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EDC among 5 bidders for geothermal, hydro projects on February 17, 2021 at 9:00 pm Five power generators led by Lopez-led Energy Development Corporation (EDC) have submitted bids to the Department of Energy (DOE) in its third Open and Competitive Selection Process (OCSP3), which aims develop renewable energy (RE) projects in the country. The DOE offered a total of 22 pre-determined areas for development, five of them geothermal and 17 hydropower. EDC submitted its bids for the 27-megawatt (MW) Daklan Geothermal Project in Bokod, Benguet and the 17MW Puting Lupa Geothermal Project in Laguna....

Energy to remain affordable amid transition to renewable sources —DOE By TED CORDERO, GMA News Published January 21, 2021 6:52pm The Department of Energy (DOE) said the cost of electricity will still be affordable as the country plans a shift towards renewable energy (RE) sources. “We are anticipating a shift in our power generation mix, again from one that is coal-centered, to one where renewable energy, natural gas, and other emerging sustainable energy technologies make up two-thirds of our total generation by year 2040,” Energy Secretary Alfonso Cusi said in an online forum ...

SunStar Ceneco to contract ‘right amount’ of power, pushes for P1 rate reduction Ceneco acting manager and project supervisor Lawyer Danny Pondevilla answers questions from the media in a press conference at a restaurant in Bacolod City yesterday, January 14) . (Erwin P. Nicavera) + January 15, 2021 Under a new management, the Central Negros Electric Cooperative (Ceneco) has assured the member-consumers of a more transparent and efficient services through one, ensuring that its power supply contracts are free from corruption and other irregularitie...

TAGUIG CITY, Jan 7 -- The Department of Energy (DOE), through the Renewable Energy Management Bureau (REMB), conducted last Tuesday (5 January) the Launching and Pre-Submission Conference to kick-off the start of the 3rd Open and Competitive Selection Process (OCSP3) that will further accelerate the development of renewable energy (RE) in the country.   Under the OCSP3, a total of 22 Pre-Determined Areas (PDAs) covering potential geothermal and hydropower resources have been identified and were presented to the various stakeholders during the launching to the various stakeholders. These PDA...

Published December 22, 2020, 7:00 AM Despite the perceived low capitalization of US$50 million dangled to foreign investors for integrated geothermal resource exploration and power plant development in the country, the Department of Energy (DOE) disclosed that there are no takers yet of the blocks being offered by the government. “We don’t know of any foreign company yet. There were companies that submitted letters of intent – these are two local companies,” DOE Director Mylene Capongcol said. She noted that at least three geothermal blocks are being tendered to interested foreign inv...