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BOI registers energy projects worth P122 B in first quarter

Published April 24, 2021, 8:00 AM
Power and energy projects registered with the Board of Investments (BOI) jumped by 2,800 percent to P122 billion in the first quarter this year as against P4.2 billion only in the same period in 2020.
According to BOI Managing Head Ceferino S. Rodolfo, the latest committed investment is the P1.22 billion 8-megawatt biomass power project of Mindoro Harvest Energy Co. Inc.
“ The power project, meanwhile, adds to the now growing power/electricity investments,” said Rodolfo.
According to Rodolfo, the Mindoro Harvest’s biomass project is expected for completion by end of 2022 with a commissioning date of January 2023.
Once operational, it will contribute to meeting the 26.8 MW uncontracted demand of Oriental Mindoro Electric Cooperative, Inc. (ORMECO) as it is currently increasing its efforts in addressing the power supply shortage within its coverage area. ORMECO has also scheduled the bidding for its 30 MW power supply ....

Ceferinos Rodolfo , Mindoro Harvest Energy Co , Mindoro Electric Cooperative Inc , Head Ceferino , Mindoro Harvest Energy , Mindoro Harvest , Oriental Mindoro Electric Cooperative , மைண்டோரோ மின்சார கூட்டுறவு இன்க் , ஓரியெஂடல் மைண்டோரோ மின்சார கூட்டுறவு ,

BoI approves P2.8-B investments - BusinessWorld

BoI approves P2.8-B investments - BusinessWorld
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South Cotabato , United States , Misamis Oriental , Revin Mikhaeld Ochave , Ceferinos Rodolfo , Axelum Resources Corp , Mindoro Electric Cooperative Inc , Biotech Farms Inc , Mindoro Harvest Energy Co Inc , Biotech Farms , Axelum Resources , Managing Head Ceferino , Mindoro Harvest , Middle East , Oriental Mindoro Electric Cooperative , Revin Mikhael , ஒன்றுபட்டது மாநிலங்களில் , மைண்டோரோ மின்சார கூட்டுறவு இன்க் , பயோடெக் பண்ணைகள் , நடுத்தர கிழக்கு , ஓரியெஂடல் மைண்டோரோ மின்சார கூட்டுறவு ,

BoI approves P2.8-B investments

BoI approves P2.8-B investments
© Provided by BusinessWorld
The Board of Investments (BoI) on Friday said it had approved one renewable energy and two agriculture projects worth P2.8 billion in the Philippines.
In a statement, the agency said it had given the go-signal to Mindoro Harvest Energy Co., Inc. to build an eight-megawatt biomass power plant project worth P1.22 billion in the province.
It also approved Biotech Farms, Inc.’s P1.33-billion plan to expand its live hog production in South Cotabato, as well as Axelum Resources Corp.’s P270-million project on coconut milk powder in Misamis Oriental.
BoI Managing Head Ceferino S. Rodolfo said resource-based industries such as power and agribusiness are the most resilient during the coronavirus pandemic. ....

South Cotabato , United States , Misamis Oriental , Revin Mikhaeld Ochave , Ceferinos Rodolfo , Axelum Resources Corp , Mindoro Electric Cooperative Inc , Biotech Farms Inc , Mindoro Harvest Energy Co Inc , Biotech Farms , Axelum Resources , Managing Head Ceferino , Mindoro Harvest , Middle East , Oriental Mindoro Electric Cooperative , Revin Mikhael , ஒன்றுபட்டது மாநிலங்களில் , மைண்டோரோ மின்சார கூட்டுறவு இன்க் , பயோடெக் பண்ணைகள் , நடுத்தர கிழக்கு , ஓரியெஂடல் மைண்டோரோ மின்சார கூட்டுறவு ,

Bulk of electric coop loans funneled to calamity-related borrowings

Published April 21, 2021, 7:00 AM
With many of the country’s electric cooperatives (ECs) still getting back on their feet following last year’s wallop of disasters and most still prepping for recovery from the health crisis, the National Electrification Administration (NEA) reported that loan portfolios extended to these rural power utilities reached P102 million within first quarter this year.
The government-run agency’s Accounts Management and Guarantee Department (AMGD) stated that a significant portion of the ECs’ borrowings had been for calamity loans – primarily those that have been pummeled by the series of strong typhoons in the latter part of 2020.
“From January to March this year, P102.4 million in loans – including calamity loans, were released to five electric cooperatives,” NEA emphasized. ....

Camarines Sur , Davao Del Norte , Edgardor Masongsong , Oriential Mindoro , National Electrification Administration , Marinduque Electric Cooperative Inc , Quezoni Electric Cooperative Inc , Mindoro Electric Cooperative Inc , Davao Del Norte Electric Cooperative Inc , Accounts Management , Guarantee Department , Marinduque Electric Cooperative , Oriental Mindoro Electric Cooperative , Quezoni Electric Cooperative , Davao Del Norte Electric Cooperative , தவோ டெல் நார்ட் , மைண்டோரோ மின்சார கூட்டுறவு இன்க் , தவோ டெல் நார்ட் மின்சார கூட்டுறவு இன்க் , கணக்குகள் மேலாண்மை , உத்தரவாதம் துறை , ஓரியெஂடல் மைண்டோரோ மின்சார கூட்டுறவு , தவோ டெல் நார்ட் மின்சார கூட்டுறவு ,

NEA Q1 loans to power cooperatives hit P102M

NEA Q1 loans to power cooperatives hit P102M
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Camarines Sur , Davao Del Norte , Angelicay Yang , Marinduque Electric Cooperative Inc , Quezoni Electric Cooperative Inc , Electrification Administration , Mindoro Electric Cooperative Inc , Davao Del Norte Electric Cooperative Inc , Davao Del Norte Electric Cooperative , Marinduque Electric Cooperative , Oriental Mindoro Electric Cooperative , Quezoni Electric Cooperative , தவோ டெல் நார்ட் , மைண்டோரோ மின்சார கூட்டுறவு இன்க் , தவோ டெல் நார்ட் மின்சார கூட்டுறவு இன்க் , தவோ டெல் நார்ட் மின்சார கூட்டுறவு , ஓரியெஂடல் மைண்டோரோ மின்சார கூட்டுறவு ,