DOE starts enticing new power investments 0 SHARES Share it! Share TweetBy Myrna M. VelascoWithout it admitting yet that it might have missed planning trajectories, the Department of Energy (DOE) is finally stepping up into inviting new power projects to satiate the country’s long-term energy needs. Cusi qualified the Chinese firm had been looking at putting up “merchant power plants” that will lean on coal technology – meaning, there shall be no bilateral contracts or off-take agreements on their generated electricity. By classification, “committed power projects” are those plants that are already shovel-ready – and complete with financial closing and engagement of engineering, procurement and construction (EPC) contractor. The rest are renewable energy investments and a planned US$1.5-billion petrochemical refinery, but there is none on the merchant coal-fired power projects being wished for by the energy secretary.

Source: Manila Bulletin May 22, 2019 14:02 UTC