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Fort Pilar assigns right to buy Malaya plant
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Red Alert and EPIRA - BusinessWorld
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MinDA opposes Agus-Pulangi hydropower privatization
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BusinessWorld
May 7, 2021 | 7:20 pm
State-led Power Sector Assets and Liabilities Management Corp. (PSALM) has declared Fort Pilar Energy Inc. as the winning entity in the negotiated sale of the government’s 650-megawatt (MW) Malaya thermal power plant in Rizal province.
In a statement on Friday, PSALM said Fort Pilar Energy submitted the highest offer at P3,123,500,000, which exceeded the minimum offer price of P1,845,222,000 set by the agency’s board of directors.
It described the privatization of the power plant as “a success.” It held the negotiated sale on Friday.
PSALM President and Chief Executive Officer Irene Besido-Garcia said that after several attemps to privatize the plant in the past two years, “we are very happy to have finally received financial bids substantially above” the minimum offer price.
BusinessWorld
May 3, 2021 | 7:11 pm
By Bienvenido S. Oplas, Jr.
The Department of Energy (DoE) released the Philippines Power Statistics 2020 this week and it shows some interesting data on the country’s energy mix. Installed capacity in 2020 has reached 26,250 megawatts (MW) or 26.25 gigawatts (GW), and the four biggest energy technologies are coal, oil-based, hydro, and natural gas. In actual electricity generation, the four biggest sources are coal, natural gas, geothermal, and hydro (
see Table 1).
There are three interesting pieces of data here. One, coal constituted 42% of total installed capacity in 2020 but its actual power generation was 57% of the total. The big increase in coal generation came from the Mindanao grid starting 2016 (double the 2015 level) through 2019 (double the 2016 level). There are no longer daily “Earth Hours” and regular blackouts in Mindanao.