Philippines’ hydroelectricity sector popular amongst investors

1. Meet key decision makers and International experts – listen, learn and engage in face-to-face discussions with ASEAN energy officials, global energy experts, business leaders and investors. Plan for today and tomorrow’s energy challenges.

2. Be part of a privileged event. Be among the first to hear from national officials their new plans and policies to discover new business opportunities to meet the growing demand for energy and power in the region.

3. Network and develop connections with other industry experts and managers, share ideas and look to the future with increased level of confidence for your organization.

4. Acquire a deeper understanding of the present situation and outlook for the power and energy sector in the region as member nations connect to each other as the ASEAN Economic Country.

The inclusion of environment, climate change and energy in the list of the 2017 Investment Priorities Plan, approved by President Duterte in March 2017, has been met with success in recent months as energy projects move to the execution stage in the Philippines.

Amongst these, the hydropower sector seems to benefit the most from new projects registration and approval procedures, with the Alsons Group’s 15MW, P3.5 billion ($70 million) Maasim hydropower project in Saranggani, and the Repower Energy Development Corporation’s P2.1 billion ($40 million) Maramag hydropower project and P1.5 billion ($30 million) Cabanglasan hydropower project in Bukidnon making it to the July list of projects registered with the country’s Board of Investment.

This follows several positive developments for the Philippines’ hydropower sector in recent months. As of June 2017, the country’s Department of Energy had awarded hydropower projects worth 13,419.73MW, with 965.04MW of this capacity already installed. A few large-scale plants are amongst planned hydroelectricity projects, including San Miguel Corporation’s three pumped-storage projects on San Roque, totalling 1,400MW and developed by the Strategic Power Development Corporation, the Kibungan Hydropower Corporation’s 1,000MW Kibungan Hydropower project, the Pacific Renewable Power Philippines Corporation’s 600MW Gened 1 project and the Coheco Badeo Corporation’s 500MW Kibungan pumped-storage project.

A few major additional projects were also recently added to the pipeline. In June 2017, the Department of Energy awarded Citicore Power Inc. (CPI) five service contracts for pumped-storage hydropower projects totalling 2,300MW in Southern Luzon. As such, the Citicore Holdings Investment Inc.’s subsidiary has been given green light to move to the projects’ pre-development stage, conduct studies and obtain permits.

A month mater, Olympia Violago Water & Power Inc awarded PowerChina with the EPC contract for its $1 billion, 500MW Wawa Pumped-storage Hydroelectric Project in the Rizal province, expected to be commissioned in 2022. The new project is being jointly built by San Lorenzo Ruiz Builders and Developers (SLRB) and renewable energy independent power producer Equis Energy.

In addition, another 2,270.67MW of capacity was pending approval as of June 30th, 2017, bringing the country’s total installed and planned hydropower capacity to 15,690MW, well over the 2030 target of 8,724.10MW of installed capacity set within the National Renewable Energy Programme (NREP).

August 09, 2017

 

1. Meet key decision makers and International experts – listen, learn and engage in face-to-face discussions with ASEAN energy officials, global energy experts, business leaders and investors. Plan for today and tomorrow’s energy challenges.

2. Be part of a privileged event. Be among the first to hear from national officials their new plans and policies to discover new business opportunities to meet the growing demand for energy and power in the region.

3. Network and develop connections with other industry experts and managers, share ideas and look to the future with increased level of confidence for your organization.

4. Acquire a deeper understanding of the present situation and outlook for the power and energy sector in the region as member nations connect to each other as the ASEAN Economic Country.

1. Meet key decision makers and International experts – listen, learn and engage in face-to-face discussions with ASEAN energy officials, global energy experts, business leaders and investors. Plan for today and tomorrow’s energy challenges.

2. Be part of a privileged event. Be among the first to hear from national officials their new plans and policies to discover new business opportunities to meet the growing demand for energy and power in the region.

3. Network and develop connections with other industry experts and managers, share ideas and look to the future with increased level of confidence for your organization.

4. Acquire a deeper understanding of the present situation and outlook for the power and energy sector in the region as member nations connect to each other as the ASEAN Economic Country.

Reasons

1. Meet key decision makers and International experts – listen, learn and engage in face-to-face discussions with ASEAN energy officials, global energy experts, business leaders and investors. Plan for today and tomorrow’s energy challenges.

2. Be part of a privileged event. Be among the first to hear from national officials their new plans and policies to discover new business opportunities to meet the growing demand for energy and power in the region.

3. Network and develop connections with other industry experts and managers, share ideas and look to the future with increased level of confidence for your organization.

4. Acquire a deeper understanding of the present situation and outlook for the power and energy sector in the region as member nations connect to each other as the ASEAN Economic Country.