Siguil Hydro Power Plant in Sarangani On-Schedule to deliver Renewable Energy in 2022
by Philippine Resources - October 18, 2021
The Alsons Power group’s 14.5 mega-watt (MW) ₱ 4.5 billion run- of- river hydroelectric power plant at the Siguil River basin in Maasim, Sarangani Province is on- track to begin operations in 2022 to provide a source of renewable power to key areas of Mindanao.
The photo shows ongoing work on the plant’s powerhouse that will contain the hydropower turbine and generator set which will produce electricity using water from the Siguil River. It will also house the power facility’s control Room and offices for administration, operations and maintenance.
Alsons Power- Mindanao’s firs private sector power generator plans to develop at least seven more run of river hydro power facilities in different parts of Mindanao and Negros Occidental. The group currently operates four power facilities in Mindanao with a total generating capacity of 468 MW serving over 8 million people in 14 cities and 11 provinces.
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Philippine Resources - October 18, 2021
Faster approval process for renewable energy plants sought
Photo credit: SMA Solar Technology - Catalagan Solar Farm A lawmaker on Monday appealed to the Department of Energy (DOE) to expedite the process of approvals for power plants, especially for renewable energy (RE), as the possibility of “energy crunch” looms due to the impact of oil price hikes. Albay Rep. Joey Salceda said the possible “energy crunch”, or a rise in power and fuel costs, by mid-2022 can cause major problems for countries like the Philippines that import non-renewables for its energy needs, as it could dampen economic recovery. “The world is facing what could be a year of price hikes on coal, oil, natural gas, and other non-renewable energy sources. We are facing a confluence of factors. Oil is back where it was pre-pandemic. Natural gas is at all-time highs,” Salceda said. In response to disruptions and price hikes in fossil fuels, he recommended that the country diversify its energy portfolio quickly. “RE is just 24 percent of our energy sources, when we are both a net importer of fossil fuels, and an excellent location for all sorts of RE. One problem appears to me to be the approval process,” he said. He noted that the Renewable Energy Law imposes much more requirements on RE players than on traditional fossil fuel plants, which tend to discourage rather than encourage RE power plants. “We may need to review the Renewable Energy Law to see how we can expedite approval processes. The pre-development stage also tends to be long, up to three years, so we have to see how we can move quicker with that stage,” Salceda said. He said the ideal mix should be at least 40 percent renewable energy. “Our international commitment is to get that up to 35 percent by 2030, but we should do ourselves better by aiming for 40 percent, since almost all of our fossil fuels are imported,” Salceda said. Salceda also suggested that DOE should be a more regular part of discussions on the country’s economic recovery. “I’ve seen the national employment recovery strategy (NERS) and it says nothing about new power plants, which we sorely need, and which will definitely create new jobs. It’s not even in the National Employment Recovery task force,” he said. He said approving the creation of pending power plant applications will create new jobs. “You also need cheap power to create jobs. Moving forward, I hope the DOE is part of discussions on our economic recovery. Power costs remain an investor concern and a dampener on economic recovery,” he said. By Filane Mikee Cervantes Article courtesy of Philippine News Agency
Philippine Resources - November 15, 2021
New RE plan targets 35% share of power generation by 2030
Photo credit: PhilStar The Philippines' proposed National Renewable Energy Program (NREP) 2020-2040 is setting a target of 35 percent share of renewable energy (RE) in the power generation mix by 2030 and 50 percent share by 2040. This was bared by Director Mylene C. Capongcol, OIC of the Department of Energy’s (DOE) Renewable Energy Management Bureau, who in a recent online presentation acknowledged that instead of growing, the share of RE in the power generation mix has actually declined. She noted that in 2008, the year the Renewable Energy Act was passed, the share of RE was about 34 percent. Now it is down to 21 percent, or 21,609 gigawatt-hours (GWh), out of a total 101,756 GWh of power generated. The government is looking to revert the share of RE to 35 percent by 2030 and 50 percent by 2040 under the updated NREP, Capongcol said. The NREP sets the roadmap for achieving the country's RE goals as required by the Renewable Energy Act of 2008. Republic Act No. 9513, or the Renewable Energy Act, provides the framework for the development, utilization, and commercialization of RE sources, defined as resources that can be replenished regularly and are available indefinitely. These include biomass, solar, wind, geothermal, ocean energy, hydropower, and other emerging RE technologies. The Act affirms the government’s commitment to accelerate the utilization of RE resources in the country to reduce harmful emissions and achieve economic development while protecting the health and environment. The transition to RE from carbon-intensive energies has become even more urgent in light of the massive destruction being wrought by climate change and uncontrolled greenhouse gas emissions not just in the country but on a global scale. Capongcol, during the webinar, said the proposed NREP will be released soon. The updated plan seeks to help attain energy security, contribute to sustainable development, counter climate change, provide capability building, and secure inclusive growth for the country. To achieve the targets under the updated NREP 2020-2040, she said that while there have been a number of policies, initiatives, and programs that were developed and issued since 2011, “this is not enough.” “There are still a lot of improvements, a lot of new policies, emerging ones, that will support renewable energy development” to enable the country to meet its goals of self-sufficiency and cleaner energy," she said. She added that the DOE currently has innovative programs that are looking at the potentials of hydrogen, fusion, offshore wind, tidal energy, and other technologies. The DOE is also working on an expanded solar rooftop program and the improvement of solid waste management, while at the same time drafting a policy on geothermal energy development. Meanwhile, Jay Layug, president of Developers of Renewable Energy for Advancement, sought further improvements in the sector, citing the need in particular to upgrade the power infrastructure for RE such as building more power plants and improving transmission lines and distribution facilities. “Demand for power continues to grow and in the meantime supply is a problem,” he said, pointing out that many power plants in the country are at least 15 years old and starting to deteriorate. To solve these issues, Layug said the national government and local government units must address the challenges to private sector investment, including restrictive government regulations, rigid process for offtake agreements, numerous requirements for permits and licenses, and a lack of integration in government support. He also pressed for the pursuit of policy reform, particularly by declaring renewables as the preferred energy resource, to reduce the importation of fossil fuel and vulnerability to price volatility. His other recommendations included strengthening public-private partnerships; creating a one-stop-shop for RE; simplifying the rules for deployment of personnel, vessels, machinery, equipment spare parts and materials; and resolving inter-agency coordination issues. In the same webinar by the Liveable Cities Challenge Philippines, British Ambassador to the Philippines Laure Beaufils, in her message highlighted the importance of utilizing RE in the country. “The transition to clean and renewable energy sources, such as geothermal, hydro, wind and solar, which are already abundant in the Philippines, will help end the dependence on expensive imported fuel and lower electricity costs especially for lower-income, climate-vulnerable Filipino families,” Beaufils said. Article courtesy of the Philippine News Agency
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Philippine Resources - March 21, 2023
PBBM boosts transport sector thru big-ticket projects
Photo credit: Department of Transportation Several big-ticket infrastructure projects in the transportation sector have been approved or are already being implemented by the administration of President Ferdinand R. Marcos Jr., the Department of Transportation (DOTr) reported Monday. In a statement, the DOTr said the Cebu Bus Rapid Transit Project, Davao Public Transport Modernization Project, EDSA Greenways, the Light Rail Transit Line 2 (LRT-2) West Extension, and the Light Rail Transit Line 1 (LRT-1) Cavite Extension are all ongoing as of March 9 according to the National Economic and Development Authority (NEDA). These projects are among the 67 infrastructure flagship projects (IFP) that have been greenlit or are already underway out of the 194 high-impact projects under Marcos’ "Build Better More" program. In the rail sector, these approved and ongoing projects include the Metro Manila Subway Phase 1, Mindanao Rail Phase 1, Metro Rail Transit Line 3 (MRT-3) rehabilitation, Metro Rail Transit Line 4 (MRT-4), Metro Rail Transit Line 7 (MRT-7), New Cebu International Container Port, New Manila International Airport (Bulacan International Airport), North-South Commuter Railway (NSCR), Philippine National Railways (PNR) South Long Haul, and the Subic Clark Railway. The New Dumaguete Airport Development Project (Bacong International Airport) and the Integrated Flood Resilience and Adaptation (InFRA) Phase 1 have also both been approved by NEDA, with six projects awaiting approval. Last week, the NEDA Board, led by Marcos, approved 194 high-impact priority projects with a total cost of around PHP9 trillion. The board also approved amendments to the 2013 Joint Venture guidelines to support the government’s push for more investments in the country’s infrastructure. PNR suspension Meanwhile, Senate President Pro Tempore Loren Legarda has expressed alarm over an impending suspension of select PNR routes due to the NSCR, saying it will affect thousands of commuters, mostly students and workers. “The welfare of the riding public should always be prioritized yet it remains to be seen whether such proposed solutions would effectively and sufficiently address the riding public's urgent demands in time for the imminent suspension of the operations of the PNR,“ Legarda said in her explanatory note on Senate Resolution No. 546. The PNR plans to suspend operations of certain routes for up to five years to facilitate the faster construction of the 55-kilometer NSCR. The construction will start in May and PNR may suspend the routes between Governor Pascual in Malabon City and Calamba City in Laguna, and well as Alabang, Muntinlupa City to Calamba. The Tutuban, Manila-Alabang route will be suspended in October and will affect between 20,000 and 25-000 passengers daily. Legarda urged the Committee on Public Order, chaired by Senator Grace Poe, to look into the impending suspension and come up with alternative solutions. Article courtesy of the Philippine News Agency
Philippine Resources - March 21, 2023
Global Ferronickel Holdings, Inc. signs purchase agreement with Baosteel Resources for 1.5 million WMT
Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), has just signed an Annual Purchase Agreement with Baosteel Resources International Co. Ltd. for the supply of 1.5 million WMT of nickel ore for the 2023 mining season. The nickel ore will be coming from FNI’s operating mines in Surigao del Norte and Palawan, operated by Platinum Group Metals Corporation (PGMC) and Ipilan Nickel Corporation (INC), respectively. “Our two operating mines have given us the ability to undertake year-round production to better support the growing demand from China. The easing of COVID-19 restrictions and the robust growth of China’s property sector that is driving the need for stainless steel will help boost the nickel industry,” said Dante R. Bravo, FNI President. Should stockpile inventory permit, one-third of the shipment will be composed of lowgrade nickel ore with 0.90% nickel content and 49% iron content while the remainder will be medium- to high- grade nickel ore with 1.30%-1.60% nickel content and 15%- 25% iron content. The selling price of each shipment will be set on a monthly basis according to the prevailing market price at the time of price setting. Baosteel Resources International Co., Ltd. is a wholly owned subsidiary of the top Chinese steel manufacturing corporation China Baowu Steel Group and is engaged in the business of mineral resource investment, trading, and logistics services. Notably, the company highly specializes on trading of metallurgic raw material with annual volume of over 60 million tons covering a vast range of products such as iron, ore, coal, alloys, non-ferrous metals, ferrous scraps, metallurgical flux, etc. Baosteel Resources maintains over 100 overseas suppliers and over 40 overseas clients. The Company’s headquarters is located in Hong Kong with footprints in Australia, Singapore, South Africa, Indonesia, and several others. Article courtesy of the Philippine Stock Exchange
Philippine Resources - March 21, 2023
Celsius enters into initial binding deed and agreement with local companies to progress MCB Project
Photo: Signing of Binding Deed and Agreement (Left to right: PMR Holding Corp. President Dan Chalmers, CLA Chairman and MMCI President Atty. Julito “Sarge” Sarmiento, Sodor, Inc. President Ms. Erika Chalmers, and CLA Executive Director and MMCI Country Operations Director, Peter Hume). Celsius Resources Limited is pleased to announce that on 17 March 2023 the Company’s wholly owned subsidiary, Makilala Holding Limited ("MHL"), entered into a binding deed with Sodor, Inc. for Sodor to acquire a 60% legal ownership in Makilala Mining Company, Inc. (“MMCI”) for consideration of PHP 300 million (approximately A$8.2 million as at the date of this announcement), on terms and conditions described in the following paragraphs. The signing of the Deed is a significant milestone as it will enable MMCI to apply for an MPSA for the MCB Project with the Philippine Government. As previously advised by the Company, under Philippine law, an MPSA must be held by a company that is at least 60% Filipino owned. In addition, the Company and its wholly owned subsidiaries MHL, MMCI, and PDEP Inc. (“PDEP”) entered into an accompanying binding letter agreement with Sodor and its affiliate PMR Holding Corp. (“PMR”) (together, the “Parties”) to agree on the timeline for, and that delivery to Sodor Inc. of share certificates representing 60% of MMCI’s outstanding shares pursuant to the Deed shall be made only after, the funding by Sodor Inc. and PMR of approximately ~US$43 million for a 30% economic interest in the MCB Project ("Funding Commitment"). 3 The MCB Project will be composed of MMCI and PDEP, both wholly owned subsidiaries of Celsius. The Parties shall rescind the Deed if Sodor and PMR are not able to provide the Funding Commitment within two years from signing, unless the period is shortened or extended by mutual agreement of the Parties. As at the date of this announcement the amount of the Funding Commitment, which is inclusive of the MMCI Consideration, is approximate as the Parties will confirm the size and timing of payment of the Funding Commitment following completion of a bankable feasibility study on the MCB Project. Provision of the Funding Commitment also remains subject to completion of negotiation and execution of binding definitive long form legal documentation. The Philippine Government has otherwise advised MMCI that it has met all of the other technical requirements to obtain the MCB Project’s required environmental and mining permits. Celsius Non-Executive Chairman and MMCI Chairman and President, Atty Julito R. Sarmiento, commented: “We are indeed honored to have Sodor Inc. as our local partner in our vision to develop the MCB Project as a model for Transformative Mining in the Philippines. Our principles and visions are aligned, which is a powerful step towards developing and operating the MCB Project in a responsible and sustainable manner benefitting both our shareholders and local stakeholders. It has always been our commitment, particularly to the Balatoc Tribal Community, that central to the mine development is cultural respect, social development, and environmental protection. Sodor Inc. shares the same commitment, and is thus a perfect partner in developing the MCB Project.” Article courtesy of Celsius Resources. The full press release can be found HERE
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