothermal Complex, which has an installed capacity of nearly 750 MW.
Read moreSK Engineering & Construction (SKE&C), subsidiary of South Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Government of the Philippines to build two 600 MW coal-fired power plants on Luzon island at an estimated cost of KRW2.2 trillion (US$1.98 billion).
Read moreSK E&S, a subsidiary of Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Department of Energy of the Philippines proposing the construction of liquefied natural gas (LNG) infrastructure worth US$1.7 billion. In addition, Phoenix Petroleum and China National Offshore Oil Corp (CNOOC) have signed a Memorandum of Understanding (MOU) to develop LNG projects in the country.
Read moreThe Asian Development Bank (ADB) has signed a loan equivalent of up with US$235 million to B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).
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